Obermeyer Wood Investment Counsel Lllp Boosts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Obermeyer Wood Investment Counsel Lllp lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,120 shares of the financial services provider’s stock after buying an additional 1,147 shares during the quarter. Obermeyer Wood Investment Counsel Lllp’s holdings in JPMorgan Chase & Co. were worth $6,901,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GUNN & Co INVESTMENT MANAGEMENT INC. increased its holdings in JPMorgan Chase & Co. by 1,202.2% during the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 386,259 shares of the financial services provider’s stock worth $65,703,000 after purchasing an additional 356,596 shares during the period. Gilbert & Cook Inc. increased its holdings in JPMorgan Chase & Co. by 1.5% during the 4th quarter. Gilbert & Cook Inc. now owns 11,360 shares of the financial services provider’s stock worth $1,932,000 after purchasing an additional 164 shares during the period. Aveo Capital Partners LLC increased its holdings in JPMorgan Chase & Co. by 13.0% during the 4th quarter. Aveo Capital Partners LLC now owns 5,151 shares of the financial services provider’s stock worth $876,000 after purchasing an additional 591 shares during the period. LSV Asset Management increased its holdings in JPMorgan Chase & Co. by 5.5% during the 4th quarter. LSV Asset Management now owns 861,500 shares of the financial services provider’s stock worth $146,541,000 after purchasing an additional 44,700 shares during the period. Finally, Solano Wealth Management Inc. purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $402,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Down 2.3 %

Shares of NYSE JPM opened at $212.52 on Friday. The stock has a market cap of $610.29 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $225.48. The business has a 50-day moving average price of $211.25 and a 200 day moving average price of $199.90.

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 analysts’ consensus estimates of $4.19 by $1.93. The firm had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period in the prior year, the firm earned $4.37 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on JPM shares. Piper Sandler upped their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. UBS Group upped their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Evercore ISI upped their price objective on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. Finally, Jefferies Financial Group upped their price objective on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Nine research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $208.35.

Insider Buying and Selling at JPMorgan Chase & Co.

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

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, 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.