Waverton Investment Management Ltd Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Waverton Investment Management Ltd raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 5.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 323,458 shares of the financial services provider’s stock after purchasing an additional 15,956 shares during the quarter. JPMorgan Chase & Co. accounts for 1.2% of Waverton Investment Management Ltd’s holdings, making the stock its 25th largest holding. Waverton Investment Management Ltd’s holdings in JPMorgan Chase & Co. were worth $65,463,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of JPM. Gilbert & Cook Inc. increased its stake in JPMorgan Chase & Co. by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 11,360 shares of the financial services provider’s stock worth $1,932,000 after purchasing an additional 164 shares during the period. Aveo Capital Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 13.0% in the fourth quarter. Aveo Capital Partners LLC now owns 5,151 shares of the financial services provider’s stock valued at $876,000 after purchasing an additional 591 shares in the last quarter. Gryphon Financial Partners LLC increased its stake in JPMorgan Chase & Co. by 66.9% during the 4th quarter. Gryphon Financial Partners LLC now owns 25,004 shares of the financial services provider’s stock worth $4,238,000 after buying an additional 10,025 shares during the period. Pioneer Trust Bank N A OR lifted its holdings in JPMorgan Chase & Co. by 3.4% during the 4th quarter. Pioneer Trust Bank N A OR now owns 55,996 shares of the financial services provider’s stock worth $9,525,000 after buying an additional 1,856 shares in the last quarter. Finally, Catalyst Financial Partners LLC boosted its position in JPMorgan Chase & Co. by 0.9% in the 4th quarter. Catalyst Financial Partners LLC now owns 15,378 shares of the financial services provider’s stock valued at $2,616,000 after buying an additional 137 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 5.2 %

Shares of JPM stock opened at $205.56 on Wednesday. The business’s fifty day moving average price is $211.41 and its 200 day moving average price is $200.56. The firm has a market capitalization of $590.30 billion, a PE ratio of 11.46, a P/E/G ratio of 2.39 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. has a 1-year low of $135.19 and a 1-year high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping 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 analysts’ expectations of $42.23 billion. During the same period in the prior year, the company posted $4.37 EPS. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Robert W. Baird upped 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. Oppenheimer increased their price target on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. 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 report on Monday, July 15th. Royal Bank of Canada restated an “outperform” rating and set a $211.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Finally, Jefferies Financial Group increased their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $211.44.

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.