JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Buttonwood Financial Advisors Inc.

Buttonwood Financial Advisors Inc. increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 69.2% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 5,821 shares of the financial services provider’s stock after acquiring an additional 2,381 shares during the period. Buttonwood Financial Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $655,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JPM. Sandy Cove Advisors LLC increased its holdings in JPMorgan Chase & Co. by 8.5% during the 1st quarter. Sandy Cove Advisors LLC now owns 4,137 shares of the financial services provider’s stock worth $564,000 after purchasing an additional 324 shares during the last quarter. Clarity Wealth Advisors LLC increased its holdings in JPMorgan Chase & Co. by 10.2% during the 1st quarter. Clarity Wealth Advisors LLC now owns 20,997 shares of the financial services provider’s stock worth $2,862,000 after purchasing an additional 1,944 shares during the last quarter. Financial Strategies Group Inc. increased its holdings in JPMorgan Chase & Co. by 20.0% during the 1st quarter. Financial Strategies Group Inc. now owns 5,500 shares of the financial services provider’s stock worth $750,000 after purchasing an additional 916 shares during the last quarter. Alpha Omega Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 1.5% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 37,664 shares of the financial services provider’s stock worth $5,134,000 after purchasing an additional 557 shares during the last quarter. Finally, Cordant Inc. purchased a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $47,000. 68.57% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 0.7 %

Shares of JPM stock opened at $117.08 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.83 and a current ratio of 0.83. JPMorgan Chase & Co. has a 1 year low of $106.06 and a 1 year high of $172.96. The stock has a fifty day moving average of $115.85 and a two-hundred day moving average of $122.74. The firm has a market capitalization of $343.35 billion, a PE 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 announced its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.76. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The company had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. During the same quarter in the previous year, the firm posted $3.78 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. As a group, research analysts expect that JPMorgan Chase & Co. will post 11.32 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on JPM. Wells Fargo & Company dropped their price objective on JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating on the stock in a report on Thursday, July 14th. Royal Bank of Canada set a $130.00 price target on JPMorgan Chase & Co. in a report on Tuesday, September 6th. Credit Suisse Group set a $145.00 price target on JPMorgan Chase & Co. in a report on Monday, August 8th. Piper Sandler lowered their price target on JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating for the company in a report on Friday, July 1st. Finally, Evercore ISI lowered their price target on JPMorgan Chase & Co. from $135.00 to $125.00 in a report on Friday, July 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $145.95.

About JPMorgan Chase & Co.

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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.

Further Reading

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

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