McNaughton Wealth Management LLC Purchases 1,733 Shares of JPMorgan Chase & Co. (NYSE:JPM)

McNaughton Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 55.1% during the second quarter, HoldingsChannel reports. The firm owned 4,881 shares of the financial services provider’s stock after buying an additional 1,733 shares during the quarter. McNaughton Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $550,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JPM. Vanguard Group Inc. lifted its position in JPMorgan Chase & Co. by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 266,854,574 shares of the financial services provider’s stock valued at $36,377,615,000 after acquiring an additional 6,792,220 shares in the last quarter. State Street Corp lifted its position in JPMorgan Chase & Co. by 1.6% in the 4th quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $22,441,376,000 after acquiring an additional 2,277,065 shares in the last quarter. Capital Research Global Investors lifted its position in JPMorgan Chase & Co. by 4.5% during the 1st quarter. Capital Research Global Investors now owns 36,611,171 shares of the financial services provider’s stock worth $4,990,845,000 after buying an additional 1,590,742 shares in the last quarter. Norges Bank bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $4,092,843,000. Finally, Dimensional Fund Advisors LP lifted its position in JPMorgan Chase & Co. by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 19,360,635 shares of the financial services provider’s stock worth $2,639,810,000 after buying an additional 877,422 shares in the last quarter. 68.57% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JPM has been the topic of several analyst reports. UBS Group cut their price target on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating on the stock in a research report on Friday, July 15th. Societe Generale raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price target for the stock from $145.00 to $150.00 in a research report on Tuesday, May 24th. Berenberg Bank raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price target on the stock in a research report on Monday, July 18th. Piper Sandler cut their price target on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating on the stock in a research report on Friday, July 1st. Finally, Citigroup raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and cut their price target for the stock from $145.00 to $135.00 in a research report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Hold” and an average price target of $145.95.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE:JPM opened at $117.08 on Monday. The company’s 50 day moving average price is $115.85 and its two-hundred day moving average price is $122.63. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96. The firm has a market cap of $343.35 billion, a PE ratio of 9.40, a PEG ratio of 2.07 and a beta of 1.10. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its 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 net margin of 30.41% and a return on equity of 15.29%. The firm had revenue of $30.72 billion for the quarter, compared to analyst estimates of $31.82 billion. During the same quarter in the prior year, the business posted $3.78 EPS. The business’s revenue was up .8% compared to the same quarter last year. Equities research analysts predict that JPMorgan Chase & Co. will post 11.32 earnings per share for the current year.

JPMorgan Chase & Co. 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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