2 weeks Ago By Defense World Staff
AIMZ Investment Advisors LLC decreased its holdings in JPMorgan Chase & Co. ( NYSE:JPM ) by 7.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 2,389 shares of the financial services provider’s stock after selling 200 shares during the period. AIMZ Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $483,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Retirement Group LLC grew its stake in JPMorgan Chase & Co. by 227.
1% in the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 109 shares in the last quarter. Richardson Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co.
during the 1st quarter valued at about $34,000. Anfield Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $34,000.
Davidson Capital Management Inc. acquired a new position in JPMorgan Chase & Co. in the first quarter worth approximately $37,000.
Finally, Vermillion & White Wealth Management Group LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $40,000. 71.
55% of the stock is owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In JPM has been the subject of several recent research reports. Piper Sandler boosted their target price on shares of JPMorgan Chase & Co.
from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th.
UBS Group upped their price objective on shares of JPMorgan Chase & Co. from $219.00 to $224.
00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Barclays raised their target price on JPMorgan Chase & Co. from $212.
00 to $217.00 and gave the company an “overweight” rating in a report on Monday, July 15th. BMO Capital Markets upped their price target on JPMorgan Chase & Co.
from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th.
Finally, Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $220.00 to $225.
00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $211.
06. JPMorgan Chase & Co. Stock Performance NYSE JPM opened at $209.
50 on Wednesday. The company’s fifty day moving average is $211.43 and its two-hundred day moving average is $201.
36. JPMorgan Chase & Co. has a 52-week low of $135.
19 and a 52-week high of $225.48. The company has a debt-to-equity ratio of 1.
24, a current ratio of 0.91 and a quick ratio of 0.91.
The firm has a market capitalization of $601.61 billion, a price-to-earnings ratio of 11.68, a P/E/G ratio of 2.
33 and a beta of 1.12. JPMorgan Chase & Co.
( NYSE:JPM – Get Free Report ) last released its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping analysts’ consensus estimates of $4.
19 by $1.93. JPMorgan Chase & Co.
had a return on equity of 17.26% and a net margin of 20.32%.
The business had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion.
During the same period last year, the business earned $4.37 earnings per share. Equities research analysts forecast that JPMorgan Chase & Co.
will post 16.78 EPS for the current year. About JPMorgan Chase & Co.
( Free Report ) JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.
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