JPMorgan Chase & Co. (NYSE:JPM) Stake Lifted by Mid Atlantic Financial Management Inc. ADV

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Mid Atlantic Financial Management Inc. ADV increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,118 shares of the financial services provider’s stock after acquiring an additional 645 shares during the period. Mid Atlantic Financial Management Inc. ADV’s holdings in JPMorgan Chase & Co. were worth $5,044,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of JPM. Enterprise Trust & Investment Co purchased a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $795,000. Paragon Capital Management LLC lifted its position in shares of JPMorgan Chase & Co. by 6.3% in the 2nd quarter. Paragon Capital Management LLC now owns 1,978 shares of the financial services provider’s stock valued at $221,000 after acquiring an additional 117 shares in the last quarter. MRA Associates USA LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $30,000. MCF Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 21.7% in the 2nd quarter. MCF Advisors LLC now owns 10,100 shares of the financial services provider’s stock valued at $1,129,000 after acquiring an additional 1,804 shares in the last quarter. Finally, AMI Investment Management Inc. lifted its position in shares of JPMorgan Chase & Co. by 3.3% in the 2nd quarter. AMI Investment Management Inc. now owns 68,333 shares of the financial services provider’s stock valued at $7,640,000 after acquiring an additional 2,195 shares in the last quarter. Institutional investors and hedge funds own 72.31% of the company’s stock.

Several equities research analysts recently commented on JPM shares. Royal Bank of Canada restated a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 16th. Morgan Stanley set a $122.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, August 9th. Deutsche Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. ValuEngine downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Finally, Goldman Sachs Group restated a “neutral” rating and issued a $117.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the company’s stock. JPMorgan Chase & Co. presently has an average rating of “Hold” and an average target price of $121.94.

JPM stock opened at $105.80 on Wednesday. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $119.24. 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 company has a market cap of $339.00 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 1.53 and a beta of 1.16. The company has a 50 day moving average of $111.52 and a two-hundred day moving average of $109.04.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.32. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The company had revenue of $28.83 billion during the quarter, compared to the consensus estimate of $28.52 billion. During the same quarter in the prior year, the firm earned $2.29 EPS. The company’s revenue was up 3.9% compared to the same quarter last year. On average, research analysts anticipate that JPMorgan Chase & Co. will post 9.91 EPS for the current year.

In related news, Director Mellody L. Hobson bought 18,200 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was bought at an average price of $109.91 per share, for a total transaction of $2,000,362.00. Following the transaction, the director now directly owns 7,804 shares in the company, valued at $857,737.64. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Peter Scher sold 10,816 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $115.00, for a total transaction of $1,243,840.00. The disclosure for this sale can be found here. 0.76% of the stock is owned by corporate 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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