Americana Partners LLC Grows Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Americana Partners LLC raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,327 shares of the financial services provider’s stock after buying an additional 508 shares during the quarter. Americana Partners LLC’s holdings in JPMorgan Chase & Co. were worth $6,134,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of JPM. Jaffetilchin Investment Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2.1% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 41,284 shares of the financial services provider’s stock valued at $8,350,000 after purchasing an additional 844 shares during the last quarter. Pine Valley Investments Ltd Liability Co raised its position in shares of JPMorgan Chase & Co. by 1.9% in the 2nd quarter. Pine Valley Investments Ltd Liability Co now owns 58,382 shares of the financial services provider’s stock worth $11,808,000 after buying an additional 1,115 shares during the period. Integrity Financial Corp WA raised its position in shares of JPMorgan Chase & Co. by 1.6% in the 2nd quarter. Integrity Financial Corp WA now owns 3,148 shares of the financial services provider’s stock worth $637,000 after buying an additional 51 shares during the period. Foster Group Inc. boosted its holdings in JPMorgan Chase & Co. by 6.3% in the second quarter. Foster Group Inc. now owns 6,819 shares of the financial services provider’s stock valued at $1,379,000 after acquiring an additional 405 shares during the last quarter. Finally, Heritage Wealth Management Inc. Texas purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at about $306,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $220.30 on Wednesday. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.48. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The stock has a market cap of $632.63 billion, a P/E ratio of 12.29, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12. The stock has a 50 day moving average of $210.24 and a 200-day moving average of $199.40.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data 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 firm had revenue of $50.80 billion for 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 prior year, the firm posted $4.37 EPS. On average, analysts expect that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on JPM shares. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday. Morgan Stanley increased their target price on shares of JPMorgan Chase & Co. from $221.00 to $226.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Jefferies Financial Group lifted their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. UBS Group increased their price objective on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research report on Tuesday, May 21st. Finally, Citigroup upped their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $208.35.

About JPMorgan Chase & Co.

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.