2 weeks Ago By Defense World Staff
Main Street Financial Solutions LLC raised its holdings in JPMorgan Chase & Co. ( NYSE:JPM ) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC.
The fund owned 15,491 shares of the financial services provider’s stock after purchasing an additional 59 shares during the quarter. Main Street Financial Solutions LLC’s holdings in JPMorgan Chase & Co. were worth $3,133,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Retirement Group LLC raised its position in shares of JPMorgan Chase & Co. by 227.
1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 109 shares during the last quarter. Richardson Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co.
during the first quarter worth $34,000. Anfield Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the second quarter worth $34,000.
Davidson Capital Management Inc. bought a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $37,000.
Finally, Vermillion & White Wealth Management Group LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $40,000. Institutional investors own 71.
55% of the company’s stock. Wall Street Analyst Weigh In JPM has been the subject of a number of recent research reports. Wolfe Research downgraded JPMorgan Chase & Co.
from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Barclays lifted their price objective on JPMorgan Chase & Co. from $212.
00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Evercore ISI lifted their price objective on JPMorgan Chase & Co.
from $210.00 to $211.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th.
Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $220.00 to $225.
00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Finally, UBS Group lifted their price objective on JPMorgan Chase & Co. from $219.
00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company.
Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.06. JPMorgan Chase & Co.
Stock Performance JPM opened at $209.50 on Wednesday. JPMorgan Chase & Co.
has a 52-week low of $135.19 and a 52-week high of $225.48.
The firm has a market capitalization of $601.61 billion, a PE ratio of 11.68, a PEG ratio of 2.
33 and a beta of 1.12. The company has a debt-to-equity ratio of 1.
24, a quick ratio of 0.91 and a current ratio of 0.91.
The business’s 50-day simple moving average is $211.43 and its 200 day simple moving average is $201.36.
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 (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $42.
23 billion. During the same quarter in the prior year, the company posted $4.37 earnings per share.
As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.
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. Featured Articles Five stocks we like better than JPMorgan Chase & Co. What is a Death Cross in Stocks? Galmed Pharmaceuticals Surges 400%: What’s Behind the Explosion? Stock Dividend Cuts Happen Are You Ready? Gold Hits New All-Time Highs: 3 Stocks to Ride the Surge Learn Technical Analysis Skills to Master the Stock Market Intel: Why It’s Time to Reconsider This Beaten-Down Chipmaker Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. ( NYSE:JPM – Free Report ). Receive News & Ratings for JPMorgan Chase & Co.
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