Vest Financial LLC Buys 19,424 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Vest Financial LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 20.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 115,604 shares of the financial services provider’s stock after buying an additional 19,424 shares during the quarter. Vest Financial LLC’s holdings in JPMorgan Chase & Co. were worth $23,382,000 at the end of the most recent quarter.

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

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $209.50 on Wednesday. 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 $211.43 and its 200 day moving average is $201.36. The stock has a market cap of $601.61 billion, a price-to-earnings ratio of 11.68, a PEG ratio of 2.33 and a beta of 1.12. 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. (NYSE:JPM) last issued its earnings results 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 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 quarter in the prior year, the firm posted $4.37 earnings per share. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on JPM. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. 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 research report on Monday, July 15th. Citigroup boosted their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Piper Sandler raised their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $211.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Eight research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.