Jupiter Asset Management Ltd. Increases Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Jupiter Asset Management Ltd. increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 13.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 235,360 shares of the financial services provider’s stock after buying an additional 27,914 shares during the quarter. Jupiter Asset Management Ltd.’s holdings in JPMorgan Chase & Co. were worth $47,604,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Retirement Group LLC raised its stake in shares of JPMorgan Chase & Co. by 227.1% during the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 109 shares during the period. Richardson Capital Management LLC purchased a new position in JPMorgan Chase & Co. in the 1st quarter worth approximately $34,000. Anfield Capital Management LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at about $34,000. Davidson Capital Management Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth approximately $37,000. Finally, Vermillion & White Wealth Management Group LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $40,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on JPM. Oppenheimer raised their price target 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. Evercore ISI increased their price objective on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Royal Bank of Canada reissued an “outperform” rating and set a $211.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Barclays raised their price target on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Finally, UBS Group boosted their price objective on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research report 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 data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $211.06.

JPMorgan Chase & Co. Trading Up 1.7 %

Shares of NYSE JPM opened at $207.86 on Tuesday. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $225.48. 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 50-day moving average of $211.40 and a 200 day moving average of $201.19. The stock has a market cap of $596.90 billion, a P/E ratio of 11.59, a price-to-earnings-growth ratio of 2.33 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The business had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter last year, the firm earned $4.37 earnings per share. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal 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.