NBT Bank N A NY Reduces Stake in JPMorgan Chase & Co. (NYSE:JPM)

NBT Bank N A NY trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 146,329 shares of the financial services provider’s stock after selling 48 shares during the quarter. JPMorgan Chase & Co. accounts for 2.1% of NBT Bank N A NY’s portfolio, making the stock its 6th largest holding. NBT Bank N A NY’s holdings in JPMorgan Chase & Co. were worth $29,600,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Wealth Alliance Advisory Group LLC raised its stake in JPMorgan Chase & Co. by 1.8% during the 2nd quarter. Wealth Alliance Advisory Group LLC now owns 13,436 shares of the financial services provider’s stock valued at $2,718,000 after purchasing an additional 234 shares during the last quarter. IFG Advisory LLC increased its holdings in shares of JPMorgan Chase & Co. by 5.9% during the 2nd quarter. IFG Advisory LLC now owns 34,127 shares of the financial services provider’s stock worth $6,903,000 after purchasing an additional 1,893 shares during the period. BCGM Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 5.5% during the second quarter. BCGM Wealth Management LLC now owns 20,108 shares of the financial services provider’s stock valued at $4,067,000 after buying an additional 1,047 shares during the last quarter. Baltimore Washington Financial Advisors Inc. lifted its stake in shares of JPMorgan Chase & Co. by 3.2% in the second quarter. Baltimore Washington Financial Advisors Inc. now owns 110,917 shares of the financial services provider’s stock valued at $22,434,000 after buying an additional 3,411 shares during the period. Finally, Concurrent Investment Advisors LLC grew its position in JPMorgan Chase & Co. by 35.4% during the second quarter. Concurrent Investment Advisors LLC now owns 86,254 shares of the financial services provider’s stock worth $17,446,000 after buying an additional 22,555 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.4 %

JPM stock opened at $219.33 on Thursday. The business has a fifty day moving average price of $210.67 and a 200 day moving average price of $199.54. 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 fifty-two week low of $135.19 and a fifty-two week high of $225.48. The stock has a market capitalization of $629.84 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 2.62 and a beta of 1.12.

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 return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion for the quarter, compared to analysts’ expectations of $42.23 billion. During the same quarter in the prior year, the business earned $4.37 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 212,265 shares in the company, valued at $42,355,358.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on JPM. Robert W. Baird upped their price target on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Piper Sandler raised 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. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Citigroup increased their price objective on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Finally, UBS Group lifted their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Nine research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $208.35.

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.