52,056 Shares in JPMorgan Chase & Co. (NYSE:JPM) Bought by Greenwood Gearhart Inc.

Share on StockTwits

Greenwood Gearhart Inc. purchased a new position in JPMorgan Chase & Co. (NYSE:JPM) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 52,056 shares of the financial services provider’s stock, valued at approximately $4,896,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JPM. Atlas Private Wealth Management increased its holdings in shares of JPMorgan Chase & Co. by 0.7% during the 2nd quarter. Atlas Private Wealth Management now owns 16,114 shares of the financial services provider’s stock valued at $1,516,000 after acquiring an additional 106 shares during the last quarter. Bay Harbor Wealth Management LLC raised its position in JPMorgan Chase & Co. by 18.3% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 692 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 107 shares during the last quarter. Capital Analysts LLC raised its position in JPMorgan Chase & Co. by 0.3% in the 2nd quarter. Capital Analysts LLC now owns 31,390 shares of the financial services provider’s stock valued at $2,953,000 after purchasing an additional 107 shares during the last quarter. Emerald Advisers LLC raised its position in JPMorgan Chase & Co. by 2.3% in the 1st quarter. Emerald Advisers LLC now owns 4,907 shares of the financial services provider’s stock valued at $442,000 after purchasing an additional 108 shares during the last quarter. Finally, Spotlight Asset Group Inc. raised its position in JPMorgan Chase & Co. by 2.5% in the 2nd quarter. Spotlight Asset Group Inc. now owns 4,453 shares of the financial services provider’s stock valued at $419,000 after purchasing an additional 108 shares during the last quarter. 71.35% of the stock is owned by institutional investors.

A number of research firms have recently weighed in on JPM. BMO Capital Markets boosted their target price on JPMorgan Chase & Co. from $108.00 to $119.00 in a research report on Wednesday, July 15th. Berenberg Bank boosted their target price on JPMorgan Chase & Co. from $77.00 to $80.00 and gave the stock a “sell” rating in a research report on Monday, July 20th. UBS Group boosted their target price on JPMorgan Chase & Co. from $82.00 to $96.00 and gave the stock a “neutral” rating in a research report on Monday, May 4th. Oppenheimer restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Finally, Goldman Sachs Group upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Friday, July 24th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $110.89.

In other news, CEO Mary E. Erdoes sold 24,554 shares of the business’s stock in a transaction dated Wednesday, July 15th. The stock was sold at an average price of $99.52, for a total value of $2,443,614.08. Insiders own 0.78% of the company’s stock.

NYSE:JPM traded down $0.03 on Friday, reaching $97.34. The company’s stock had a trading volume of 282,124 shares, compared to its average volume of 14,579,526. JPMorgan Chase & Co. has a 1-year low of $76.91 and a 1-year high of $141.10. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $300.34 billion, a PE ratio of 13.14, a PEG ratio of 3.31 and a beta of 1.18. The business’s 50-day moving average price is $97.67 and its two-hundred day moving average price is $101.82.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.04. The firm had revenue of $32.98 billion during the quarter, compared to analysts’ expectations of $30.23 billion. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The company’s revenue was up 14.7% on a year-over-year basis. During the same period in the previous year, the firm earned $2.82 earnings per share. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 5.96 EPS for the current year.

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.

Featured Article: What is the 52-week high/low?

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).

Institutional Ownership by Quarter 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.

Leave a Reply