MJP Associates Inc. ADV Has $1.25 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

MJP Associates Inc. ADV raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.4% in the 2nd quarter, Holdings Channel reports. The firm owned 11,113 shares of the financial services provider’s stock after acquiring an additional 566 shares during the period. MJP Associates Inc. ADV’s holdings in JPMorgan Chase & Co. were worth $1,251,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in JPM. Dravo Bay LLC acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth $26,000. Advanced Research Investment Solutions LLC increased its holdings in shares of JPMorgan Chase & Co. by 118.2% during the first quarter. Advanced Research Investment Solutions LLC now owns 288 shares of the financial services provider’s stock worth $39,000 after buying an additional 156 shares in the last quarter. Swaine & Leidel Wealth Services LLC acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth $44,000. Landmark Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the first quarter worth $46,000. Finally, Cordant Inc. bought a new stake in shares of JPMorgan Chase & Co. in the first quarter worth $47,000. 68.57% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $117.08 on Monday. The firm’s 50-day moving average price is $115.85 and its 200-day moving average price is $122.63. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96. The firm has a market capitalization of $343.35 billion, a P/E ratio of 9.40, a P/E/G ratio of 2.07 and a beta of 1.10. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, meeting the consensus estimate 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 earned $3.78 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. Equities research analysts anticipate that JPMorgan Chase & Co. will post 11.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. UBS Group reduced their price objective on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, July 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, September 12th. Berenberg Bank raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price objective on the stock in a research note on Monday, July 18th. Barclays set a $200.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 18th. Finally, Morgan Stanley cut their price target on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given 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 price target 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.

Further Reading

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

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