Main Street Research LLC Has $41.37 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Main Street Research LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 5.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 204,552 shares of the financial services provider’s stock after purchasing an additional 10,769 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.7% of Main Street Research LLC’s holdings, making the stock its 13th largest holding. Main Street Research LLC’s holdings in JPMorgan Chase & Co. were worth $41,373,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GUNN & Co INVESTMENT MANAGEMENT INC. grew its holdings in JPMorgan Chase & Co. by 1,202.2% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 386,259 shares of the financial services provider’s stock valued at $65,703,000 after purchasing an additional 356,596 shares during the period. Legacy Capital Wealth Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 5.8% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 6,219 shares of the financial services provider’s stock valued at $1,058,000 after buying an additional 340 shares during the period. Convergence Investment Partners LLC increased its position in shares of JPMorgan Chase & Co. by 0.8% in the 4th quarter. Convergence Investment Partners LLC now owns 22,631 shares of the financial services provider’s stock valued at $3,850,000 after buying an additional 181 shares in the last quarter. HHM Wealth Advisors LLC raised its stake in JPMorgan Chase & Co. by 3.6% during the 4th quarter. HHM Wealth Advisors LLC now owns 6,482 shares of the financial services provider’s stock worth $1,103,000 after buying an additional 223 shares during the period. Finally, Magnus Financial Group LLC lifted its holdings in JPMorgan Chase & Co. by 3.5% during the fourth quarter. Magnus Financial Group LLC now owns 46,011 shares of the financial services provider’s stock worth $7,826,000 after acquiring an additional 1,537 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Ashley Bacon sold 5,086 shares of the business’s 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 in the company, valued at approximately $42,355,358.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.2 %

NYSE JPM opened at $224.80 on Monday. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $225.48. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The stock has a 50 day moving average of $209.28 and a 200-day moving average of $198.79. The company has a market cap of $645.55 billion, a PE ratio of 12.54, a PEG ratio of 2.62 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly 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 net margin of 20.32% and a return on equity of 17.26%. The firm had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. During the same quarter last year, the company posted $4.37 earnings per share. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on JPM shares. Morgan Stanley raised their price target 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. Oppenheimer raised their target price on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Tuesday, July 9th. Jefferies Financial Group raised their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Finally, BMO Capital Markets upped their target price on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $205.71.

JPMorgan Chase & Co. Company Profile

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.