JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Lifted by Radnor Capital Management LLC

Radnor Capital Management LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 0.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 54,120 shares of the financial services provider’s stock after buying an additional 200 shares during the quarter. JPMorgan Chase & Co. makes up 1.7% of Radnor Capital Management LLC’s holdings, making the stock its 6th largest holding. Radnor Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $6,094,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of JPM. Norges Bank bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $4,092,843,000. Vanguard Group Inc. increased its holdings 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 during the last quarter. GQG Partners LLC increased its holdings in JPMorgan Chase & Co. by 403.3% in the 4th quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider’s stock valued at $806,728,000 after acquiring an additional 4,083,231 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in JPMorgan Chase & Co. by 7,427.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock valued at $363,169,000 after acquiring an additional 2,628,701 shares during the last quarter. Finally, State Street Corp increased its holdings 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 during the last quarter. Hedge funds and other institutional investors own 68.57% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Morgan Stanley reduced 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 report on Tuesday, July 12th. Oppenheimer reduced their price target on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating on the stock in a report on Friday, July 15th. Evercore ISI reduced their target price on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a report on Friday, July 15th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” rating on the stock in a report on Monday, September 12th. Finally, Piper Sandler reduced 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 report on Friday, July 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $145.95.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $118.16 on Tuesday. The stock has a market cap of $346.51 billion, a price-to-earnings ratio of 9.48, a price-to-earnings-growth ratio of 2.07 and a beta of 1.10. 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 firm has a 50-day moving average of $115.85 and a two-hundred day moving average of $122.52.

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, meeting the consensus estimate of $2.76. The company had revenue of $30.72 billion during the quarter, compared to analysts’ expectations of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the company earned $3.78 EPS. On average, research analysts forecast that JPMorgan Chase & Co. will post 11.32 earnings per share for the current 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.

See Also

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

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