The position of JPMorgan Chase & Co. (NYSE:JPM) was raised by Garrett Wealth Advisory Group LLC

Garrett Wealth Advisory Group LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 78.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,694 shares of the financial services provider’s stock after acquiring an additional 1,186 shares during the period. Garrett Wealth Advisory Group LLC’s holdings in JPMorgan Chase & Co. were worth $545,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Stone House Investment Management LLC increased its holdings in shares of JPMorgan Chase & Co. in the first quarter. by 132.8% in the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 89 shares during the last quarter. Retirement Group LLC grew its position in JPMorgan Chase & Co. by 227.1% in the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 109 shares during the period. Richardson Capital Management LLC acquired a new stake in JPMorgan Chase & Co. in the first quarter, valued at approximately $34,000. Bare Financial Services Inc acquired a new stake in JPMorgan Chase & Co. in the 4th quarter, valued at approximately $35,000. Finally, Partnership Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter, valued at approximately $36,000. Institutional investors own 71.55% of the company’s shares.

Insider buying and selling

In other news, insider Ashley Bacon sold 5,086 shares of the stock in a transaction on Monday, June 10th. The shares were 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 owns 212,265 shares in the company, valued at approximately $42,355,358.10. The sale was disclosed in a filing with the SEC, which is available at this link. 0.79% of shares are owned by company insiders.

The stock performance of JPMorgan Chase & Co

NYSE JPM traded up $0.65 during trading on Monday, reaching $214.62. The company’s stock had a trading volume of 630,308 shares, compared to its average volume of 9,167,082. JPMorgan Chase & Co. it has a 52-week low of $135.19 and a 52-week high of $217.56. The firm has a market cap of $616.32 billion, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12. The firm has a 50-day moving average price of $204.67 and a 200-day moving average price 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 Free Report ) last posted its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. In the same period last year, the company posted earnings per share of $4.37. Equities research analysts forecast that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

Analysts set new price targets

JPM has been the subject of several analyst reports. Barclays raised its price target on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. BMO Capital Markets raised their price target on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. StockNews.com updated JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Finally, Citigroup lifted its price target on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $205.71.

Get the latest stock report on JPMorgan Chase & Co.

Company Profile 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.

Recommended articles

Get news and ratings for JPMorgan Chase & Co. daily – Enter your email address below to receive a concise daily summary of the latest JPMorgan Chase & Co. news and analysts’ ratings. and companies associated with MarketBeat.com’s FREE daily email newsletter.