Markel Corp Acquires 2,400 Shares of JPMorgan Chase & Co. (NYSE:JPM)

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Markel Corp lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.3% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 188,550 shares of the financial services provider’s stock after acquiring an additional 2,400 shares during the quarter. Markel Corp’s holdings in JPMorgan Chase & Co. were worth $21,080,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also made changes to their positions in JPM. New England Investment & Retirement Group Inc. grew its stake in shares of JPMorgan Chase & Co. by 27.2% in the second 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 stake in shares of JPMorgan Chase & Co. by 0.7% in the second quarter. BTR Capital Management Inc. now owns 164,688 shares of the financial services provider’s stock worth $18,412,000 after acquiring an additional 1,223 shares during the last quarter. Annex Advisory Services LLC grew its stake in shares of JPMorgan Chase & Co. by 21.5% in the second quarter. Annex Advisory Services LLC now owns 27,273 shares of the financial services provider’s stock worth $3,050,000 after acquiring an additional 4,834 shares during the last quarter. Thomasville National Bank grew its stake in shares of JPMorgan Chase & Co. by 344.4% in the second quarter. Thomasville National Bank now owns 88,169 shares of the financial services provider’s stock worth $9,857,000 after acquiring an additional 68,329 shares during the last quarter. Finally, Occidental Asset Management LLC grew its stake in shares of JPMorgan Chase & Co. by 137.2% in the second quarter. Occidental Asset Management LLC now owns 6,262 shares of the financial services provider’s stock worth $700,000 after acquiring an additional 3,622 shares during the last quarter. Institutional investors own 72.31% of the company’s stock.

A number of research firms have recently commented on JPM. Morgan Stanley set a $122.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, August 9th. Royal Bank of Canada reissued a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 16th. Goldman Sachs Group reissued a “neutral” rating and issued a $117.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. Wells Fargo & Co set a $125.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, ValuEngine cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. currently has an average rating of “Hold” and an average target price of $121.94.

JPMorgan Chase & Co. stock opened at $107.98 on Friday. 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. has a one year low of $91.11 and a one year high of $119.24. The stock has a market capitalization of $343.12 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16. The business’s fifty day moving average is $112.23 and its 200 day moving average is $108.98.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, beating the consensus estimate 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 analysts’ expectations of $28.52 billion. During the same period last year, the firm posted $2.29 earnings per share. JPMorgan Chase & Co.’s revenue was up 3.9% compared to the same quarter last year. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 9.91 EPS for the current fiscal year.

In other JPMorgan Chase & Co. 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 value of $1,524,609.48. Following the transaction, the insider now directly owns 10,130 shares of the company’s stock, valued at $1,157,656.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mellody L. Hobson bought 18,200 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was purchased at an average cost of $109.91 per share, for a total transaction 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 approximately $857,737.64. The disclosure for this purchase can be found here. Company insiders own 0.76% of the company’s stock.

About JPMorgan Chase & Co.

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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