JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Spectrum Management Group Inc.

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Spectrum Management Group Inc. boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 8.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,794 shares of the financial services provider’s stock after buying an additional 3,571 shares during the quarter. JPMorgan Chase & Co. makes up about 1.5% of Spectrum Management Group Inc.’s holdings, making the stock its 11th largest position. Spectrum Management Group Inc.’s holdings in JPMorgan Chase & Co. were worth $5,232,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. New England Investment & Retirement Group Inc. boosted its stake in JPMorgan Chase & Co. by 27.2% during the 2nd quarter. New England Investment & Retirement Group Inc. now owns 6,695 shares of the financial services provider’s stock worth $748,000 after acquiring an additional 1,433 shares during the last quarter. BTR Capital Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.7% during the second quarter. BTR Capital Management Inc. now owns 164,688 shares of the financial services provider’s stock worth $18,412,000 after buying an additional 1,223 shares during the last quarter. Annex Advisory Services LLC grew its holdings in shares of JPMorgan Chase & Co. by 21.5% during the second quarter. Annex Advisory Services LLC now owns 27,273 shares of the financial services provider’s stock worth $3,050,000 after buying an additional 4,834 shares during the last quarter. Thomasville National Bank grew its holdings in shares of JPMorgan Chase & Co. by 344.4% during the second quarter. Thomasville National Bank now owns 88,169 shares of the financial services provider’s stock worth $9,857,000 after buying an additional 68,329 shares during the last quarter. Finally, Occidental Asset Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 137.2% during the second quarter. Occidental Asset Management LLC now owns 6,262 shares of the financial services provider’s stock worth $700,000 after buying an additional 3,622 shares during the last quarter. 72.31% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have issued reports on JPM. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Deutsche Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, June 28th. DZ Bank reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Goldman Sachs Group reiterated a “neutral” rating and issued a $117.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Finally, Wells Fargo & Co set a $125.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 16th. One investment 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. JPMorgan Chase & Co. has a consensus rating of “Hold” and an average price target of $121.94.

NYSE JPM opened at $107.98 on Friday. The stock’s 50-day moving average price is $112.23 and its 200-day moving average price is $108.98. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.22. JPMorgan Chase & Co. has a 52 week low of $91.11 and a 52 week high of $119.24. The company has a market capitalization of $343.12 billion, a P/E ratio of 12.00, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.32. The business 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 revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the company posted $2.29 EPS. Research analysts anticipate that JPMorgan Chase & Co. will post 9.91 EPS for the current year.

In related news, Director Mellody L. Hobson acquired 18,200 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was acquired at an average price of $109.91 per share, with a total value of $2,000,362.00. Following the acquisition, the director now directly owns 7,804 shares in the company, valued at approximately $857,737.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Peter Scher sold 10,816 shares of the business’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 currently owned by insiders.

JPMorgan Chase & Co. 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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