Oak Harvest Investment Services Has $24.37 Million Stake in JPMorgan Chase & Co. $JPM

Oak Harvest Investment Services lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 99,342 shares of the financial services provider’s stock after acquiring an additional 3,855 shares during the period. JPMorgan Chase & Co. makes up 3.4% of Oak Harvest Investment Services’ holdings, making the stock its 4th biggest holding. Oak Harvest Investment Services’ holdings in JPMorgan Chase & Co. were worth $24,369,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in JPM. Brighton Jones LLC increased its position in shares of JPMorgan Chase & Co. by 11.0% during the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider’s stock worth $11,682,000 after acquiring an additional 4,841 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in JPMorgan Chase & Co. by 0.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider’s stock worth $46,068,000 after purchasing an additional 1,229 shares in the last quarter. Highview Capital Management LLC DE grew its position in JPMorgan Chase & Co. by 16.1% in the 4th quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider’s stock worth $3,266,000 after purchasing an additional 1,893 shares in the last quarter. KKM Financial LLC grew its position in JPMorgan Chase & Co. by 3.9% in the 4th quarter. KKM Financial LLC now owns 16,854 shares of the financial services provider’s stock worth $4,040,000 after purchasing an additional 640 shares in the last quarter. Finally, Coldstream Capital Management Inc. grew its position in JPMorgan Chase & Co. by 0.5% in the 4th quarter. Coldstream Capital Management Inc. now owns 90,855 shares of the financial services provider’s stock worth $21,779,000 after purchasing an additional 444 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on JPM. Citigroup set a $275.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Monday, July 7th. Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. TD Cowen began coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 15th. They issued a “buy” rating and a $305.00 price objective for the company. Truist Financial upped their price objective on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a “hold” rating in a research report on Wednesday, July 9th. Finally, Wells Fargo & Company upped their price objective on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $288.68.

JPMorgan Chase & Co. Stock Up 1.6%

JPM opened at $295.9920 on Friday. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The stock has a market cap of $813.90 billion, a price-to-earnings ratio of 15.19, a PEG ratio of 1.97 and a beta of 1.11. JPMorgan Chase & Co. has a twelve month low of $200.61 and a twelve month high of $301.29. The company’s 50-day moving average price is $288.92 and its two-hundred day moving average price is $264.42.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating analysts’ consensus estimates of $4.48 by $0.48. The firm had revenue of $44.91 billion for the quarter, compared to analysts’ expectations of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company’s quarterly revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $6.12 earnings per share. As a group, equities analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the transaction, the chief operating officer directly owned 62,455 shares in the company, valued at $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is currently owned by insiders.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.