Proathlete Wealth Management LLC Grows Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Proathlete Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,117 shares of the financial services provider’s stock after acquiring an additional 152 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.5% of Proathlete Wealth Management LLC’s portfolio, making the stock its 22nd largest holding. Proathlete Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,035,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Retirement Group LLC lifted its stake in JPMorgan Chase & Co. by 227.1% in the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 109 shares in the last quarter. Richardson Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. in the first quarter worth $34,000. Bare Financial Services Inc purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $35,000. Partnership Wealth Management LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at $36,000. Finally, Davidson Capital Management Inc. purchased a new position in JPMorgan Chase & Co. during the first quarter worth about $37,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $222.21 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $222.98. The firm has a market cap of $638.11 billion, a PE ratio of 12.39, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12. The business has a 50 day moving average price of $208.24 and a 200-day moving average price of $197.96.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The company had revenue of $50.80 billion during 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 period in the prior year, the business posted $4.37 EPS. Equities research analysts predict that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the transaction, the insider now owns 212,265 shares of the company’s stock, valued at approximately $42,355,358.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.79% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on JPM. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Evercore ISI lifted their target price on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Piper Sandler boosted their price target on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Oppenheimer raised their price objective on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Finally, Barclays upped their target price on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target 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.