JPMorgan Chase & Co. (NYSE:JPM) Stake Raised by Steigerwald Gordon & Koch Inc.

Steigerwald Gordon & Koch Inc. raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 131,234 shares of the financial services provider’s stock after buying an additional 1,042 shares during the period. JPMorgan Chase & Co. makes up approximately 3.2% of Steigerwald Gordon & Koch Inc.’s portfolio, making the stock its 5th largest position. Steigerwald Gordon & Koch Inc.’s holdings in JPMorgan Chase & Co. were worth $26,543,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Wellington Wealth Strategies LLC. purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $1,145,000. Cooper Financial Group increased its position in shares of JPMorgan Chase & Co. by 12.8% in the 1st quarter. Cooper Financial Group now owns 8,693 shares of the financial services provider’s stock valued at $1,741,000 after purchasing an additional 984 shares during the last quarter. Spartan Planning & Wealth Management increased its position in shares of JPMorgan Chase & Co. by 257.3% in the 4th quarter. Spartan Planning & Wealth Management now owns 3,780 shares of the financial services provider’s stock valued at $643,000 after purchasing an additional 2,722 shares during the last quarter. jvl associates llc raised its holdings in shares of JPMorgan Chase & Co. by 59.8% in the 1st quarter. jvl associates llc now owns 1,911 shares of the financial services provider’s stock valued at $383,000 after purchasing an additional 715 shares in the last quarter. Finally, MMA Asset Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth $207,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on JPM. Royal Bank of Canada restated an “outperform” rating and issued a $211.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Wolfe Research cut JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Tuesday, July 9th. Oppenheimer boosted their price objective on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $211.06.

JPMorgan Chase & Co. Stock Down 1.1 %

JPM opened at $204.32 on Monday. 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 $211.34 and a two-hundred day moving average price of $201.04. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The company has a market cap of $586.74 billion, a PE ratio of 11.40, a P/E/G ratio of 2.33 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released 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. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The business had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. During the same quarter in the previous year, the company posted $4.37 earnings per share. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 16.78 EPS for the current year.

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.