Capital Management Associates NY Has $2.65 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Capital Management Associates NY increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 22.7% during the 2nd quarter, Holdings Channel reports. The firm owned 13,093 shares of the financial services provider’s stock after acquiring an additional 2,422 shares during the period. JPMorgan Chase & Co. comprises 3.1% of Capital Management Associates NY’s investment portfolio, making the stock its 7th biggest position. Capital Management Associates NY’s holdings in JPMorgan Chase & Co. were worth $2,648,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Norges Bank purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth approximately $6,016,878,000. Swedbank AB bought a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $800,130,000. Capital Research Global Investors lifted its holdings in shares of JPMorgan Chase & Co. by 23.3% in the first quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider’s stock worth $3,445,185,000 after buying an additional 3,252,451 shares in the last quarter. Capital International Investors boosted its position in shares of JPMorgan Chase & Co. by 5.4% during the fourth quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock worth $7,062,094,000 after acquiring an additional 2,128,478 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its stake 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 valued at $258,377,000 after acquiring an additional 1,480,379 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $207.86 on Tuesday. The firm’s 50 day simple moving average is $211.40 and its 200-day simple moving average is $201.19. 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. has a one year low of $135.19 and a one year high of $225.48. The firm has a market cap of $596.90 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 2.33 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results 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 business had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. During the same period in the previous year, the company posted $4.37 EPS. As a group, equities analysts predict that JPMorgan Chase & Co. will post 16.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on JPM. Morgan Stanley cut their price objective on JPMorgan Chase & Co. from $226.00 to $220.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. Evercore ISI lifted their price objective on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. 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 report on Wednesday, July 3rd. UBS Group boosted their price target on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Finally, BMO Capital Markets increased their price objective on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $211.06.

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.