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

Baltimore Washington Financial Advisors Inc. lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 110,917 shares of the financial services provider’s stock after buying an additional 3,411 shares during the quarter. JPMorgan Chase & Co. makes up 1.3% of Baltimore Washington Financial Advisors Inc.’s portfolio, making the stock its 26th biggest position. Baltimore Washington Financial Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $22,434,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in JPM. Wellington Wealth Strategies LLC. bought a new position in JPMorgan Chase & Co. in the 4th quarter worth about $1,145,000. Cooper Financial Group boosted its position in shares of JPMorgan Chase & Co. by 12.8% during the first quarter. Cooper Financial Group now owns 8,693 shares of the financial services provider’s stock worth $1,741,000 after buying an additional 984 shares during the period. Spartan Planning & Wealth Management grew its holdings in JPMorgan Chase & Co. by 257.3% in the 4th quarter. Spartan Planning & Wealth Management now owns 3,780 shares of the financial services provider’s stock worth $643,000 after buying an additional 2,722 shares in the last quarter. jvl associates llc increased its position in JPMorgan Chase & Co. by 59.8% in the 1st quarter. jvl associates llc now owns 1,911 shares of the financial services provider’s stock valued at $383,000 after acquiring an additional 715 shares during the period. Finally, MMA Asset Management LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $207,000. 71.55% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on JPM. Keefe, Bruyette & Woods raised their price target on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Tuesday, July 9th. Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $221.00 to $226.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Jefferies Financial Group upped their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. 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 note on Monday, July 15th. Finally, Piper Sandler upped their target price on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $208.35.

Insiders Place Their Bets

In other 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 completion of the sale, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.4 %

Shares of JPM opened at $219.33 on Thursday. The business’s 50-day moving average price is $210.67 and its 200 day moving average price is $199.54. 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 capitalization of $629.84 billion, a P/E ratio of 12.23, a P/E/G ratio of 2.62 and a beta of 1.12. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. During the same period last year, the company posted $4.37 earnings per share. Analysts expect 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.