Bay Colony Advisory Group Inc d b a Bay Colony Advisors Buys 279 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,241 shares of the financial services provider’s stock after purchasing an additional 279 shares during the quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors’ holdings in JPMorgan Chase & Co. were worth $3,285,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of JPM. My Legacy Advisors LLC bought a new position in JPMorgan Chase & Co. during the second quarter worth about $2,388,000. Corundum Trust Company INC acquired a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth $508,000. DT Investment Partners LLC increased its holdings in JPMorgan Chase & Co. by 2.2% in the 2nd quarter. DT Investment Partners LLC now owns 42,338 shares of the financial services provider’s stock valued at $8,563,000 after buying an additional 906 shares during the period. &PARTNERS increased its stake in JPMorgan Chase & Co. by 395.7% in the second quarter. &PARTNERS now owns 150,007 shares of the financial services provider’s stock valued at $30,337,000 after acquiring an additional 119,747 shares during the last quarter. Finally, MN Wealth Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.7% during the 2nd quarter. MN Wealth Advisors LLC now owns 46,954 shares of the financial services provider’s stock worth $9,497,000 after buying an additional 327 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on JPM. Citigroup increased their price objective on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Tuesday, July 9th. Jefferies Financial Group raised their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. 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 report on Monday, July 15th. Finally, Robert W. Baird lifted their price target on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $205.71.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 5,086 shares of the stock in a transaction 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 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 document filed with the SEC, which is available through the SEC website. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $218.28 on Friday. The firm has a 50 day moving average of $206.81 and a 200-day moving average of $196.86. The company has a market cap of $626.83 billion, a price-to-earnings ratio of 12.17, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12. 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. has a 52 week low of $135.19 and a 52 week high of $219.19.

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

JPMorgan Chase & Co. Profile

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.