JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 30.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 40,291 shares of the financial services provider’s stock after acquiring an additional 9,308 shares during the period. Farther Finance Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $8,278,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. GUNN & Co INVESTMENT MANAGEMENT INC. lifted its position in JPMorgan Chase & Co. by 1,202.2% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 386,259 shares of the financial services provider’s stock valued at $65,703,000 after buying an additional 356,596 shares in the last quarter. Gilbert & Cook Inc. lifted its position in JPMorgan Chase & Co. by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 11,360 shares of the financial services provider’s stock valued at $1,932,000 after buying an additional 164 shares in the last quarter. Mine & Arao Wealth Creation & Management LLC. lifted its position in JPMorgan Chase & Co. by 0.7% during the fourth quarter. Mine & Arao Wealth Creation & Management LLC. now owns 20,255 shares of the financial services provider’s stock valued at $3,445,000 after buying an additional 144 shares in the last quarter. DiNuzzo Private Wealth Inc. acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $49,000. Finally, Concord Wealth Partners lifted its position in JPMorgan Chase & Co. by 12.6% during the fourth quarter. Concord Wealth Partners now owns 21,869 shares of the financial services provider’s stock valued at $3,720,000 after buying an additional 2,455 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on JPM. 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. Piper Sandler boosted their target price on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Morgan Stanley boosted 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. UBS Group boosted their target price 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 boosted their target price 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 investment 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, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average target price of $208.35.

JPMorgan Chase & Co. Stock Down 0.4 %

JPM stock opened at $219.33 on Thursday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $225.48. The firm has a fifty day moving average price of $210.67 and a two-hundred day moving average price of $199.54. The firm has a market cap of $629.84 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 2.62 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly 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. The business 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 quarter in the prior year, the firm earned $4.37 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 16.78 EPS for the current year.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.79% of the company’s stock.

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.