JPMorgan Chase & Co. $JPM Shares Bought by Advisors Capital Management LLC

Advisors Capital Management LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 444,671 shares of the financial services provider’s stock after purchasing an additional 2,647 shares during the period. JPMorgan Chase & Co. makes up 1.7% of Advisors Capital Management LLC’s holdings, making the stock its 6th biggest holding. Advisors Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $109,078,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. SWS Partners increased its position in shares of JPMorgan Chase & Co. by 2.4% in the first quarter. SWS Partners now owns 14,648 shares of the financial services provider’s stock worth $3,593,000 after purchasing an additional 346 shares during the period. Triune Financial Partners LLC increased its position in shares of JPMorgan Chase & Co. by 17.3% in the first quarter. Triune Financial Partners LLC now owns 1,985 shares of the financial services provider’s stock worth $487,000 after purchasing an additional 293 shares during the period. Rollins Financial Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 36.9% in the first quarter. Rollins Financial Advisors LLC now owns 41,991 shares of the financial services provider’s stock worth $10,300,000 after purchasing an additional 11,325 shares during the period. Mattson Financial Services LLC increased its position in shares of JPMorgan Chase & Co. by 4.5% in the first quarter. Mattson Financial Services LLC now owns 17,190 shares of the financial services provider’s stock worth $4,217,000 after purchasing an additional 739 shares during the period. Finally, BOS Asset Management LLC increased its position in shares of JPMorgan Chase & Co. by 10.1% in the first quarter. BOS Asset Management LLC now owns 12,908 shares of the financial services provider’s stock worth $3,166,000 after purchasing an additional 1,182 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $300.71 on Thursday. The business’s 50-day moving average price is $293.54 and its 200-day moving average price is $266.68. JPMorgan Chase & Co. has a 12 month low of $201.83 and a 12 month high of $305.15. The firm has a market capitalization of $826.89 billion, a price-to-earnings ratio of 15.43, a PEG ratio of 1.98 and a beta of 1.13. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating analysts’ consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. During the same period last year, the firm posted $6.12 earnings per share. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods raised their price target on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. Phillip Securities cut JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 16th. Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 target price on the stock. in a research report on Friday, June 27th. Truist Financial lifted their target price on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a “hold” rating in a research report on Wednesday, July 9th. Finally, Evercore ISI set a $298.00 target price on JPMorgan Chase & Co. and gave the company an “outperform” rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $291.67.

Insider Activity at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, the director directly owned 82,207 shares of the company’s stock, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.