Capital Market Strategies LLC Has $339,000 Stock Position in JPMorgan Chase & Co. $JPM

Capital Market Strategies LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 7.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,170 shares of the financial services provider’s stock after purchasing an additional 77 shares during the quarter. Capital Market Strategies LLC’s holdings in JPMorgan Chase & Co. were worth $339,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. HBW Advisory Services LLC raised its stake in JPMorgan Chase & Co. by 6.1% during the 2nd quarter. HBW Advisory Services LLC now owns 7,647 shares of the financial services provider’s stock worth $2,217,000 after buying an additional 441 shares during the period. Helen Stephens Group LLC raised its stake in JPMorgan Chase & Co. by 4.5% during the 2nd quarter. Helen Stephens Group LLC now owns 4,801 shares of the financial services provider’s stock worth $1,392,000 after buying an additional 205 shares during the period. First Financial Bank Trust Division raised its stake in JPMorgan Chase & Co. by 0.4% during the 2nd quarter. First Financial Bank Trust Division now owns 76,612 shares of the financial services provider’s stock worth $22,211,000 after buying an additional 336 shares during the period. LVM Capital Management Ltd. MI raised its stake in JPMorgan Chase & Co. by 3.8% during the 2nd quarter. LVM Capital Management Ltd. MI now owns 55,356 shares of the financial services provider’s stock worth $16,048,000 after buying an additional 2,003 shares during the period. Finally, Stonebridge Capital Management Inc. raised its stake in JPMorgan Chase & Co. by 120.0% during the 2nd quarter. Stonebridge Capital Management Inc. now owns 2,200 shares of the financial services provider’s stock worth $638,000 after buying an additional 1,200 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on JPM shares. Bank of America raised their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. TD Securities restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Citigroup set a $275.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Monday, July 7th. Cowen restated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Finally, Piper Sandler reissued an “overweight” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $291.67.

JPMorgan Chase & Co. Stock Performance

JPM opened at $306.88 on Friday. The business’s 50-day moving average price is $293.94 and its two-hundred day moving average price is $267.32. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $307.55. The company has a market capitalization of $843.84 billion, a price-to-earnings ratio of 15.75, a P/E/G ratio of 2.03 and a beta of 1.13. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88.

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

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director owned 82,207 shares in the company, valued at $24,492,753.58. This trade represents a 10.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is owned by 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.