3,604 Shares in JPMorgan Chase & Co. (NYSE:JPM) Purchased by Rudd International Inc.

Rudd International Inc. bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the second quarter, Holdings Channel.com reports. The institutional investor bought 3,604 shares of the financial services provider’s stock, valued at approximately $402,000.

Several other institutional investors have also recently added to or reduced their stakes in JPM. New England Investment & Retirement Group Inc. increased its position in shares of JPMorgan Chase & Co. by 27.2% in the second quarter. New England Investment & Retirement Group Inc. now owns 6,695 shares of the financial services provider’s stock valued at $748,000 after buying an additional 1,433 shares in the last quarter. BTR Capital Management Inc. increased its position in shares of JPMorgan Chase & Co. by 0.7% in the second quarter. BTR Capital Management Inc. now owns 164,688 shares of the financial services provider’s stock valued at $18,412,000 after buying an additional 1,223 shares in the last quarter. Annex Advisory Services LLC increased its position in shares of JPMorgan Chase & Co. by 21.5% in the second quarter. Annex Advisory Services LLC now owns 27,273 shares of the financial services provider’s stock valued at $3,050,000 after buying an additional 4,834 shares in the last quarter. Thomasville National Bank increased its position in shares of JPMorgan Chase & Co. by 344.4% in the second quarter. Thomasville National Bank now owns 88,169 shares of the financial services provider’s stock valued at $9,857,000 after buying an additional 68,329 shares in the last quarter. Finally, Occidental Asset Management LLC increased its position in shares of JPMorgan Chase & Co. by 137.2% in the second quarter. Occidental Asset Management LLC now owns 6,262 shares of the financial services provider’s stock valued at $700,000 after buying an additional 3,622 shares in the last quarter. 72.31% of the stock is owned by hedge funds and other institutional investors.

Shares of JPM opened at $107.98 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 0.97. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $119.24. The stock has a market capitalization of $343.12 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 1.55 and a beta of 1.16. The stock has a 50 day moving average price of $112.23 and a 200 day moving average price of $108.98.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The firm had revenue of $28.83 billion during the quarter, compared to analysts’ expectations of $28.52 billion. During the same period in the previous year, the business earned $2.29 earnings per share. The firm’s revenue for the quarter was up 3.9% on a year-over-year basis. On average, analysts predict that JPMorgan Chase & Co. will post 9.91 earnings per share for the current year.

In related news, EVP Peter Scher sold 10,816 shares of the business’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $115.00, for a total transaction of $1,243,840.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Lori A. Beer sold 13,341 shares of the business’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total value of $1,524,609.48. Following the sale, the insider now owns 10,130 shares of the company’s stock, valued at $1,157,656.40. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

A number of research firms have recently commented on JPM. Goldman Sachs Group restated a “neutral” rating and issued a $117.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. Royal Bank of Canada restated a “buy” rating and issued a $120.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 16th. Wells Fargo & Co set a $125.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, August 16th. Deutsche Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. Finally, DZ Bank restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $121.94.

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 and investment products 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, payment processing, auto loan, and leasing services.

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

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