JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by FAI Wealth Management

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FAI Wealth Management boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 317.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 417 shares of the financial services provider’s stock after buying an additional 317 shares during the period. FAI Wealth Management’s holdings in JPMorgan Chase & Co. were worth $39,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Atlas Private Wealth Management grew its stake in JPMorgan Chase & Co. by 0.7% in the second 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 period. Bay Harbor Wealth Management LLC boosted its position in shares of JPMorgan Chase & Co. by 18.3% during the second quarter. Bay Harbor Wealth Management LLC now owns 692 shares of the financial services provider’s stock worth $65,000 after buying an additional 107 shares during the period. Capital Analysts LLC boosted its position in shares of JPMorgan Chase & Co. by 0.3% during the second quarter. Capital Analysts LLC now owns 31,390 shares of the financial services provider’s stock worth $2,953,000 after buying an additional 107 shares during the period. Emerald Advisers LLC boosted its position in shares of JPMorgan Chase & Co. by 2.3% during the first quarter. Emerald Advisers LLC now owns 4,907 shares of the financial services provider’s stock worth $442,000 after buying an additional 108 shares during the period. Finally, Spotlight Asset Group Inc. boosted its position in shares of JPMorgan Chase & Co. by 2.5% during the second quarter. Spotlight Asset Group Inc. now owns 4,453 shares of the financial services provider’s stock worth $419,000 after buying an additional 108 shares during the period. 71.35% of the stock is currently owned by hedge funds and other institutional investors.

Several research analysts have recently weighed in on the company. UBS Group upped their price objective 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. BMO Capital Markets upped their price objective on JPMorgan Chase & Co. from $108.00 to $119.00 in a research report on Wednesday, July 15th. Goldman Sachs Group upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a report on Friday, July 24th. Morgan Stanley reiterated a “buy” rating and set a $106.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 27th. Finally, Atlantic Securities upgraded JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $120.00 target price on the stock in a report on Wednesday, July 22nd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $110.89.

In related news, CEO Mary E. Erdoes sold 24,554 shares of the stock in a transaction that occurred on Wednesday, July 15th. The stock was sold at an average price of $99.52, for a total transaction of $2,443,614.08. Corporate insiders own 0.78% of the company’s stock.

Shares of NYSE JPM traded down $0.03 during trading hours on Friday, reaching $97.34. 282,124 shares of the stock were exchanged, compared to its average volume of 14,579,526. The firm has a market capitalization of $300.34 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 3.31 and a beta of 1.18. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a 52 week low of $76.91 and a 52 week high of $141.10. The stock’s fifty day simple moving average is $97.67 and its 200 day simple moving average is $101.82.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.04. The company had revenue of $32.98 billion for the quarter, compared to analyst estimates of $30.23 billion. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.82 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 5.96 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 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.

Read More: What is a Leveraged Buyout (LBO)?

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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