HBW Advisory Services LLC Boosts Holdings in JPMorgan Chase & Co. $JPM

HBW Advisory Services LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.1% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 7,647 shares of the financial services provider’s stock after buying an additional 441 shares during the quarter. HBW Advisory Services LLC’s holdings in JPMorgan Chase & Co. were worth $2,217,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of JPM. Brighton Jones LLC boosted its stake in JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after buying an additional 4,841 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in JPMorgan Chase & Co. by 0.6% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider’s stock worth $46,068,000 after buying an additional 1,229 shares during the period. Highview Capital Management LLC DE boosted its stake in JPMorgan Chase & Co. by 16.1% during the fourth quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider’s stock worth $3,266,000 after buying an additional 1,893 shares during the period. Redwood Investment Management LLC boosted its stake in JPMorgan Chase & Co. by 28.3% during the fourth quarter. Redwood Investment Management LLC now owns 5,092 shares of the financial services provider’s stock worth $1,221,000 after buying an additional 1,123 shares during the period. Finally, Silvercrest Asset Management Group LLC boosted its stake in shares of JPMorgan Chase & Co. by 40.2% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 262,648 shares of the financial services provider’s stock valued at $62,959,000 after purchasing an additional 75,356 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Linda Bammann sold 9,500 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the completion of the sale, the director directly owned 82,207 shares of the company’s stock, valued at $24,492,753.58. This represents 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 company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Hsbc Global Res lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. Piper Sandler reissued an “overweight” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Bank of America boosted their target price on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a “buy” rating in a research note on Wednesday, July 16th. Finally, Zacks Research lowered shares of JPMorgan Chase & Co. from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $291.67.

JPMorgan Chase & Co. Stock Up 0.4%

NYSE:JPM opened at $306.88 on Friday. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $307.55. The company has a 50-day moving average of $293.94 and a 200 day moving average of $267.32. The firm has a market cap of $843.84 billion, a PE ratio of 15.75, a price-to-earnings-growth 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 data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping analysts’ consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same period in the prior year, the firm earned $6.12 earnings per share. The firm’s revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

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.