JPMorgan Chase & Co. (NYSE:JPM) Position Increased by McClarren Financial Advisors Inc.

McClarren Financial Advisors Inc. increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 33.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,415 shares of the financial services provider’s stock after buying an additional 357 shares during the quarter. McClarren Financial Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $286,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in JPM. Capital International Investors increased its position in JPMorgan Chase & Co. by 1.9% in the 1st quarter. Capital International Investors now owns 42,294,992 shares of the financial services provider’s stock valued at $8,471,687,000 after acquiring an additional 778,297 shares during the period. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $6,016,878,000. Capital World Investors raised its stake in shares of JPMorgan Chase & Co. by 0.4% during the first quarter. Capital World Investors now owns 34,422,011 shares of the financial services provider’s stock valued at $6,894,729,000 after purchasing an additional 150,812 shares in the last quarter. Dimensional Fund Advisors LP grew its position in JPMorgan Chase & Co. by 3.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 21,338,704 shares of the financial services provider’s stock valued at $3,629,757,000 after buying an additional 695,502 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in JPMorgan Chase & Co. by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 20,170,399 shares of the financial services provider’s stock valued at $3,389,329,000 after buying an additional 154,426 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. 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 transaction of $1,014,860.44. Following the transaction, 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 document filed with the Securities & Exchange Commission, which is available at this link. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Up 0.4 %

Shares of JPMorgan Chase & Co. stock opened at $222.21 on Friday. The firm has a market cap of $638.11 billion, a price-to-earnings ratio of 12.39, a P/E/G ratio of 2.42 and a beta of 1.12. The stock has a 50-day simple moving average of $208.24 and a 200-day simple moving average of $197.96. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $222.98. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data 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 for the quarter, compared to analyst estimates 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 quarter last year, the firm earned $4.37 earnings per share. On average, equities research analysts expect that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JPM has been the subject of several recent analyst reports. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $211.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Keefe, Bruyette & Woods increased their price objective on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Tuesday, July 9th. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Finally, Robert W. Baird lifted their price target on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $205.71.

JPMorgan Chase & Co. Company 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.