JPMorgan Chase & Co. (NYSE:JPM) Position Increased by Tlwm

Tlwm grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,506 shares of the financial services provider’s stock after purchasing an additional 74 shares during the period. JPMorgan Chase & Co. comprises 0.5% of Tlwm’s portfolio, making the stock its 18th largest holding. Tlwm’s holdings in JPMorgan Chase & Co. were worth $1,320,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of JPM. Geode Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 2.1% in the first quarter. Geode Capital Management LLC now owns 45,440,168 shares of the financial services provider’s stock worth $6,896,852,000 after buying an additional 925,022 shares during the last quarter. Capital International Investors boosted its position in JPMorgan Chase & Co. by 7.8% during the first quarter. Capital International Investors now owns 38,321,985 shares of the financial services provider’s stock worth $5,834,601,000 after purchasing an additional 2,769,555 shares during the period. Bank of New York Mellon Corp boosted its position in JPMorgan Chase & Co. by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 30,434,951 shares of the financial services provider’s stock worth $4,633,113,000 after purchasing an additional 602,639 shares during the period. Nuveen Asset Management LLC boosted its position in JPMorgan Chase & Co. by 0.8% during the first quarter. Nuveen Asset Management LLC now owns 21,649,149 shares of the financial services provider’s stock worth $3,295,649,000 after purchasing an additional 178,676 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its position in JPMorgan Chase & Co. by 10.1% during the first quarter. UBS Asset Management Americas Inc. now owns 14,424,504 shares of the financial services provider’s stock worth $2,195,842,000 after purchasing an additional 1,323,812 shares during the period. Institutional investors own 69.67% of the company’s stock.

JPM stock traded up $0.64 during midday trading on Wednesday, hitting $157.71. The stock had a trading volume of 455,764 shares, compared to its average volume of 13,698,431. The firm has a market capitalization of $471.26 billion, a price-to-earnings ratio of 10.44, a P/E/G ratio of 2.24 and a beta of 1.20. JPMorgan Chase & Co. has a 52 week low of $91.38 and a 52 week high of $167.44. The stock has a 50-day simple moving average of $156.08 and a 200 day simple moving average of $156.05. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.18.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Monday, July 12th. The financial services provider reported $3.78 EPS for the quarter, topping the consensus estimate of $3.09 by $0.69. The firm had revenue of $30.50 billion during the quarter, compared to analysts’ expectations of $29.71 billion. JPMorgan Chase & Co. had a return on equity of 19.26% and a net margin of 37.71%. JPMorgan Chase & Co.’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period last year, the business earned $1.38 earnings per share. On average, equities analysts forecast that JPMorgan Chase & Co. will post 14.05 EPS for the current year.

A number of brokerages have issued reports on JPM. Morgan Stanley upped their target price on JPMorgan Chase & Co. from $150.00 to $166.00 and gave the stock an “underweight” rating in a research report on Thursday, July 29th. BMO Capital Markets upped their target price on JPMorgan Chase & Co. from $136.00 to $141.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 14th. Barclays set a $187.00 target price on JPMorgan Chase & Co. in a research report on Wednesday, July 14th. Credit Suisse Group set a $177.00 price objective on JPMorgan Chase & Co. in a research report on Monday, August 23rd. Finally, Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, June 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Buy” and a consensus target price of $167.06.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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