Waddell & Associates LLC Has $2.40 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Waddell & Associates LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,850 shares of the financial services provider’s stock after acquiring an additional 201 shares during the quarter. Waddell & Associates LLC’s holdings in JPMorgan Chase & Co. were worth $2,397,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Prestige Wealth Management Group LLC grew its holdings in JPMorgan Chase & Co. by 43.2% during the 2nd quarter. Prestige Wealth Management Group LLC now owns 21,785 shares of the financial services provider’s stock worth $4,406,000 after acquiring an additional 6,574 shares during the last quarter. Triasima Portfolio Management inc. grew its stake in shares of JPMorgan Chase & Co. by 1.5% during the second quarter. Triasima Portfolio Management inc. now owns 20,777 shares of the financial services provider’s stock valued at $4,202,000 after purchasing an additional 300 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.4% in the second quarter. Ballentine Partners LLC now owns 81,485 shares of the financial services provider’s stock valued at $16,481,000 after purchasing an additional 1,097 shares in the last quarter. Koss Olinger Consulting LLC acquired a new position in JPMorgan Chase & Co. during the 2nd quarter worth $680,000. Finally, Caprock Group LLC boosted its position in JPMorgan Chase & Co. by 100.3% in the 2nd quarter. Caprock Group LLC now owns 75,977 shares of the financial services provider’s stock valued at $15,367,000 after buying an additional 38,047 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $204.32 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $581.33 billion, a price-to-earnings ratio of 11.40, a PEG ratio of 2.33 and a beta of 1.12. The business has a 50 day simple moving average of $211.34 and a 200 day simple moving average of $200.80. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $225.48.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on JPM. Robert W. Baird lifted their price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 21st. Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Tuesday, July 9th. UBS Group lifted their target price on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Finally, Wolfe Research cut JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $211.06.

JPMorgan Chase & Co. 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.