CRA Financial Services LLC Boosts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

CRA Financial Services LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.6% in the second quarter, Holdings Channel.com reports. The fund owned 10,136 shares of the financial services provider’s stock after buying an additional 158 shares during the quarter. CRA Financial Services LLC’s holdings in JPMorgan Chase & Co. were worth $1,474,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of JPM. Oxler Private Wealth LLC grew its holdings in JPMorgan Chase & Co. by 0.9% in the fourth quarter. Oxler Private Wealth LLC now owns 8,158 shares of the financial services provider’s stock valued at $1,094,000 after purchasing an additional 71 shares during the last quarter. Prostatis Group LLC boosted its position in shares of JPMorgan Chase & Co. by 0.9% in the 1st quarter. Prostatis Group LLC now owns 8,046 shares of the financial services provider’s stock worth $1,059,000 after buying an additional 74 shares in the last quarter. Cravens & Co Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 1.3% in the 1st quarter. Cravens & Co Advisors LLC now owns 5,905 shares of the financial services provider’s stock worth $769,000 after buying an additional 74 shares in the last quarter. Quent Capital LLC grew its stake in JPMorgan Chase & Co. by 0.7% in the 2nd quarter. Quent Capital LLC now owns 9,969 shares of the financial services provider’s stock valued at $1,450,000 after acquiring an additional 74 shares during the last quarter. Finally, Howard Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 2.5% during the 1st quarter. Howard Wealth Management LLC now owns 3,062 shares of the financial services provider’s stock valued at $399,000 after acquiring an additional 75 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Wall Street Analysts Forecast Growth

JPM has been the topic of several research reports. Societe Generale lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Morgan Stanley increased their target price on JPMorgan Chase & Co. from $173.00 to $179.00 and gave the company an “overweight” rating in a report on Tuesday, September 12th. Atlantic Securities boosted their price target on JPMorgan Chase & Co. from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Tuesday, August 1st. Piper Sandler increased their price objective on JPMorgan Chase & Co. from $158.00 to $168.00 in a research note on Monday, July 17th. Finally, Barclays lifted their price objective on JPMorgan Chase & Co. from $179.00 to $182.00 in a research report on Sunday, July 16th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $167.21.

Insiders Place Their Bets

In related news, General Counsel Stacey Friedman sold 4,310 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $144.86, for a total transaction of $624,346.60. Following the transaction, the general counsel now owns 53,425 shares in the company, valued at approximately $7,739,145.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $149.12 on Tuesday. The business’s fifty day moving average price is $150.88 and its 200 day moving average price is $141.59. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $159.38. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.28. The stock has a market capitalization of $433.35 billion, a P/E ratio of 9.60, a PEG ratio of 1.92 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, July 14th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.75. The business had revenue of $42.40 billion for the quarter, compared to analyst estimates of $38.66 billion. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The company’s revenue was up 34.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.76 EPS. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 15.58 earnings per share for the current 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, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.