Harvest Capital Management Inc purchased a new position in JPMorgan Chase & Co. (NYSE:JPM) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,932 shares of the financial services provider’s stock, valued at approximately $207,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Private Vista LLC bought a new position in JPMorgan Chase & Co. in the second quarter valued at about $102,000. Kohmann Bosshard Financial Services LLC bought a new position in JPMorgan Chase & Co. in the third quarter valued at about $102,000. Welch Investments LLC bought a new position in JPMorgan Chase & Co. in the third quarter valued at about $103,000. Legacy Advisors LLC bought a new position in JPMorgan Chase & Co. in the third quarter valued at about $106,000. Finally, Atlantic Trust LLC bought a new position in JPMorgan Chase & Co. in the second quarter valued at about $136,000. Institutional investors own 74.47% of the company’s stock.
A number of research firms have issued reports on JPM. Nomura set a $115.00 target price on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research report on Friday, January 12th. Buckingham Research upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Thursday, December 21st. Vetr upgraded JPMorgan Chase & Co. from a “strong sell” rating to a “sell” rating and set a $102.07 target price on the stock in a research report on Tuesday, February 6th. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $129.00 target price on the stock in a research report on Monday. Finally, Credit Suisse Group lifted their target price on JPMorgan Chase & Co. from $125.00 to $127.00 and gave the company an “outperform” rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and sixteen have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $111.03.
JPMorgan Chase & Co. (JPM) opened at $114.53 on Tuesday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $396,185.34, a P/E ratio of 16.51, a P/E/G ratio of 1.95 and a beta of 1.18. JPMorgan Chase & Co. has a 12 month low of $81.64 and a 12 month high of $119.33.
JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, January 12th. The financial services provider reported $1.76 EPS for the quarter, topping the Zacks’ consensus estimate of $1.69 by $0.07. The company had revenue of $24.15 billion for the quarter, compared to analyst estimates of $24.87 billion. JPMorgan Chase & Co. had a return on equity of 11.63% and a net margin of 21.46%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.71 earnings per share. analysts predict that JPMorgan Chase & Co. will post 8.9 EPS for the current year.
In related news, insider Ashley Bacon sold 16,434 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $112.22, for a total value of $1,844,223.48. Following the transaction, the insider now directly owns 98,811 shares of the company’s stock, valued at $11,088,570.42. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Peter Scher sold 26,532 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Friday, January 19th. The stock was sold at an average price of $113.42, for a total value of $3,009,259.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 152,047 shares of company stock worth $17,098,115. 0.88% of the stock is owned by insiders.
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About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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