Sompo Japan Nipponkoa Asset Management CO. LTD. raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 13.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,780 shares of the financial services provider’s stock after purchasing an additional 2,440 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in JPMorgan Chase & Co. were worth $2,323,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in JPM. Personal Wealth Partners acquired a new stake in JPMorgan Chase & Co. during the second quarter worth about $28,000. Smart Portfolios LLC grew its stake in JPMorgan Chase & Co. by 29.6% during the fourth quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock worth $49,000 after buying an additional 114 shares in the last quarter. Sound Income Strategies LLC grew its stake in JPMorgan Chase & Co. by 126.7% during the second quarter. Sound Income Strategies LLC now owns 510 shares of the financial services provider’s stock worth $57,000 after buying an additional 285 shares in the last quarter. Asset Planning Services Ltd. acquired a new stake in JPMorgan Chase & Co. during the second quarter worth about $61,000. Finally, Semmax Financial Advisors Inc. acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $56,000. Hedge funds and other institutional investors own 72.31% of the company’s stock.
A number of equities research analysts have issued reports on the stock. Deutsche Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Friday, June 28th. ValuEngine cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Morgan Stanley set a $122.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 9th. Goldman Sachs Group reissued a “neutral” rating and issued a $117.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Finally, Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. One equities research 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 company presently has an average rating of “Hold” and an average target price of $121.94.
Shares of NYSE JPM opened at $107.98 on Friday. The company has a 50 day simple moving average of $112.23 and a 200 day simple moving average of $108.98. The firm has a market cap of $343.12 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $119.24. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 0.97.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.50 by $0.32. The business had revenue of $28.83 billion during the quarter, compared to analyst estimates of $28.52 billion. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $2.29 EPS. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 9.91 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Company 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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