JPMorgan Chase & Co. (NYSE:JPM) is Addison Capital Co’s 9th Largest Position

Addison Capital Co grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,413 shares of the financial services provider’s stock after buying an additional 763 shares during the quarter. JPMorgan Chase & Co. accounts for 2.8% of Addison Capital Co’s portfolio, making the stock its 9th largest position. Addison Capital Co’s holdings in JPMorgan Chase & Co. were worth $6,556,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in JPM. Retirement Group LLC lifted its stake 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 valued at $31,000 after acquiring an additional 109 shares during the period. Richardson Capital Management LLC bought a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $34,000. Bare Financial Services Inc bought a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $35,000. Partnership Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $36,000. Finally, Davidson Capital Management Inc. bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at $37,000. Institutional investors own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $199.54, for a total value of $1,014,860.44. Following the sale, the insider now owns 212,265 shares of the company’s stock, valued at approximately $42,355,358.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $220.18 on Wednesday. The firm has a market cap of $632.28 billion, a price-to-earnings ratio of 12.28, a P/E/G ratio of 2.42 and a beta of 1.12. The firm has a fifty day moving average price of $207.29 and a 200 day moving average price of $197.47. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $220.42. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating the consensus estimate of $4.19 by $1.93. The business had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same quarter in the prior year, the firm earned $4.37 EPS. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Tuesday, July 9th. Oppenheimer upped their price target on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. BMO Capital Markets raised their price objective on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Barclays upped their target price on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Finally, Piper Sandler lifted 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. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average target price of $205.71.

About JPMorgan Chase & Co.

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.