JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Custom Index Systems LLC

Custom Index Systems LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 22.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,200 shares of the financial services provider’s stock after acquiring an additional 762 shares during the quarter. Custom Index Systems LLC’s holdings in JPMorgan Chase & Co. were worth $849,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in JPM. Retirement Group LLC lifted its position in shares of JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 109 shares in the last quarter. Richardson Capital Management LLC acquired a new position in JPMorgan Chase & Co. in the 1st quarter worth $34,000. Anfield Capital Management LLC purchased a new position in JPMorgan Chase & Co. in the 2nd quarter valued at about $34,000. Davidson Capital Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at about $37,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter worth about $40,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $204.32 on Friday. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $225.48. The stock has a market capitalization of $581.33 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 2.33 and a beta of 1.12. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s fifty day moving average is $211.34 and its two-hundred day moving average is $200.80.

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 for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $42.23 billion. During the same period last year, the firm posted $4.37 EPS. On average, research analysts predict that JPMorgan Chase & Co. will post 16.78 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on JPM shares. Keefe, Bruyette & Woods increased their price target on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Tuesday, July 9th. Oppenheimer increased their target price on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Barclays increased their price objective on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Finally, UBS Group raised their price objective on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.06.

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.