Blue Square Asset Management LLC Has $2.30 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Blue Square Asset Management LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,363 shares of the financial services provider’s stock after purchasing an additional 267 shares during the period. JPMorgan Chase & Co. accounts for about 1.3% of Blue Square Asset Management LLC’s investment portfolio, making the stock its 26th biggest holding. Blue Square Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,298,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of JPM. Norges Bank bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at about $6,016,878,000. Swedbank AB acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $800,130,000. Capital Research Global Investors raised its stake in shares of JPMorgan Chase & Co. by 23.3% in the 1st quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider’s stock valued at $3,445,185,000 after acquiring an additional 3,252,451 shares in the last quarter. Capital International Investors lifted its holdings in JPMorgan Chase & Co. by 5.4% in the 4th quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock worth $7,062,094,000 after purchasing an additional 2,128,478 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its position in JPMorgan Chase & Co. by 3,836.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,518,969 shares of the financial services provider’s stock worth $258,377,000 after purchasing an additional 1,480,379 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on JPM shares. 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. Jefferies Financial Group lifted their target price 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. Oppenheimer upped their price target on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a report on Monday, July 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $211.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Finally, Robert W. Baird boosted their price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research 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 data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $211.06.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $204.32 on Monday. The firm has a market cap of $586.74 billion, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 2.33 and a beta of 1.12. The firm’s 50-day simple moving average is $211.34 and its 200-day simple moving average is $201.04. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $225.48. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share 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 period in the previous year, the business earned $4.37 earnings per share. As a group, research analysts expect that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

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.