Giverny Capital Inc. Purchases 15,896 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Giverny Capital Inc. grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 334,011 shares of the financial services provider’s stock after purchasing an additional 15,896 shares during the period. JPMorgan Chase & Co. comprises about 3.8% of Giverny Capital Inc.’s portfolio, making the stock its 9th largest position. Giverny Capital Inc.’s holdings in JPMorgan Chase & Co. were worth $37,342,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of JPM. Personal Wealth Partners acquired a new stake in JPMorgan Chase & Co. in the second quarter worth $28,000. MRA Associates USA LLC acquired a new stake in JPMorgan Chase & Co. in the second quarter worth $30,000. Global Trust Asset Management LLC raised its holdings in JPMorgan Chase & Co. by 2,027.2% in the second quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 5,068 shares during the period. Titan Capital Management LLC CA acquired a new stake in JPMorgan Chase & Co. in the second quarter worth $35,000. Finally, Smart Portfolios LLC raised its holdings in JPMorgan Chase & Co. by 29.6% in the fourth quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 114 shares during the period. Institutional investors own 72.23% of the company’s stock.

Shares of NYSE:JPM traded up $0.97 during midday trading on Friday, reaching $118.88. 2,781,050 shares of the company were exchanged, compared to its average volume of 10,656,794. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $119.24. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.22. The stock has a fifty day simple moving average of $110.70 and a two-hundred day simple moving average of $109.63. The firm has a market cap of $373.69 billion, a PE ratio of 13.21, a P/E/G ratio of 1.69 and a beta of 1.19.

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

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

JPM has been the topic of several analyst reports. DZ Bank reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, August 21st. Wells Fargo & Co set a $125.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 16th. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Goldman Sachs Group restated a “neutral” rating and set a $117.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Finally, Morgan Stanley set a $122.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 9th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $121.94.

About JPMorgan Chase & Co.

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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