1,103 Shares in JPMorgan Chase & Co. (NYSE:JPM) Purchased by Novus Advisors LLC

Novus Advisors LLC acquired a new position in JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,103 shares of the financial services provider’s stock, valued at approximately $264,000.

Several other large investors also recently added to or reduced their stakes in the company. Edgestream Partners L.P. increased its position in shares of JPMorgan Chase & Co. by 288.9% during the fourth quarter. Edgestream Partners L.P. now owns 37,567 shares of the financial services provider’s stock valued at $9,005,000 after buying an additional 27,906 shares during the period. BBR Partners LLC increased its position in shares of JPMorgan Chase & Co. by 0.7% during the fourth quarter. BBR Partners LLC now owns 33,471 shares of the financial services provider’s stock valued at $8,023,000 after buying an additional 228 shares during the period. Blue Bell Private Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. by 1.5% during the fourth quarter. Blue Bell Private Wealth Management LLC now owns 2,594 shares of the financial services provider’s stock valued at $622,000 after buying an additional 38 shares during the period. Ashton Thomas Private Wealth LLC increased its position in shares of JPMorgan Chase & Co. by 8.4% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 83,013 shares of the financial services provider’s stock valued at $19,899,000 after buying an additional 6,453 shares during the period. Finally, Strategic Family Wealth Counselors L.L.C. increased its position in shares of JPMorgan Chase & Co. by 10.9% during the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 5,373 shares of the financial services provider’s stock valued at $1,288,000 after buying an additional 529 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $232.94 on Monday. JPMorgan Chase & Co. has a 1-year low of $179.20 and a 1-year high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The business has a fifty day moving average price of $258.29 and a 200-day moving average price of $238.95. The company has a market capitalization of $651.31 billion, a PE ratio of 11.80, a PEG ratio of 2.83 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same period last year, the firm posted $3.04 earnings per share. JPMorgan Chase & Co.’s revenue was up 10.9% compared to the same quarter last year. As a group, equities analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the transaction, the general counsel now directly owns 47,620 shares of the company’s stock, valued at $12,092,622.80. The trade was a 6.49 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Jennifer Piepszak sold 4,273 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.85, for a total value of $1,153,069.05. Following the transaction, the chief operating officer now directly owns 54,469 shares in the company, valued at approximately $14,698,459.65. The trade was a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,326 shares of company stock valued at $12,448,445. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the topic of several analyst reports. Citigroup upped their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th. Baird R W upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research report on Friday, March 7th. Oppenheimer cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Robert W. Baird upgraded shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $215.00 to $220.00 in a research report on Friday, March 7th. Finally, Piper Sandler upped their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research report on Tuesday, December 3rd. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $252.89.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.