Executive Wealth Management LLC Buys 930 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Executive Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 54,911 shares of the financial services provider’s stock after purchasing an additional 930 shares during the quarter. JPMorgan Chase & Co. comprises 2.0% of Executive Wealth Management LLC’s portfolio, making the stock its 14th largest holding. Executive Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $11,106,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Retirement Group LLC boosted its position in JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 109 shares during the period. Richardson Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter worth $34,000. Anfield Capital Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter worth $34,000. Davidson Capital Management Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter worth $37,000. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter worth $40,000. Institutional investors own 71.55% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $211.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Jefferies Financial Group raised their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Oppenheimer raised 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 note on Monday, July 15th. Finally, Morgan Stanley lowered their price objective on shares of JPMorgan Chase & Co. from $226.00 to $220.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $211.06.

JPMorgan Chase & Co. Stock Up 0.8 %

Shares of NYSE JPM opened at $209.50 on Wednesday. The stock has a market cap of $601.61 billion, a PE ratio of 11.68, a PEG ratio of 2.33 and a beta of 1.12. The business has a fifty day moving average of $211.43 and a two-hundred day moving average of $201.36. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $225.48. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91.

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, beating analysts’ consensus estimates of $4.19 by $1.93. The company 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 last year, the business earned $4.37 earnings per share. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal 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.