ACR Alpine Capital Research LLC Has $203.67 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

ACR Alpine Capital Research LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,006,985 shares of the financial services provider’s stock after selling 10,624 shares during the period. JPMorgan Chase & Co. comprises 6.3% of ACR Alpine Capital Research LLC’s holdings, making the stock its 7th biggest holding. ACR Alpine Capital Research LLC’s holdings in JPMorgan Chase & Co. were worth $203,673,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ritholtz Wealth Management boosted its holdings in JPMorgan Chase & Co. by 0.5% during the 2nd quarter. Ritholtz Wealth Management now owns 72,295 shares of the financial services provider’s stock valued at $14,622,000 after acquiring an additional 374 shares during the period. Auxano Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 2.1% during the second quarter. Auxano Advisors LLC now owns 11,425 shares of the financial services provider’s stock worth $2,311,000 after purchasing an additional 231 shares during the last quarter. Waldron Private Wealth LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.7% during the second quarter. Waldron Private Wealth LLC now owns 44,779 shares of the financial services provider’s stock valued at $9,057,000 after purchasing an additional 319 shares during the period. Claro Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 3.6% in the second quarter. Claro Advisors LLC now owns 42,847 shares of the financial services provider’s stock worth $8,666,000 after purchasing an additional 1,508 shares during the last quarter. Finally, Summit Financial LLC increased its stake in JPMorgan Chase & Co. by 89.8% in the 2nd quarter. Summit Financial LLC now owns 73,949 shares of the financial services provider’s stock worth $14,957,000 after buying an additional 34,990 shares during the period. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $212.52 on Friday. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $225.48. The business’s fifty day simple moving average is $211.25 and its 200-day simple moving average is $199.90. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The company has a market cap of $610.29 billion, a PE ratio of 11.85, a PEG ratio of 2.62 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. During the same period in the prior year, the company posted $4.37 EPS. Analysts expect that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the sale, the insider now owns 212,265 shares of the company’s stock, valued at approximately $42,355,358.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.79% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Jefferies Financial Group raised their target price on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $221.00 to $226.00 and gave the company an “overweight” rating in a research report on Tuesday, July 30th. BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Finally, Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research note on Monday, July 15th. Nine analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $208.35.

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.