Ade LLC Purchases 105 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Ade LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 6.2% in the second quarter, HoldingsChannel.com reports. The fund owned 1,797 shares of the financial services provider’s stock after buying an additional 105 shares during the period. Ade LLC’s holdings in JPMorgan Chase & Co. were worth $363,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of JPM. International Assets Investment Management LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $55,033,000. Tennessee Valley Asset Management Partners lifted its position in JPMorgan Chase & Co. by 2.3% during the fourth quarter. Tennessee Valley Asset Management Partners now owns 6,550 shares of the financial services provider’s stock worth $1,114,000 after acquiring an additional 150 shares during the last quarter. Simplicity Solutions LLC boosted its holdings in shares of JPMorgan Chase & Co. by 2.7% during the fourth quarter. Simplicity Solutions LLC now owns 96,146 shares of the financial services provider’s stock worth $16,354,000 after acquiring an additional 2,537 shares during the period. Crestwood Advisors Group LLC grew its position in shares of JPMorgan Chase & Co. by 0.8% in the fourth quarter. Crestwood Advisors Group LLC now owns 246,401 shares of the financial services provider’s stock valued at $41,913,000 after purchasing an additional 1,961 shares during the last quarter. Finally, MV Capital Management Inc. increased its stake in shares of JPMorgan Chase & Co. by 0.8% during the fourth quarter. MV Capital Management Inc. now owns 29,651 shares of the financial services provider’s stock worth $5,044,000 after purchasing an additional 241 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 5,086 shares of the business’s stock in a transaction on 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 sale, the insider now owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.6 %

JPMorgan Chase & Co. stock traded up $1.39 during trading hours on Monday, hitting $215.36. The stock had a trading volume of 1,513,232 shares, compared to its average volume of 9,172,635. The business’s 50 day simple moving average is $204.67 and its 200-day simple moving average is $195.71. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $217.56. The stock has a market cap of $618.44 billion, a price-to-earnings ratio of 12.00, a P/E/G ratio of 2.42 and a beta of 1.12. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The company had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter in the prior year, the firm posted $4.37 earnings per share. On average, equities analysts predict that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. UBS Group boosted their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Robert W. Baird boosted their target price 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 raised their price target on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Finally, BMO Capital Markets raised their target price on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $205.71.

About JPMorgan Chase & Co.

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.