RBA Wealth Management LLC Has $3.49 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

RBA Wealth Management LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 6.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,986 shares of the financial services provider’s stock after buying an additional 1,757 shares during the period. JPMorgan Chase & Co. comprises approximately 1.9% of RBA Wealth Management LLC’s portfolio, making the stock its 21st biggest position. RBA Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $3,489,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of JPM. FineMark National Bank & Trust boosted its position in JPMorgan Chase & Co. by 1.3% during the fourth quarter. FineMark National Bank & Trust now owns 181,922 shares of the financial services provider’s stock valued at $28,807,000 after purchasing an additional 2,403 shares during the last quarter. Fullerton Fund Management Co Ltd. acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at $57,859,000. Schroder Investment Management Group boosted its position in JPMorgan Chase & Co. by 21.4% during the fourth quarter. Schroder Investment Management Group now owns 5,393,466 shares of the financial services provider’s stock valued at $854,055,000 after purchasing an additional 952,346 shares during the last quarter. GHP Investment Advisors Inc. boosted its position in JPMorgan Chase & Co. by 2.9% during the fourth quarter. GHP Investment Advisors Inc. now owns 73,264 shares of the financial services provider’s stock valued at $11,601,000 after purchasing an additional 2,080 shares during the last quarter. Finally, Quilter Plc boosted its position in JPMorgan Chase & Co. by 12.2% during the fourth quarter. Quilter Plc now owns 706,891 shares of the financial services provider’s stock valued at $114,304,000 after purchasing an additional 77,096 shares during the last quarter. Institutional investors and hedge funds own 68.57% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.7 %

Shares of JPM opened at $117.08 on Monday. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $343.35 billion, a price-to-earnings ratio of 9.40, a P/E/G ratio of 2.07 and a beta of 1.10. The stock’s 50-day moving average price is $115.85 and its 200 day moving average price is $122.63.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.76. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The firm had revenue of $30.72 billion for the quarter, compared to analyst estimates of $31.82 billion. During the same period in the previous year, the company posted $3.78 earnings per share. The company’s quarterly revenue was up .8% compared to the same quarter last year. As a group, research analysts predict that JPMorgan Chase & Co. will post 11.32 earnings per share for the current year.

Analyst Ratings Changes

JPM has been the subject of a number of research reports. Royal Bank of Canada set a $130.00 price objective on JPMorgan Chase & Co. in a research report on Tuesday, September 6th. BMO Capital Markets raised their target price on JPMorgan Chase & Co. from $150.00 to $156.00 in a report on Tuesday, May 24th. Berenberg Bank upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 target price on the stock in a report on Monday, July 18th. Evercore ISI cut their target price on JPMorgan Chase & Co. from $135.00 to $125.00 in a report on Friday, July 15th. Finally, Credit Suisse Group set a $145.00 target price on JPMorgan Chase & Co. in a report on Monday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $145.95.

JPMorgan Chase & Co. Profile

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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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

See Also

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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