Versor Investments LP Takes $1.15 Million Position in JPMorgan Chase & Co. (NYSE:JPM)
Versor Investments LP has acquired a new stake in JPMorgan Chase & Co., purchasing 5,700 shares valued at approximately $153,000, as reported in their Q2 Form 13F filing with the SEC. Other institutions, including Instrumental Wealth LLC and Gemmer Asset Management LLC, also adjusted their holdings in JPMorgan. Insights from various research firms have set a consensus rating of 'Moderate Buy' for JPMorgan, indicating strong interest from analysts amidst changing valuations. The stock is currently valued at $144.46, with a 52-week range between $104.19 and $155.48.
Versor Investments LP acquired a new stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,700 shares of the financial services provider's stock, valued at approximately $1,153,000.
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Other hedge funds and other institutional investors have also made changes to their positions in the company. Instrumental Wealth LLC increased its holdings in shares of JPMorgan Chase & Co. by 4.5% in the 2nd quarter. Instrumental Wealth LLC now owns 1,101 shares of the financial services provider's stock valued at $230,000 after acquiring an additional 47 shares during the period. Gemmer Asset Management LLC grew its position in JPMorgan Chase & Co. by 1.6% in the 2nd quarter. Gemmer Asset Management LLC now owns 3,135 shares of the financial services provider's stock valued at $634,000 after buying an additional 48 shares during the last quarter. Great Point Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 0.9% in the 2nd quarter. Great Point Wealth Advisors LLC now owns 5,690 shares of the financial services provider's stock valued at $1,151,000 after buying an additional 48 shares during the last quarter. Northside Capital Management LLC grew its position in JPMorgan Chase & Co. by 0.7% in the 2nd quarter. Northside Capital Management LLC now owns 6,750 shares of the financial services provider's stock valued at $1,365,000 after buying an additional 50 shares during the last quarter. Finally, Highland Financial Advisors LLC grew its position in JPMorgan Chase & Co. by 0.7% in the 2nd quarter. Highland Financial Advisors LLC now owns 7,056 shares of the financial services provider's stock valued at $1,427,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.
Insider Activity at JPMorgan Chase & Co.
In related news, insider Ashley Bacon sold 5,086 shares of the business's stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the completion of the transaction, the insider now owns 212,265 shares of the company's stock, valued at approximately $42,355,358.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.79% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
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A number of research firms recently weighed in on JPM. UBS Group lifted 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. BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a "market perform" rating in a research report on Thursday, July 11th. Robert W. Baird lifted their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a "neutral" rating in a research report on Tuesday, May 21st. Evercore ISI lifted their price objective on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an "outperform" rating in a research report on Monday, July 15th. Finally, Citigroup boosted their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a "neutral" rating in a research report on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $211.44.
View Our Latest Report on JPM
JPMorgan Chase & Co. Price Performance
- Financial Sector Shines as Key Players Continue to Beat Earnings
JPMorgan Chase & Co. stock opened at $212.46 on Friday. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.48. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The firm's 50-day simple moving average is $211.25 and its 200 day simple moving average is $200.04. The firm has a market capitalization of $610.11 billion, a PE ratio of 11.85, a P/E/G ratio of 2.62 and a beta of 1.12.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $42.23 billion. During the same period in the previous year, the firm earned $4.37 EPS. On average, equities research analysts predict that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.
JPMorgan Chase & Co. Profile
(Free Report)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.
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