Wealth Alliance Advisory Group LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 21.9% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,710 shares of the financial services provider’s stock after purchasing an additional 1,926 shares during the period. Wealth Alliance Advisory Group LLC’s holdings in JPMorgan Chase & Co. were worth $1,206,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of the company. Dravo Bay LLC acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at $26,000. Advanced Research Investment Solutions LLC boosted its holdings in shares of JPMorgan Chase & Co. by 118.2% in the 1st quarter. Advanced Research Investment Solutions LLC now owns 288 shares of the financial services provider’s stock valued at $39,000 after buying an additional 156 shares in the last quarter. Swaine & Leidel Wealth Services LLC acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at $44,000. Landmark Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at $46,000. Finally, Cordant Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at $47,000. 68.57% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research analysts have recently issued reports on JPM shares. Citigroup upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and lowered their target price for the company from $145.00 to $135.00 in a report on Tuesday, July 12th. Berenberg Bank upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price target for the company in a research note on Monday, July 18th. Morgan Stanley decreased their price target on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a research note on Tuesday, July 12th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $148.00 price target (up previously from $142.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 24th. Finally, UBS Group cut their price objective on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating for the company in a research report on Friday, July 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $145.95.
JPMorgan Chase & Co. Price Performance
Shares of NYSE:JPM opened at $117.08 on Monday. The business’s fifty day moving average price is $115.85 and its two-hundred day moving average price is $122.63. The stock has a market cap of $343.35 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 2.07 and a beta of 1.10. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.83 and a current ratio of 0.83. JPMorgan Chase & Co. has a one year low of $106.06 and a one year high of $172.96.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its earnings results on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, meeting analysts’ consensus estimates of $2.76. The firm had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. JPMorgan Chase & Co.’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.78 EPS. On average, analysts forecast that JPMorgan Chase & Co. will post 11.32 EPS for the current fiscal year.
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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.
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