JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Accredited Investors Inc.

Accredited Investors Inc. raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,174 shares of the financial services provider’s stock after purchasing an additional 667 shares during the quarter. Accredited Investors Inc.’s holdings in JPMorgan Chase & Co. were worth $2,867,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. grew its position in JPMorgan Chase & Co. by 0.8% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 4,306,100 shares of the financial services provider’s stock valued at $870,952,000 after buying an additional 32,925 shares in the last quarter. Brand Asset Management Group Inc. raised its position in shares of JPMorgan Chase & Co. by 115.1% during the 2nd quarter. Brand Asset Management Group Inc. now owns 2,323 shares of the financial services provider’s stock worth $470,000 after buying an additional 1,243 shares in the last quarter. Apollon Financial LLC lifted its stake in shares of JPMorgan Chase & Co. by 4.6% in the 2nd quarter. Apollon Financial LLC now owns 4,824 shares of the financial services provider’s stock worth $976,000 after acquiring an additional 212 shares during the period. Sara Bay Financial boosted its holdings in shares of JPMorgan Chase & Co. by 12.2% in the second quarter. Sara Bay Financial now owns 69,801 shares of the financial services provider’s stock valued at $14,118,000 after acquiring an additional 7,590 shares in the last quarter. Finally, Milestone Asset Management LLC increased its stake in shares of JPMorgan Chase & Co. by 93.1% during the second quarter. Milestone Asset Management LLC now owns 7,868 shares of the financial services provider’s stock valued at $1,591,000 after acquiring an additional 3,793 shares during the period. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In related news, insider Ashley Bacon sold 5,086 shares of the 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 sale, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.79% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on JPM shares. Jefferies Financial Group upped their target price on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Wells Fargo & Company raised their price objective on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Finally, Evercore ISI raised their price objective on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $205.71.

JPMorgan Chase & Co. Stock Performance

JPM opened at $214.48 on Tuesday. The stock has a 50-day moving average of $204.99 and a 200-day moving average of $196.00. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $217.56. The company has a market cap of $615.92 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share (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 during the quarter, compared to the consensus estimate of $42.23 billion. During the same period in the prior year, the firm earned $4.37 EPS. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

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, 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.