Clearwater Capital Advisors LLC Buys 1,125 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Clearwater Capital Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 86.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,425 shares of the financial services provider’s stock after purchasing an additional 1,125 shares during the quarter. Clearwater Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $491,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Retirement Group LLC lifted its stake in shares of JPMorgan Chase & Co. by 227.1% in the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after buying an additional 109 shares during the period. Richardson Capital Management LLC acquired a new position in JPMorgan Chase & Co. in the 1st quarter valued at approximately $34,000. Anfield Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter worth approximately $34,000. Davidson Capital Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $37,000. Finally, Kathleen S. Wright Associates Inc. bought a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $40,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Price Performance

JPM opened at $204.32 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $581.33 billion, a P/E ratio of 11.40, a price-to-earnings-growth ratio of 2.33 and a beta of 1.12. The company’s 50 day simple moving average is $211.34 and its 200-day simple moving average is $200.80. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The firm had revenue of $50.80 billion for the quarter, compared to analyst estimates 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 last year, the company earned $4.37 EPS. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $235.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Jefferies Financial Group upped their target price on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Oppenheimer upped their price objective on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Wolfe Research downgraded JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Finally, Morgan Stanley lowered their price target on JPMorgan Chase & Co. from $226.00 to $220.00 and set an “overweight” rating on the stock in a research report on Thursday. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $211.06.

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.