Nelson Capital Management LLC Has $8.98 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Nelson Capital Management LLC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 44,390 shares of the financial services provider’s stock after selling 248 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.6% of Nelson Capital Management LLC’s investment portfolio, making the stock its 15th biggest position. Nelson Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $8,978,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of JPM. Norges Bank bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $6,016,878,000. Swedbank AB bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at $800,130,000. Capital Research Global Investors lifted 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 during the last quarter. Capital International Investors lifted its stake in shares of 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 valued at $7,062,094,000 after acquiring an additional 2,128,478 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its stake in shares of JPMorgan Chase & Co. by 3,836.2% in the 4th 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 during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $235.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $211.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Wolfe Research lowered JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Piper Sandler raised their target price on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Finally, Jefferies Financial Group raised their target price on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock 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 company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $211.06.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $209.50 on Wednesday. The company has a market cap of $601.61 billion, a P/E ratio of 11.68, a PEG ratio of 2.33 and a beta of 1.12. The company has a fifty day simple moving average of $211.43 and a 200 day simple moving average of $201.36. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data 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 firm had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. During the same period last year, the company earned $4.37 earnings per share. Sell-side analysts predict that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

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.