Baltimore Washington Financial Advisors Inc. Has $22.43 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Baltimore Washington Financial Advisors Inc. boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 110,917 shares of the financial services provider’s stock after purchasing an additional 3,411 shares during the period. JPMorgan Chase & Co. comprises approximately 1.3% of Baltimore Washington Financial Advisors Inc.’s holdings, making the stock its 26th largest position. Baltimore Washington Financial Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $22,434,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JPM. Concurrent Investment Advisors LLC lifted its stake in JPMorgan Chase & Co. by 35.4% in the second quarter. Concurrent Investment Advisors LLC now owns 86,254 shares of the financial services provider’s stock valued at $17,446,000 after acquiring an additional 22,555 shares during the last quarter. Legacy Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 19.1% in the second quarter. Legacy Advisors LLC now owns 24,236 shares of the financial services provider’s stock worth $4,902,000 after purchasing an additional 3,887 shares in the last quarter. Klingman & Associates LLC increased its position in JPMorgan Chase & Co. by 112.3% during the second quarter. Klingman & Associates LLC now owns 24,532 shares of the financial services provider’s stock worth $4,962,000 after buying an additional 12,979 shares during the last quarter. Rothschild Investment LLC bought a new position in JPMorgan Chase & Co. during the second quarter valued at about $31,741,000. Finally, Cadinha & Co. LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter worth about $205,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Robert W. Baird raised their price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday. Royal Bank of Canada reissued an “outperform” rating and set a $211.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Finally, Citigroup raised their price target on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Nine research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus target price of $208.35.

JPMorgan Chase & Co. Stock Down 0.4 %

Shares of JPM opened at $219.33 on Thursday. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $225.48. The stock has a market cap of $629.84 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 2.62 and a beta of 1.12. The company has a 50-day moving average price of $210.67 and a two-hundred day moving average price of $199.54. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating the consensus estimate of $4.19 by $1.93. The company had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same quarter in the previous year, the company earned $4.37 EPS. Equities analysts predict that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the sale, the insider now directly 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 Securities & Exchange Commission, which is available through this link. Company insiders own 0.79% of the company’s stock.

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.