JPMorgan Chase & Co. (NYSE:JPM) Position Boosted by EFG Asset Management Americas Corp.

EFG Asset Management Americas Corp. lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 20.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 58,760 shares of the financial services provider’s stock after buying an additional 9,826 shares during the quarter. JPMorgan Chase & Co. makes up about 2.7% of EFG Asset Management Americas Corp.’s investment portfolio, making the stock its 7th largest position. EFG Asset Management Americas Corp.’s holdings in JPMorgan Chase & Co. were worth $14,085,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of JPM. Mizuho Securities Co. Ltd. purchased a new stake in JPMorgan Chase & Co. during the third quarter valued at $25,000. Midwest Capital Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at $43,000. Peterson Financial Group Inc. purchased a new stake in JPMorgan Chase & Co. during the third quarter valued at $45,000. Legacy Investment Solutions LLC purchased a new stake in JPMorgan Chase & Co. during the third quarter valued at $45,000. Finally, Collier Financial purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $45,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the topic of several recent analyst reports. Truist Financial increased their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Robert W. Baird raised shares of JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and increased their target price for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Bank of America increased their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 7th. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research note on Friday, January 3rd. Finally, Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $252.89.

JPMorgan Chase & Co. Stock Up 3.4 %

Shares of JPMorgan Chase & Co. stock opened at $232.94 on Monday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 1 year low of $179.20 and a 1 year high of $280.25. The firm’s 50-day moving average is $258.29 and its two-hundred day moving average is $238.95. The stock has a market cap of $651.31 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 2.83 and a beta of 1.10.

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

Insider Activity

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the sale, the chief executive officer now directly owns 158,381 shares in the company, valued at approximately $42,737,529.04. This trade represents a 19.14 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jennifer Piepszak sold 4,273 shares of the firm’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the completion of the sale, the chief operating officer now owns 54,469 shares in the company, valued at $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 46,326 shares of company stock worth $12,448,445. Corporate insiders own 0.79% of the company’s stock.

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.