JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by BigSur Wealth Management LLC

BigSur Wealth Management LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 10.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,283 shares of the financial services provider’s stock after buying an additional 3,149 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.1% of BigSur Wealth Management LLC’s holdings, making the stock its 10th largest position. BigSur Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $6,732,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of JPM. Mayfair Advisory Group LLC raised its stake in JPMorgan Chase & Co. by 12.1% during the 2nd quarter. Mayfair Advisory Group LLC now owns 3,547 shares of the financial services provider’s stock valued at $727,000 after purchasing an additional 384 shares during the last quarter. West Coast Financial LLC acquired a new position in JPMorgan Chase & Co. during the 2nd quarter valued at $200,000. Cidel Asset Management Inc. raised its stake in JPMorgan Chase & Co. by 264.4% during the 2nd quarter. Cidel Asset Management Inc. now owns 98,245 shares of the financial services provider’s stock valued at $19,871,000 after purchasing an additional 71,286 shares during the last quarter. SeaCrest Wealth Management LLC raised its stake in JPMorgan Chase & Co. by 1.5% during the 2nd quarter. SeaCrest Wealth Management LLC now owns 27,201 shares of the financial services provider’s stock valued at $5,502,000 after purchasing an additional 392 shares during the last quarter. Finally, Sunpointe LLC raised its stake in JPMorgan Chase & Co. by 2.6% during the 2nd quarter. Sunpointe LLC now owns 7,369 shares of the financial services provider’s stock valued at $1,490,000 after purchasing an additional 188 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 0.3 %

Shares of NYSE:JPM traded down $0.54 during mid-day trading on Wednesday, reaching $213.98. The stock had a trading volume of 1,643,064 shares, compared to its average volume of 9,132,358. The firm has a market cap of $614.48 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12. The firm has a 50 day simple moving average of $205.39 and a two-hundred day simple moving average of $196.28. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $217.56.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The business had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same period last year, the company posted $4.37 EPS. On average, research analysts predict that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Oppenheimer increased their price objective on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Tuesday, July 9th. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Evercore ISI upped their target price on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, UBS Group upped their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.71.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the sale, the insider now directly owns 212,265 shares in the company, valued at approximately $42,355,358.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.79% of the company’s stock.

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, 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.