JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Lessened by Torray Investment Partners LLC

Torray Investment Partners LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 84,576 shares of the financial services provider’s stock after selling 7,971 shares during the quarter. JPMorgan Chase & Co. comprises about 2.6% of Torray Investment Partners LLC’s holdings, making the stock its 6th largest position. Torray Investment Partners LLC’s holdings in JPMorgan Chase & Co. were worth $17,106,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in JPM. Wellington Wealth Strategies LLC. purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $1,145,000. Cooper Financial Group boosted its holdings in JPMorgan Chase & Co. by 12.8% in the 1st quarter. Cooper Financial Group now owns 8,693 shares of the financial services provider’s stock valued at $1,741,000 after purchasing an additional 984 shares in the last quarter. Spartan Planning & Wealth Management boosted its holdings in JPMorgan Chase & Co. by 257.3% in the 4th quarter. Spartan Planning & Wealth Management now owns 3,780 shares of the financial services provider’s stock valued at $643,000 after purchasing an additional 2,722 shares in the last quarter. jvl associates llc boosted its holdings in JPMorgan Chase & Co. by 59.8% in the 1st quarter. jvl associates llc now owns 1,911 shares of the financial services provider’s stock valued at $383,000 after purchasing an additional 715 shares in the last quarter. Finally, MMA Asset Management LLC purchased a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $207,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Robert W. Baird lifted their price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, July 15th. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Finally, UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $211.06.

JPMorgan Chase & Co. Trading Down 0.3 %

Shares of JPMorgan Chase & Co. stock opened at $206.60 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $225.48. The company has a market capitalization of $593.29 billion, a P/E ratio of 11.52, a P/E/G ratio of 2.39 and a beta of 1.12. The business has a 50 day moving average price of $211.35 and a 200 day moving average price of $200.65.

JPMorgan Chase & Co. (NYSE:JPM) last issued 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. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The firm had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. During the same period in the previous year, the firm posted $4.37 EPS. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. 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.