JPMorgan Chase & Co. (NYSE:JPM) is Peterson Wealth Services’ 6th Largest Position

Peterson Wealth Services raised its stake in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 8.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,118 shares of the financial services provider’s stock after purchasing an additional 2,947 shares during the period. JPMorgan Chase & Co. comprises 2.9% of Peterson Wealth Services’ investment portfolio, making the stock its 6th biggest position. Peterson Wealth Services’ holdings in JPMorgan Chase & Co. were worth $4,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of JPM. Hilltop Holdings Inc. raised its position in JPMorgan Chase & Co. by 9.5% in the 4th quarter. Hilltop Holdings Inc. now owns 27,305 shares of the financial services provider’s stock valued at $4,324,000 after purchasing an additional 2,372 shares in the last quarter. OPTIMAS CAPITAL Ltd acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $1,849,000. Fiduciary Trust Co. raised its position in shares of JPMorgan Chase & Co. by 0.3% during the 4th quarter. Fiduciary Trust Co. now owns 321,799 shares of the financial services provider’s stock worth $50,957,000 after acquiring an additional 995 shares in the last quarter. Siemens Fonds Invest GmbH raised its position in shares of JPMorgan Chase & Co. by 1.8% during the 4th quarter. Siemens Fonds Invest GmbH now owns 78,625 shares of the financial services provider’s stock worth $12,460,000 after acquiring an additional 1,371 shares in the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its position in shares of JPMorgan Chase & Co. by 1.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,278 shares of the financial services provider’s stock worth $1,628,000 after acquiring an additional 140 shares in the last quarter. Institutional investors and hedge funds own 68.57% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on JPM. Jefferies Financial Group set a $117.00 target price on JPMorgan Chase & Co. in a research report on Monday, September 12th. Piper Sandler cut their target price on JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating on the stock in a research report on Friday, July 1st. Citigroup raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and cut their target price for the stock from $145.00 to $135.00 in a research report on Tuesday, July 12th. Deutsche Bank Aktiengesellschaft cut their target price on JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, September 12th. Finally, Barclays set a $200.00 target price on JPMorgan Chase & Co. in a research report on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Hold” and an average target price of $145.95.

JPMorgan Chase & Co. Trading Up 0.9 %

Shares of JPM stock opened at $118.16 on Tuesday. The business’s 50 day moving average is $115.85 and its two-hundred day moving average is $122.52. JPMorgan Chase & Co. has a twelve month low of $106.06 and a twelve month high of $172.96. The company has a market capitalization of $346.51 billion, a P/E ratio of 9.48, a price-to-earnings-growth ratio of 2.07 and a beta of 1.10. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share 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 company had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $31.82 billion. During the same period last year, the business posted $3.78 EPS. The company’s revenue was up .8% on a year-over-year basis. Equities analysts forecast that JPMorgan Chase & Co. will post 11.32 EPS for the current year.

JPMorgan Chase & Co. Company 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.

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

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