Farmer Steven Patrick Purchases New Shares in JPMorgan Chase & Co. (NYSE:JPM)

Farmer Steven Patrick purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the 2nd quarter, HoldingsChannel reports. The firm purchased 1,833 shares of the financial services provider’s stock, valued at approximately $206,000.

Other large investors have also added to or reduced their stakes in the company. Dimension Capital Management LLC lifted its position in JPMorgan Chase & Co. by 2.1% during the 4th quarter. Dimension Capital Management LLC now owns 3,561 shares of the financial services provider’s stock valued at $565,000 after acquiring an additional 72 shares during the period. Legacy Capital Partners Inc. boosted its stake in JPMorgan Chase & Co. by 1.4% during the first quarter. Legacy Capital Partners Inc. now owns 5,591 shares of the financial services provider’s stock worth $762,000 after acquiring an additional 75 shares in the last quarter. Tennessee Valley Asset Management Partners boosted its stake in JPMorgan Chase & Co. by 1.2% during the first quarter. Tennessee Valley Asset Management Partners now owns 6,634 shares of the financial services provider’s stock worth $904,000 after acquiring an additional 78 shares in the last quarter. F M Investments LLC boosted its stake in JPMorgan Chase & Co. by 1.8% during the first quarter. F M Investments LLC now owns 4,588 shares of the financial services provider’s stock worth $625,000 after acquiring an additional 80 shares in the last quarter. Finally, First National Bank of Hutchinson boosted its stake in JPMorgan Chase & Co. by 1.2% during the first quarter. First National Bank of Hutchinson now owns 6,759 shares of the financial services provider’s stock worth $921,000 after acquiring an additional 81 shares in the last quarter. Institutional investors own 68.57% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the topic of several analyst reports. Piper Sandler dropped their target price on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday, July 1st. Societe Generale raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their target price for the company from $145.00 to $150.00 in a report on Tuesday, May 24th. UBS Group reduced their target price on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating for the company in a report on Friday, July 15th. Credit Suisse Group set a $145.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, August 8th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $148.00 target price (up from $142.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus price target of $145.95.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $117.08 on Friday. JPMorgan Chase & Co. has a 52 week low of $106.06 and a 52 week high of $172.96. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.14. The company has a fifty day simple moving average of $115.85 and a two-hundred day simple moving average of $122.74. The firm has a market capitalization of $343.35 billion, a P/E ratio of 9.40, a price-to-earnings-growth ratio of 2.08 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.76. The firm had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The business’s revenue was up .8% on a year-over-year basis. During the same quarter last year, the business earned $3.78 EPS. Analysts anticipate that JPMorgan Chase & Co. will post 11.32 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Company Profile

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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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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