Symmetry Partners LLC Acquires 4,289 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Symmetry Partners LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 7.5% in the second quarter, Holdings Channel.com reports. The firm owned 61,619 shares of the financial services provider’s stock after buying an additional 4,289 shares during the quarter. Symmetry Partners LLC’s holdings in JPMorgan Chase & Co. were worth $8,962,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JPM. Adirondack Retirement Specialists Inc. raised its stake in JPMorgan Chase & Co. by 510.8% during the first quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock valued at $29,000 after buying an additional 189 shares during the last quarter. Nordwand Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the first quarter valued at $30,000. Boulder Wealth Advisors LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth about $43,000. Sageworth Trust Co boosted its holdings in shares of JPMorgan Chase & Co. by 266.7% during the 1st quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 296 shares during the last quarter. Finally, Aspire Private Capital LLC bought a new stake in shares of JPMorgan Chase & Co. in the first quarter worth approximately $54,391,133,000. 68.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JPM has been the topic of several research reports. Atlantic Securities lifted their target price on shares of JPMorgan Chase & Co. from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 1st. Societe Generale cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Barclays raised their target price on JPMorgan Chase & Co. from $179.00 to $182.00 in a research report on Sunday, July 16th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $158.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, September 8th. Finally, Oppenheimer dropped their price objective on shares of JPMorgan Chase & Co. from $227.00 to $219.00 and set an “outperform” rating on the stock in a report on Friday, August 18th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $167.21.

Insider Buying and Selling

In other news, General Counsel Stacey Friedman sold 4,310 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $144.86, for a total value of $624,346.60. Following the sale, the general counsel now directly owns 53,425 shares in the company, valued at approximately $7,739,145.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $149.25 on Friday. The stock has a 50-day moving average price of $150.67 and a 200 day moving average price of $141.50. The stock has a market capitalization of $433.73 billion, a P/E ratio of 9.60, a P/E/G ratio of 1.88 and a beta of 1.11. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $159.38. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.28.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, July 14th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $3.62 by $0.75. The business had revenue of $42.40 billion during the quarter, compared to the consensus estimate of $38.66 billion. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. The business’s revenue was up 34.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.76 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 15.58 EPS for the current fiscal year.

JPMorgan Chase & Co. Profile

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 deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.