FARMERS & MERCHANTS TRUST Co OF LONG BEACH Has $8.81 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,566 shares of the financial services provider’s stock after selling 1,835 shares during the quarter. JPMorgan Chase & Co. makes up approximately 2.3% of FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings, making the stock its 10th biggest holding. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in JPMorgan Chase & Co. were worth $8,812,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Daiwa Securities Group Inc. increased its position in JPMorgan Chase & Co. by 13.5% in the second quarter. Daiwa Securities Group Inc. now owns 420,057 shares of the financial services provider’s stock worth $84,961,000 after buying an additional 49,937 shares during the period. Hutchinson Capital Management CA increased its holdings in shares of JPMorgan Chase & Co. by 143.5% in the 2nd quarter. Hutchinson Capital Management CA now owns 5,089 shares of the financial services provider’s stock worth $1,029,000 after acquiring an additional 2,999 shares during the period. Andra AP fonden lifted its position in JPMorgan Chase & Co. by 82.2% in the 2nd quarter. Andra AP fonden now owns 270,000 shares of the financial services provider’s stock valued at $54,610,000 after purchasing an additional 121,800 shares during the last quarter. Sachetta LLC boosted its stake in JPMorgan Chase & Co. by 10.3% during the 2nd quarter. Sachetta LLC now owns 5,527 shares of the financial services provider’s stock valued at $1,192,000 after purchasing an additional 516 shares during the period. Finally, Dorsey & Whitney Trust CO LLC grew its position in JPMorgan Chase & Co. by 2.8% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 93,354 shares of the financial services provider’s stock worth $18,882,000 after purchasing an additional 2,565 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JPM. BMO Capital Markets lifted their price target on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Piper Sandler boosted their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Keefe, Bruyette & Woods raised 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 upped their price objective on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Finally, Robert W. Baird raised their target price on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Eight research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $211.06.

JPMorgan Chase & Co. Stock Down 1.1 %

JPM stock opened at $204.32 on Monday. 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 firm has a market capitalization of $586.74 billion, a P/E ratio of 11.40, a P/E/G ratio of 2.33 and a beta of 1.12. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $225.48. The company’s 50 day simple moving average is $211.34 and its 200-day simple moving average is $201.04.

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 the consensus estimate of $4.19 by $1.93. The company had revenue of $50.80 billion for 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 period in the previous year, the business earned $4.37 EPS. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 16.78 EPS for the current year.

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.