JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Great Point Wealth Advisors LLC

Great Point Wealth Advisors LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,690 shares of the financial services provider’s stock after acquiring an additional 48 shares during the period. Great Point Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,151,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Lazard Freres Gestion S.A.S. grew its holdings in JPMorgan Chase & Co. by 13.2% in the second quarter. Lazard Freres Gestion S.A.S. now owns 2,187 shares of the financial services provider’s stock valued at $435,000 after purchasing an additional 255 shares during the period. Axim Planning & Wealth grew its holdings in JPMorgan Chase & Co. by 4.0% in the second quarter. Axim Planning & Wealth now owns 1,906 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 73 shares during the period. Riggs Asset Managment Co. Inc. grew its holdings in JPMorgan Chase & Co. by 124.1% in the second quarter. Riggs Asset Managment Co. Inc. now owns 1,311 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 726 shares during the period. Ridgewood Investments LLC acquired a new stake in JPMorgan Chase & Co. in the second quarter valued at approximately $88,000. Finally, Hosking Partners LLP grew its holdings in JPMorgan Chase & Co. by 6.3% in the second quarter. Hosking Partners LLP now owns 259,054 shares of the financial services provider’s stock valued at $52,396,000 after purchasing an additional 15,252 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction 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 completion of the sale, the insider now directly owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $224.80 on Friday. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.48. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The company has a market capitalization of $645.55 billion, a P/E ratio of 12.54, a P/E/G ratio of 2.42 and a beta of 1.12. The stock’s fifty day moving average is $209.28 and its two-hundred day moving average is $198.47.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS 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 company had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter in the previous year, the business earned $4.37 earnings per share. Equities analysts expect that JPMorgan Chase & Co. will post 16.78 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on JPM shares. UBS Group raised their price objective on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Keefe, Bruyette & Woods raised their target price 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. Royal Bank of Canada restated an “outperform” rating and issued a $211.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Finally, BMO Capital Markets raised their target price on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus 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.