Slagle Financial LLC Has $3.74 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Slagle Financial LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 18,492 shares of the financial services provider’s stock after buying an additional 767 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.9% of Slagle Financial LLC’s portfolio, making the stock its 12th largest holding. Slagle Financial LLC’s holdings in JPMorgan Chase & Co. were worth $3,740,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. International Assets Investment Management LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $55,033,000. Tennessee Valley Asset Management Partners raised its position in shares of JPMorgan Chase & Co. by 2.3% in the fourth quarter. Tennessee Valley Asset Management Partners now owns 6,550 shares of the financial services provider’s stock valued at $1,114,000 after purchasing an additional 150 shares during the period. Smead Capital Management Inc. increased its position in JPMorgan Chase & Co. by 0.7% during the fourth quarter. Smead Capital Management Inc. now owns 1,391,211 shares of the financial services provider’s stock worth $236,645,000 after acquiring an additional 9,782 shares during the period. Cambridge Trust Co. increased its position in JPMorgan Chase & Co. by 0.6% during the fourth quarter. Cambridge Trust Co. now owns 310,562 shares of the financial services provider’s stock worth $52,827,000 after acquiring an additional 1,974 shares during the period. Finally, Ninety One SA PTY Ltd increased its position in JPMorgan Chase & Co. by 2.9% during the fourth quarter. Ninety One SA PTY Ltd now owns 167,364 shares of the financial services provider’s stock worth $28,469,000 after acquiring an additional 4,677 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.8 %

Shares of JPM stock traded up $1.68 on Friday, reaching $218.31. The company had a trading volume of 7,213,981 shares, compared to its average volume of 9,118,522. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. The stock has a market cap of $626.91 billion, a PE ratio of 12.17, a PEG ratio of 2.42 and a beta of 1.12. The company has a 50-day moving average of $206.81 and a 200-day moving average of $196.86. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $219.19.

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

Insider Activity

In related news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the transaction, the insider now directly owns 212,265 shares in the company, valued at approximately $42,355,358.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of research reports. Evercore ISI boosted their target price on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Piper Sandler boosted their target price on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Morgan Stanley lifted their price target on shares of JPMorgan Chase & Co. from $221.00 to $226.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 30th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 9th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $205.71.

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, 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.