Peoples Financial Services CORP. Buys 465 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Peoples Financial Services CORP. grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 19,620 shares of the financial services provider’s stock after acquiring an additional 465 shares during the period. JPMorgan Chase & Co. comprises about 1.0% of Peoples Financial Services CORP.’s holdings, making the stock its 24th largest position. Peoples Financial Services CORP.’s holdings in JPMorgan Chase & Co. were worth $2,209,000 at the end of the most recent quarter.

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

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $117.08 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick 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’s 50 day simple moving average is $115.85 and its two-hundred day simple moving average is $122.74. The company has a market cap of $343.35 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 2.08 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings data 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 business had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $31.82 billion. During the same quarter in the previous year, the company posted $3.78 EPS. The company’s revenue was up .8% compared to the same quarter last year. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 11.32 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on JPM. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $148.00 target price (up from $142.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 24th. Citigroup raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $145.00 to $135.00 in a research report on Tuesday, July 12th. Evercore ISI lowered their price objective on JPMorgan Chase & Co. from $135.00 to $125.00 in a research report on Friday, July 15th. Royal Bank of Canada set a $130.00 price objective on JPMorgan Chase & Co. in a research report on Tuesday, September 6th. Finally, Societe Generale raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $145.00 to $150.00 in a research report on Tuesday, May 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $145.95.

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.

See Also

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

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