Frontier Wealth Management LLC lifted its stake in shares of J P Morgan Chase & Co (NYSE:JPM) by 3.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 28,052 shares of the financial services provider’s stock after buying an additional 1,043 shares during the quarter. Frontier Wealth Management LLC’s holdings in J P Morgan Chase & Co were worth $2,564,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Private Vista LLC acquired a new position in J P Morgan Chase & Co in the 2nd quarter valued at $102,000. Pacific Center for Financial Services increased its stake in J P Morgan Chase & Co by 14.5% in the 1st quarter. Pacific Center for Financial Services now owns 1,401 shares of the financial services provider’s stock valued at $123,000 after buying an additional 177 shares during the period. Ullmann Financial Group Inc. acquired a new position in J P Morgan Chase & Co in the 1st quarter valued at $148,000. Northwest Investment Counselors LLC acquired a new position in J P Morgan Chase & Co in the 2nd quarter valued at $165,000. Finally, Capital Advisors Ltd. LLC increased its stake in J P Morgan Chase & Co by 53.0% in the 2nd quarter. Capital Advisors Ltd. LLC now owns 1,935 shares of the financial services provider’s stock valued at $177,000 after buying an additional 670 shares during the period. Institutional investors and hedge funds own 73.93% of the company’s stock.
JPM has been the topic of several recent research reports. Wells Fargo & Company boosted their price objective on shares of J P Morgan Chase & Co from $110.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, October 27th. Vetr raised shares of J P Morgan Chase & Co from a “hold” rating to a “buy” rating and set a $93.14 price objective on the stock in a research note on Wednesday, September 6th. Royal Bank Of Canada reissued a “buy” rating and issued a $105.00 price objective on shares of J P Morgan Chase & Co in a research note on Wednesday, November 15th. Jefferies Group reaffirmed a “buy” rating and set a $102.00 price target on shares of J P Morgan Chase & Co in a research note on Friday, September 15th. Finally, Zacks Investment Research cut shares of J P Morgan Chase & Co from a “buy” rating to a “hold” rating in a research note on Tuesday, August 29th. Three investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and sixteen have issued a buy rating to the company. J P Morgan Chase & Co has a consensus rating of “Hold” and an average target price of $92.18.
In other J P Morgan Chase & Co news, General Counsel Stacey Friedman sold 2,099 shares of the company’s stock in a transaction dated Thursday, October 26th. The shares were sold at an average price of $101.96, for a total value of $214,014.04. Following the transaction, the general counsel now directly owns 15,279 shares in the company, valued at approximately $1,557,846.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.88% of the stock is currently owned by corporate insiders.
J P Morgan Chase & Co (JPM) traded down $0.38 during trading hours on Monday, reaching $105.55. 3,025,629 shares of the company’s stock were exchanged, compared to its average volume of 14,005,722. The stock has a market cap of $367,548.06, a price-to-earnings ratio of 15.26, a price-to-earnings-growth ratio of 2.30 and a beta of 1.22. The company has a debt-to-equity ratio of 1.37, a quick ratio of 1.03 and a current ratio of 1.03. J P Morgan Chase & Co has a 52 week low of $81.64 and a 52 week high of $108.40.
J P Morgan Chase & Co (NYSE:JPM) last released its earnings results on Thursday, October 12th. The financial services provider reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.67 by $0.09. The company had revenue of $25.33 billion for the quarter, compared to analyst estimates of $24.91 billion. J P Morgan Chase & Co had a net margin of 24.08% and a return on equity of 11.68%. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the prior year, the firm earned $1.58 EPS. equities analysts predict that J P Morgan Chase & Co will post 6.91 earnings per share for the current year.
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About J P Morgan Chase & Co
JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment offers services to consumers and businesses through bank branches, automatic teller machines (ATMs), online, mobile and telephone banking.
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