JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Catalytic Wealth RIA LLC

Catalytic Wealth RIA LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,353 shares of the financial services provider’s stock after buying an additional 79 shares during the quarter. JPMorgan Chase & Co. makes up about 0.8% of Catalytic Wealth RIA LLC’s investment portfolio, making the stock its 25th largest holding. Catalytic Wealth RIA LLC’s holdings in JPMorgan Chase & Co. were worth $4,117,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Retirement Group LLC lifted its stake in JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 109 shares during the last quarter. Richardson Capital Management LLC bought a new stake in JPMorgan Chase & Co. in the first quarter valued at $34,000. Davidson Capital Management Inc. bought a new stake in JPMorgan Chase & Co. in the first quarter valued at $37,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of JPMorgan Chase & Co. during the first quarter valued at $40,000. Finally, Bare Financial Services Inc acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $35,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.4 %

Shares of JPMorgan Chase & Co. stock opened at $219.33 on Thursday. The stock has a market capitalization of $629.84 billion, a P/E ratio of 12.23, a PEG ratio of 2.62 and a beta of 1.12. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The stock has a 50 day moving average price of $210.67 and a two-hundred day moving average price of $199.54. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last issued its 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 business had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period in the prior year, the company posted $4.37 earnings per share. Equities analysts expect that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

Insider Activity at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 5,086 shares of the company’s 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 transaction, the insider now directly owns 212,265 shares in the company, valued at $42,355,358.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.79% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. BMO Capital Markets raised their price target on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Jefferies Financial Group lifted their price target on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. 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. Citigroup lifted their price target on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Finally, Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Nine investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $208.35.

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.