JPMorgan Chase & Co. (NYSE:JPM) Position Boosted by Enterprise Bank & Trust Co

Enterprise Bank & Trust Co boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,067 shares of the financial services provider’s stock after buying an additional 702 shares during the quarter. JPMorgan Chase & Co. makes up about 1.6% of Enterprise Bank & Trust Co’s investment portfolio, making the stock its 14th biggest holding. Enterprise Bank & Trust Co’s holdings in JPMorgan Chase & Co. were worth $4,082,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JPM. Moneta Group Investment Advisors LLC increased its stake in JPMorgan Chase & Co. by 105,652.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after purchasing an additional 97,907,897 shares during the last quarter. Norges Bank bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $3,894,646,000. Price T Rowe Associates Inc. MD grew its position in shares of JPMorgan Chase & Co. by 71.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,484,094 shares of the financial services provider’s stock valued at $4,087,917,000 after buying an additional 12,654,947 shares during the last quarter. Morgan Stanley raised its stake in JPMorgan Chase & Co. by 15.9% during the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after acquiring an additional 8,088,433 shares during the period. Finally, Providence Capital Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 13,205.6% in the first quarter. Providence Capital Advisors LLC now owns 5,395,818 shares of the financial services provider’s stock worth $41,407,000 after acquiring an additional 5,355,265 shares during the last quarter. 68.94% of the stock is owned by institutional investors.

Insider Activity

In other news, General Counsel Stacey Friedman sold 4,310 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total transaction of $624,346.60. Following the completion of the sale, the general counsel now directly owns 53,425 shares of the company’s stock, valued at approximately $7,739,145.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Piper Sandler increased their price target on JPMorgan Chase & Co. from $158.00 to $168.00 in a research report on Monday, July 17th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 target price on the stock in a research report on Friday, July 7th. Jefferies Financial Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price target for the company from $149.00 to $165.00 in a report on Tuesday, July 11th. Societe Generale cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Finally, 888 reissued a “maintains” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 26th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $167.21.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $148.85 on Friday. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week 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. The stock has a market cap of $432.57 billion, a PE ratio of 9.58, a price-to-earnings-growth ratio of 1.88 and a beta of 1.11. The company’s 50-day moving average price is $150.79 and its two-hundred day moving average price is $141.56.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results 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 analyst estimates 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 quarterly revenue was up 34.1% on a year-over-year basis. During the same period in the prior year, the business earned $2.76 earnings per share. As a group, sell-side analysts anticipate 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.