Tiemann Investment Advisors LLC Purchases 100 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Tiemann Investment Advisors LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,339 shares of the financial services provider’s stock after buying an additional 100 shares during the period. JPMorgan Chase & Co. accounts for about 2.6% of Tiemann Investment Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Tiemann Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $3,616,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Thoroughbred Financial Services LLC raised its stake in shares of JPMorgan Chase & Co. by 11,601.0% in the second quarter. Thoroughbred Financial Services LLC now owns 4,973,970 shares of the financial services provider’s stock worth $497,397,000 after acquiring an additional 4,931,461 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of JPMorgan Chase & Co. in the second quarter worth about $331,575,000. Bessemer Group Inc. raised its stake in shares of JPMorgan Chase & Co. by 179.6% in the second quarter. Bessemer Group Inc. now owns 3,508,417 shares of the financial services provider’s stock worth $392,240,000 after acquiring an additional 2,253,764 shares during the last quarter. Winslow Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. in the second quarter worth about $179,688,000. Finally, Acadian Asset Management LLC raised its stake in shares of JPMorgan Chase & Co. by 82.4% in the second quarter. Acadian Asset Management LLC now owns 2,076,323 shares of the financial services provider’s stock worth $232,129,000 after acquiring an additional 937,836 shares during the last quarter. Hedge funds and other institutional investors own 72.23% of the company’s stock.

In other news, Director Mellody L. Hobson bought 18,200 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $109.91 per share, with a total value of $2,000,362.00. Following the completion of the purchase, the director now owns 7,804 shares of the company’s stock, valued at $857,737.64. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Peter Scher sold 10,816 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,243,840.00. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

Shares of JPM traded up $2.03 on Friday, reaching $119.94. 11,612,766 shares of the company’s stock were exchanged, compared to its average volume of 10,656,794. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22. The stock has a market capitalization of $373.69 billion, a P/E ratio of 13.33, a price-to-earnings-growth ratio of 1.69 and a beta of 1.19. The business has a 50 day moving average price of $110.70 and a two-hundred day moving average price of $109.63. JPMorgan Chase & Co. has a 12 month low of $91.11 and a 12 month high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted 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. The business had revenue of $28.83 billion during the quarter, compared to the consensus estimate of $28.52 billion. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. JPMorgan Chase & Co.’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.29 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post 9.91 EPS for the current year.

A number of equities analysts have weighed in on the stock. Morgan Stanley set a $122.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, August 9th. ValuEngine raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Wednesday, September 4th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 16th. Wells Fargo & Co set a $125.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, August 16th. Finally, Deutsche Bank reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Friday, June 28th. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. JPMorgan Chase & Co. currently has an average rating of “Hold” and an average target price of $121.94.

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 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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