JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Private Wealth Strategies L.L.C.

Private Wealth Strategies L.L.C. raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,731 shares of the financial services provider’s stock after purchasing an additional 286 shares during the period. JPMorgan Chase & Co. accounts for 0.2% of Private Wealth Strategies L.L.C.’s portfolio, making the stock its 29th largest position. Private Wealth Strategies L.L.C.’s holdings in JPMorgan Chase & Co. were worth $957,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the stock. Wellington Wealth Strategies LLC. purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $1,145,000. Cooper Financial Group raised its holdings in shares of 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 worth $1,741,000 after purchasing an additional 984 shares during the period. Spartan Planning & Wealth Management lifted its stake in shares of 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 lifted its stake in shares of 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 shares of JPMorgan Chase & Co. during the 4th quarter worth about $207,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $212.46 on Friday. The firm has a market cap of $610.11 billion, a price-to-earnings ratio of 11.85, a PEG ratio of 2.62 and a beta of 1.12. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The business’s 50 day moving average is $211.25 and its two-hundred day moving average is $200.04. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $225.48.

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, beating 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 business had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. During the same quarter in the prior year, the business posted $4.37 EPS. Analysts forecast that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on JPM shares. Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Wells Fargo & Company lifted their target price on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, July 15th. BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Barclays boosted their price objective on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Finally, Jefferies Financial Group increased their target price on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $211.44.

Insider Activity

In related news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the sale, the insider now directly owns 212,265 shares of the company’s stock, valued at approximately $42,355,358.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company 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.