McKinley Carter Wealth Services Inc. Grows Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

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McKinley Carter Wealth Services Inc. boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,670 shares of the financial services provider’s stock after buying an additional 249 shares during the period. McKinley Carter Wealth Services Inc.’s holdings in JPMorgan Chase & Co. were worth $969,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in JPM. F3Logic LLC increased its stake in JPMorgan Chase & Co. by 24.6% in the second quarter. F3Logic LLC now owns 7,969 shares of the financial services provider’s stock worth $889,000 after purchasing an additional 1,571 shares during the period. Markel Corp increased its stake in JPMorgan Chase & Co. by 1.3% in the second quarter. Markel Corp now owns 188,550 shares of the financial services provider’s stock worth $21,080,000 after purchasing an additional 2,400 shares during the period. Everence Capital Management Inc. increased its stake in JPMorgan Chase & Co. by 4.2% in the second quarter. Everence Capital Management Inc. now owns 72,634 shares of the financial services provider’s stock worth $8,120,000 after purchasing an additional 2,920 shares during the period. Capital City Trust Co. FL purchased a new stake in JPMorgan Chase & Co. in the second quarter worth $207,000. Finally, Jones Financial Companies Lllp increased its stake in JPMorgan Chase & Co. by 3.3% in the second quarter. Jones Financial Companies Lllp now owns 130,351 shares of the financial services provider’s stock worth $14,574,000 after purchasing an additional 4,201 shares during the period. Institutional investors own 72.31% of the company’s stock.

In related news, insider Lori A. Beer sold 13,341 shares of the firm’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the sale, the insider now owns 10,130 shares of the company’s stock, valued at $1,157,656.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Peter Scher sold 10,816 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $115.00, for a total value of $1,243,840.00. The disclosure for this sale can be found here. 0.76% of the stock is owned by company insiders.

Several brokerages have recently commented on JPM. Wells Fargo & Co set a $125.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, August 16th. Morgan Stanley set a $122.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, August 9th. Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. DZ Bank restated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday. Finally, Royal Bank of Canada restated a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $121.94.

Shares of JPM stock opened at $107.98 on Friday. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $119.24. The stock’s 50-day moving average is $112.23 and its 200 day moving average is $108.98. The company has a market cap of $343.12 billion, a P/E ratio of 12.00, a PEG ratio of 1.55 and a beta of 1.16. 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 for the quarter, beating analysts’ consensus estimates of $2.50 by $0.32. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The company had revenue of $28.83 billion for the quarter, compared to the consensus estimate of $28.52 billion. During the same quarter last year, the company earned $2.29 earnings per share. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. On average, analysts anticipate that JPMorgan Chase & Co. will post 9.91 EPS 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 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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