Aries Wealth Management Acquires 131 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Aries Wealth Management increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 18,193 shares of the financial services provider’s stock after purchasing an additional 131 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.2% of Aries Wealth Management’s holdings, making the stock its 20th biggest holding. Aries Wealth Management’s holdings in JPMorgan Chase & Co. were worth $3,680,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of JPM. Gemmer Asset Management LLC increased its holdings in JPMorgan Chase & Co. by 1.6% during the second quarter. Gemmer Asset Management LLC now owns 3,135 shares of the financial services provider’s stock worth $634,000 after buying an additional 48 shares during the last quarter. Northside Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 0.7% during the second quarter. Northside Capital Management LLC now owns 6,750 shares of the financial services provider’s stock worth $1,365,000 after buying an additional 50 shares during the last quarter. Highland Financial Advisors LLC increased its holdings in JPMorgan Chase & Co. by 0.7% during the second quarter. Highland Financial Advisors LLC now owns 7,056 shares of the financial services provider’s stock worth $1,427,000 after buying an additional 50 shares during the last quarter. Capital Investment Counsel Inc increased its holdings in JPMorgan Chase & Co. by 0.7% during the second quarter. Capital Investment Counsel Inc now owns 7,482 shares of the financial services provider’s stock worth $1,513,000 after buying an additional 50 shares during the last quarter. Finally, Trust Co of the South increased its holdings in JPMorgan Chase & Co. by 1.1% during the first quarter. Trust Co of the South now owns 4,946 shares of the financial services provider’s stock worth $991,000 after buying an additional 53 shares during the last quarter. 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 stock in a transaction on Monday, June 10th. The stock was 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 directly owns 212,265 shares of the company’s stock, valued at approximately $42,355,358.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.79% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have commented on JPM shares. Morgan Stanley lifted their price objective on shares of JPMorgan Chase & Co. from $221.00 to $226.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 30th. Citigroup lifted their price objective 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. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Keefe, Bruyette & Woods lifted their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. Finally, Wells Fargo & Company lifted their price objective on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $205.71.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $219.17 on Tuesday. The stock has a market capitalization of $629.38 billion, a price-to-earnings ratio of 12.22, a PEG ratio of 2.42 and a beta of 1.12. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $219.68. The stock’s 50 day moving average price is $207.29 and its two-hundred day moving average price is $197.47. 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. (NYSE:JPM) last issued its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $42.23 billion. During the same period last year, the business earned $4.37 EPS. On average, equities analysts predict that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

JPMorgan Chase & Co. 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.