2 weeks Ago By ABMN Staff
Checchi Capital Advisers LLC lifted its position in shares of JPMorgan Chase & Co. ( NYSE:JPM ) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The institutional investor owned 38,750 shares of the financial services provider’s stock after purchasing an additional 231 shares during the quarter. Checchi Capital Advisers LLC’s holdings in JPMorgan Chase & Co. were worth $7,838,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently made changes to their positions in JPM. Retirement Group LLC raised its holdings in JPMorgan Chase & Co. by 227.
1% during the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after buying an additional 109 shares during the period. Richardson Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co.
during the first quarter worth $34,000. Bare Financial Services Inc bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $35,000.
Partnership Wealth Management LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth $36,000. Finally, Davidson Capital Management Inc.
bought a new position in JPMorgan Chase & Co. during the 1st quarter worth about $37,000. Institutional investors and hedge funds own 71.
55% of the company’s stock. Wall Street Analyst Weigh In Several research analysts have recently weighed in on the company. Robert W.
Baird upped their price objective on JPMorgan Chase & Co. from $175.00 to $185.
00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Piper Sandler raised their price target on shares of JPMorgan Chase & Co. from $220.
00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. UBS Group boosted their price objective on shares of JPMorgan Chase & Co.
from $219.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st.
Barclays raised their target price on shares of JPMorgan Chase & Co. from $212.00 to $217.
00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $209.
00 to $211.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company.
According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $205.71.
JPMorgan Chase & Co. Price Performance NYSE:JPM opened at $222.21 on Friday.
JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $222.
98. The firm has a market capitalization of $638.11 billion, a price-to-earnings ratio of 12.
39, a P/E/G ratio of 2.42 and a beta of 1.12.
The stock’s 50 day moving average price is $208.24 and its two-hundred day moving average price is $197.96.
The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 1.
24. JPMorgan Chase & Co. ( NYSE:JPM – Get Free Report ) last posted its quarterly earnings results on Friday, July 12th.
The financial services provider reported $6.12 earnings per share for the quarter, beating 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 analysts’ expectations of $42.23 billion. During the same quarter in the prior year, the business earned $4.
37 EPS. On average, analysts anticipate that JPMorgan Chase & Co. will post 16.
78 earnings per share for the current year. Insider Activity In related news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, June 10th.
The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44.
Following the completion of the sale, the insider now owns 212,265 shares of the company’s stock, valued at approximately $42,355,358.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link .
Insiders own 0.79% of the company’s stock. JPMorgan Chase & Co.
Company Profile ( 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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