Jones Financial Companies Lllp increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.3% in the second quarter, Holdings Channel.com reports. The fund owned 130,351 shares of the financial services provider’s stock after buying an additional 4,201 shares during the quarter. Jones Financial Companies Lllp’s holdings in JPMorgan Chase & Co. were worth $14,574,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of JPM. Personal Wealth Partners bought a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at $28,000. Global Trust Asset Management LLC raised its position in JPMorgan Chase & Co. by 2,027.2% during the 2nd quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 5,068 shares in the last quarter. Smart Portfolios LLC raised its position in shares of JPMorgan Chase & Co. by 29.6% in the 4th quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 114 shares in the last quarter. Semmax Financial Advisors Inc. bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $56,000. Finally, Sound Income Strategies LLC raised its position in shares of JPMorgan Chase & Co. by 126.7% in the 2nd quarter. Sound Income Strategies LLC now owns 510 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 285 shares in the last quarter. 72.31% of the stock is owned by hedge funds and other institutional investors.
In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 18,200 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average cost of $109.91 per share, for a total transaction of $2,000,362.00. Following the purchase, the director now directly owns 7,804 shares in the company, valued at $857,737.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Peter Scher sold 10,816 shares of the business’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $115.00, for a total value of $1,243,840.00. The disclosure for this sale can be found here. 0.76% of the stock is owned by insiders.
Shares of JPM stock opened at $107.98 on Friday. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $119.24. The stock’s fifty day moving average price is $112.23 and its 200 day moving average price is $108.98. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 0.97. The company has a market cap of $343.12 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16.
JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The firm had revenue of $28.83 billion for the quarter, compared to the consensus estimate of $28.52 billion. During the same period in the previous year, the business earned $2.29 EPS. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 9.91 earnings per share for the current year.
Several research firms have recently commented on JPM. Goldman Sachs Group reissued a “neutral” rating and issued a $117.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. DZ Bank reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday. Wells Fargo & Co set a $125.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, August 16th. Royal Bank of Canada reissued a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 16th. Finally, Deutsche Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $121.94.
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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
Recommended Story: What defines an oversold asset?
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.