Occidental Asset Management LLC Acquires 3,622 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Occidental Asset Management LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 137.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,262 shares of the financial services provider’s stock after purchasing an additional 3,622 shares during the quarter. Occidental Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $700,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in JPM. New England Investment & Retirement Group Inc. raised its holdings in shares of JPMorgan Chase & Co. by 27.2% in the second quarter. New England Investment & Retirement Group Inc. now owns 6,695 shares of the financial services provider’s stock valued at $748,000 after acquiring an additional 1,433 shares in the last quarter. BTR Capital Management Inc. grew its stake in JPMorgan Chase & Co. by 0.7% in the second quarter. BTR Capital Management Inc. now owns 164,688 shares of the financial services provider’s stock valued at $18,412,000 after purchasing an additional 1,223 shares during the last quarter. Annex Advisory Services LLC grew its stake in JPMorgan Chase & Co. by 21.5% in the second quarter. Annex Advisory Services LLC now owns 27,273 shares of the financial services provider’s stock valued at $3,050,000 after purchasing an additional 4,834 shares during the last quarter. Thomasville National Bank grew its stake in JPMorgan Chase & Co. by 344.4% in the second quarter. Thomasville National Bank now owns 88,169 shares of the financial services provider’s stock valued at $9,857,000 after purchasing an additional 68,329 shares during the last quarter. Finally, Villere ST Denis J & Co. LLC grew its stake in JPMorgan Chase & Co. by 1.7% in the second quarter. Villere ST Denis J & Co. LLC now owns 132,125 shares of the financial services provider’s stock valued at $14,771,000 after purchasing an additional 2,180 shares during the last quarter. Institutional investors and hedge funds own 72.31% of the company’s stock.

Shares of JPM stock opened at $107.61 on Thursday. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $119.24. The firm has a market capitalization of $347.53 billion, a price-to-earnings ratio of 11.96, a PEG ratio of 1.56 and a beta of 1.16. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 0.97. The stock’s 50-day simple moving average is $112.30 and its 200-day simple moving average is $108.95.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The business had revenue of $28.83 billion for the quarter, compared to analyst estimates of $28.52 billion. During the same quarter in the previous year, the firm earned $2.29 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 9.91 earnings per share for the current year.

In other news, insider Lori A. Beer sold 13,341 shares of the business’s stock in a transaction dated Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the sale, the insider now owns 10,130 shares in the company, valued at $1,157,656.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mellody L. Hobson purchased 18,200 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were acquired at an average price of $109.91 per share, for a total transaction of $2,000,362.00. Following the purchase, the director now directly owns 7,804 shares of the company’s stock, valued at approximately $857,737.64. The disclosure for this purchase can be found here. 0.76% of the stock is currently owned by insiders.

Several research firms have issued reports on JPM. DZ Bank reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday. Morgan Stanley set a $122.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, August 9th. Goldman Sachs Group reiterated a “neutral” rating and issued a $117.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. Royal Bank of Canada reiterated a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 16th. Finally, Deutsche Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Friday, June 28th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $121.94.

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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