JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Trajan Wealth LLC

Trajan Wealth LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 47,037 shares of the financial services provider’s stock after purchasing an additional 2,005 shares during the period. Trajan Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $9,514,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at approximately $55,033,000. GUNN & Co INVESTMENT MANAGEMENT INC. raised its position in JPMorgan Chase & Co. by 1,202.2% during the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 386,259 shares of the financial services provider’s stock worth $65,703,000 after buying an additional 356,596 shares during the last quarter. Kovack Advisors Inc. lifted its stake in shares of JPMorgan Chase & Co. by 10.3% in the 4th quarter. Kovack Advisors Inc. now owns 37,311 shares of the financial services provider’s stock worth $6,347,000 after acquiring an additional 3,480 shares during the period. KFA Private Wealth Group LLC boosted its holdings in JPMorgan Chase & Co. by 28.1% in the 4th quarter. KFA Private Wealth Group LLC now owns 2,434 shares of the financial services provider’s stock valued at $414,000 after purchasing an additional 534 shares in the last quarter. Finally, Spinnaker Trust boosted its stake in shares of JPMorgan Chase & Co. by 2.2% in the fourth quarter. Spinnaker Trust now owns 74,076 shares of the financial services provider’s stock valued at $12,600,000 after buying an additional 1,627 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 1.2 %

Shares of NYSE JPM opened at $224.80 on Friday. The firm has a market cap of $645.55 billion, a P/E ratio of 12.54, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12. 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. has a 1 year low of $135.19 and a 1 year high of $225.48. The firm’s 50 day moving average price is $208.71 and its 200 day moving average price is $198.13.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data 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. The business had revenue of $50.80 billion for the quarter, compared to analysts’ expectations of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same quarter last year, the firm earned $4.37 earnings per share. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

Wall Street Analyst Weigh In

JPM has been the topic of several research analyst reports. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Oppenheimer boosted their price target on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Morgan Stanley boosted their target price on JPMorgan Chase & Co. from $221.00 to $226.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Finally, Piper Sandler raised their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $205.71.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 5,086 shares of the 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 transaction, the insider now directly owns 212,265 shares in the company, valued at approximately $42,355,358.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.79% of the stock is owned by company insiders.

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.