JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Institute for Wealth Management LLC.

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Institute for Wealth Management LLC. grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 12.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,527 shares of the financial services provider’s stock after purchasing an additional 2,944 shares during the quarter. JPMorgan Chase & Co. accounts for 0.7% of Institute for Wealth Management LLC.’s investment portfolio, making the stock its 22nd biggest position. Institute for Wealth Management LLC.’s holdings in JPMorgan Chase & Co. were worth $2,966,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of the business. McKinley Carter Wealth Services Inc. lifted its stake in shares of JPMorgan Chase & Co. by 3.0% during the second quarter. McKinley Carter Wealth Services Inc. now owns 8,670 shares of the financial services provider’s stock worth $969,000 after purchasing an additional 249 shares in the last quarter. F3Logic LLC lifted its stake in shares of JPMorgan Chase & Co. by 24.6% during 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 in the last quarter. Markel Corp lifted its stake in shares of JPMorgan Chase & Co. by 1.3% during 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 in the last quarter. Everence Capital Management Inc. lifted its stake in shares of JPMorgan Chase & Co. by 4.2% during 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 in the last quarter. Finally, Capital City Trust Co. FL acquired a new position in shares of JPMorgan Chase & Co. during the second quarter worth about $207,000. Institutional investors own 72.31% of the company’s stock.

A number of analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $120.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 16th. Morgan Stanley set a $122.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, August 9th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $117.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. ValuEngine lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Finally, Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the company’s stock. JPMorgan Chase & Co. has an average rating of “Hold” and a consensus price target of $121.94.

Shares of JPMorgan Chase & Co. stock opened at $107.98 on Friday. 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 firm has a market cap of $343.12 billion, a P/E ratio of 12.00, a P/E/G ratio of 1.55 and a beta of 1.16. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $119.24. The business has a 50-day moving average price of $112.23 and a 200 day moving average price of $108.98.

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

In other JPMorgan Chase & Co. news, EVP Peter Scher sold 10,816 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $115.00, for a total value of $1,243,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mellody L. Hobson bought 18,200 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $109.91 per share, with a total value of $2,000,362.00. Following the completion of the transaction, the director now directly owns 7,804 shares of the company’s stock, valued at $857,737.64. The disclosure for this purchase can be found here. 0.76% of the stock is owned by insiders.

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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