Dynamic Advisor Solutions LLC Raises Position in JPMorgan Chase & Co. (NYSE:JPM)

Dynamic Advisor Solutions LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 11.0% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 57,738 shares of the financial services provider’s stock after acquiring an additional 5,726 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.7% of Dynamic Advisor Solutions LLC’s portfolio, making the stock its 23rd largest position. Dynamic Advisor Solutions LLC’s holdings in JPMorgan Chase & Co. were worth $8,981,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Capital International Investors boosted its holdings in JPMorgan Chase & Co. by 7.8% in the first quarter. Capital International Investors now owns 38,321,985 shares of the financial services provider’s stock valued at $5,834,601,000 after purchasing an additional 2,769,555 shares during the last quarter. Standard Life Aberdeen plc boosted its holdings in JPMorgan Chase & Co. by 129.4% in the first quarter. Standard Life Aberdeen plc now owns 3,455,472 shares of the financial services provider’s stock valued at $526,389,000 after purchasing an additional 1,948,850 shares during the last quarter. Prudential Financial Inc. boosted its holdings in JPMorgan Chase & Co. by 41.8% in the first quarter. Prudential Financial Inc. now owns 5,107,040 shares of the financial services provider’s stock valued at $777,444,000 after purchasing an additional 1,504,501 shares during the last quarter. UBS Asset Management Americas Inc. boosted its holdings in JPMorgan Chase & Co. by 10.1% in the first quarter. UBS Asset Management Americas Inc. now owns 14,424,504 shares of the financial services provider’s stock valued at $2,195,842,000 after purchasing an additional 1,323,812 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in JPMorgan Chase & Co. by 33.8% in the first quarter. Bessemer Group Inc. now owns 5,218,444 shares of the financial services provider’s stock valued at $794,404,000 after purchasing an additional 1,316,994 shares during the last quarter. 69.67% of the stock is owned by institutional investors.

A number of research analysts have commented on the company. Keefe, Bruyette & Woods assumed coverage on JPMorgan Chase & Co. in a report on Wednesday, July 7th. They set a “market perform” rating and a $167.00 target price on the stock. Credit Suisse Group set a $177.00 target price on JPMorgan Chase & Co. in a report on Monday, August 23rd. BMO Capital Markets increased their target price on JPMorgan Chase & Co. from $136.00 to $141.00 and gave the stock a “market perform” rating in a report on Wednesday, July 14th. The Goldman Sachs Group set a $182.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, June 25th. Finally, Zacks Investment Research cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $173.00 price target on the stock. in a research report on Wednesday, June 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $167.06.

Shares of JPM traded up $1.06 during trading hours on Wednesday, hitting $158.13. 389,702 shares of the company were exchanged, compared to its average volume of 13,698,431. The company has a market capitalization of $472.52 billion, a PE ratio of 10.44, a PEG ratio of 2.24 and a beta of 1.20. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a fifty day simple moving average of $156.08 and a 200-day simple moving average of $156.05. JPMorgan Chase & Co. has a one year low of $91.38 and a one year high of $167.44.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Monday, July 12th. The financial services provider reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.09 by $0.69. The business had revenue of $30.50 billion during the quarter, compared to analyst estimates of $29.71 billion. JPMorgan Chase & Co. had a return on equity of 19.26% and a net margin of 37.71%. The company’s revenue was down 7.9% compared to the same quarter last year. During the same period last year, the company posted $1.38 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 14.05 EPS for the current year.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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