Chris Bulman Inc Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Chris Bulman Inc purchased a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) in the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 682 shares of the financial services provider’s stock, valued at approximately $138,000.

Several other institutional investors have also made changes to their positions in JPM. Instrumental Wealth LLC raised its stake in shares of JPMorgan Chase & Co. by 4.5% in the second quarter. Instrumental Wealth LLC now owns 1,101 shares of the financial services provider’s stock valued at $230,000 after purchasing an additional 47 shares in the last quarter. Gemmer Asset Management LLC increased its holdings in JPMorgan Chase & Co. by 1.6% in the 2nd quarter. Gemmer Asset Management LLC now owns 3,135 shares of the financial services provider’s stock valued at $634,000 after buying an additional 48 shares during the period. Great Point Wealth Advisors LLC increased its holdings in JPMorgan Chase & Co. by 0.9% in the 2nd quarter. Great Point Wealth Advisors LLC now owns 5,690 shares of the financial services provider’s stock valued at $1,151,000 after buying an additional 48 shares during the period. Northside Capital Management LLC raised its stake in shares of JPMorgan Chase & Co. by 0.7% in the 2nd quarter. Northside Capital Management LLC now owns 6,750 shares of the financial services provider’s stock valued at $1,365,000 after buying an additional 50 shares in the last quarter. Finally, Highland Financial Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 0.7% during the 2nd quarter. Highland Financial Advisors LLC now owns 7,056 shares of the financial services provider’s stock worth $1,427,000 after acquiring an additional 50 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $206.60 on Friday. 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 is $211.35 and its 200-day moving average is $200.65. The firm has a market capitalization of $593.29 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 2.39 and a beta of 1.12. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping 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 company had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. During the same period in the prior year, the business earned $4.37 earnings per share. Sell-side analysts forecast that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on JPM shares. Robert W. Baird lifted their target price on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research report on Tuesday, May 21st. Oppenheimer lifted their target price 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. Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. BMO Capital Markets lifted their target price on shares of 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. Finally, Morgan Stanley decreased their target price on shares of JPMorgan Chase & Co. from $226.00 to $220.00 and set an “overweight” rating on the stock in a research report on Thursday. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $211.06.

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.