Chapin Davis Inc. has $6.53M position in JPMorgan Chase & Co. (NYSE:JPM)

VaselineAugust 19, 2024

0 4 minutes read

Chapin Davis Inc. increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,290 shares of the financial services provider’s stock after purchasing an additional 455 shares during the quarter. JPMorgan Chase & Co. makes up about 2.2% of Chapin Davis Inc.’s investment portfolio, making the stock its 8th largest holding. Holdings held by Chapin Davis Inc. in JPMorgan Chase & Co. were worth $6,531,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Wellington Wealth Strategies LLC. bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth approximately $1,145,000. Cooper Financial Group raised its holdings in shares of JPMorgan Chase & Co. by 12.8% in the first quarter. Cooper Financial Group now owns 8,693 shares of the financial services provider’s stock worth $1,741,000 after acquiring an additional 984 shares in the last quarter. Spartan Planning & Wealth Management increased its holdings in shares of JPMorgan Chase & Co. in the first quarter. by 257.3% in the fourth quarter. Spartan Planning & Wealth Management now owns 3,780 shares of the financial services provider’s stock worth $643,000 after acquiring an additional 2,722 shares in the last quarter. jvl associates llc increased its position in shares of JPMorgan Chase & Co. by 59.8% in the first quarter. jvl associates llc now owns 1,911 shares of the financial services provider’s stock worth $383,000 after purchasing an additional 715 shares during the period. Finally, MMA Asset Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $207,000. 71.55% of shares are currently owned by institutional investors.

The Wall Street analyst weighs in

Several research analysts recently weighed in on the company. Robert W. Baird increased their price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Jefferies Financial Group raised their price objective on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Citigroup raised its price objective on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Evercore ISI raised their price objective on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $211.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $205.71.

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The stock performance of JPMorgan Chase & Co

JPM opened at $214.13 on Monday. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $217.56. The stock has a market cap of $614.91 billion, a price-to-earnings ratio of 11.93, a PEG ratio of 2.42 and a beta of 1.12. The company has a 50-day moving average of $204.67 and a 200-day moving average of $195.71. The company has a quick ratio of 0.92, a current ratio of 0.91, and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM – Get Your Free Report ) last released its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. During the same period last year, the firm posted earnings per share of $4.37. On average, equities research analysts expect that JPMorgan Chase & Co. to post 16.78 earnings per share for the current year.

Indoor activity

In other news, insider Ashley Bacon sold 5,086 shares of the company’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 sale, the insider now directly owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The transaction was disclosed in a legal filing with the SEC, which is accessible via this link. Insiders own 0.79% of the company’s shares.

About JPMorgan Chase & Co.

(Free report)

JPMorgan Chase & Co. operates as a global financial services company. 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, leasing and travel services for consumers and small businesses through bank branches, ATMs and digital and phone banking.