Evercore Wealth Management LLC Has $15.91 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

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Evercore Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 142,265 shares of the financial services provider’s stock after acquiring an additional 9,924 shares during the period. Evercore Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $15,905,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of JPM. Personal Wealth Partners bought a new stake in shares of JPMorgan Chase & Co. during the second quarter worth approximately $28,000. MRA Associates USA LLC bought a new stake in shares of JPMorgan Chase & Co. during the second quarter worth approximately $30,000. Global Trust Asset Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2,027.2% during the second quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 5,068 shares during the period. Titan Capital Management LLC CA bought a new stake in shares of JPMorgan Chase & Co. during the second quarter worth approximately $35,000. Finally, Smart Portfolios LLC boosted its holdings in shares of JPMorgan Chase & Co. by 29.6% during the fourth quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 114 shares during the period. Institutional investors own 72.23% of the company’s stock.

Shares of JPM stock opened at $120.23 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. The stock has a market cap of $377.02 billion, a P/E ratio of 12.33, a price-to-earnings-growth ratio of 1.70 and a beta of 1.19. The stock has a 50 day simple moving average of $110.76 and a 200 day simple moving average of $109.70. JPMorgan Chase & Co. has a 1 year low of $91.11 and a 1 year high of $120.40.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, topping 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 firm had revenue of $28.83 billion during the quarter, compared to analysts’ expectations of $28.52 billion. During the same period in the prior year, the company earned $2.29 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Analysts forecast that JPMorgan Chase & Co. will post 9.88 EPS 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mellody L. Hobson bought 18,200 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $109.91 per share, with a total value of $2,000,362.00. Following the completion of the purchase, 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 corporate insiders.

JPM has been the subject of a number of research analyst reports. Wells Fargo & Co set a $125.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 16th. Deutsche Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Friday, June 28th. 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. Goldman Sachs Group reiterated a “neutral” rating and issued a $117.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 16th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $121.94.

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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