Woodstock Corp Raises Stake in JPMorgan Chase & Co. (NYSE:JPM)

Woodstock Corp increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.3% during the second quarter, according to its most recent filing with the SEC. The fund owned 65,819 shares of the financial services provider’s stock after buying an additional 819 shares during the quarter. Woodstock Corp’s holdings in JPMorgan Chase & Co. were worth $7,412,000 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. Dravo Bay LLC purchased a new stake in JPMorgan Chase & Co. during the first quarter valued at about $26,000. Advanced Research Investment Solutions LLC lifted its holdings in 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 valued at $39,000 after purchasing an additional 156 shares during the last quarter. Cordant Inc. purchased a new stake in JPMorgan Chase & Co. during the first quarter valued at about $47,000. SFI Advisors LLC purchased a new stake in JPMorgan Chase & Co. during the first quarter valued at about $54,255,000. Finally, Delos Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 13,433.3% during the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 403 shares during the last quarter. 68.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Evercore ISI decreased their price target on JPMorgan Chase & Co. from $135.00 to $125.00 in a research report on Friday, July 15th. Piper Sandler decreased their price target on 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. Wells Fargo & Company decreased their price target on JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 14th. BMO Capital Markets upped their price target on JPMorgan Chase & Co. from $150.00 to $156.00 in a research report on Tuesday, May 24th. Finally, Morgan Stanley decreased their price target on 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 research 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. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average price target of $145.95.

JPMorgan Chase & Co. Stock Up 0.9 %

Shares of JPM opened at $118.16 on Tuesday. The firm has a market cap of $346.51 billion, a P/E ratio of 9.48, a P/E/G ratio of 2.07 and a beta of 1.10. JPMorgan Chase & Co. has a 1 year low of $106.06 and a 1 year high of $172.96. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.83. The stock has a 50 day simple moving average of $115.85 and a two-hundred day simple moving average of $122.52.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 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 last year, the firm posted $3.78 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. On average, analysts forecast that JPMorgan Chase & Co. will post 11.32 earnings per share for the current fiscal year.

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.

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

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