JPMorgan Chase & Co. (NYSE:JPM) Holdings Raised by Resonant Capital Advisors LLC

Resonant Capital Advisors LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 10.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 32,348 shares of the financial services provider’s stock after purchasing an additional 3,044 shares during the quarter. Resonant Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $6,543,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Retirement Group LLC grew its holdings in shares of JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after buying an additional 109 shares in the last quarter. Richardson Capital Management LLC acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth about $34,000. Anfield Capital Management LLC purchased a new position in JPMorgan Chase & Co. during the 2nd quarter valued at about $34,000. Davidson Capital Management Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $37,000. Finally, Kathleen S. Wright Associates Inc. purchased a new position in JPMorgan Chase & Co. during the first quarter valued at approximately $40,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now 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 accessible through this link. 0.79% of the stock is owned by insiders.

Analysts Set New Price Targets

JPM has been the subject of a number of research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $211.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Evercore ISI increased their price objective on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Wolfe Research downgraded JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Finally, UBS Group lifted their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Eight analysts have rated the stock with a hold rating and eleven 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 $211.44.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $212.46 on Friday. JPMorgan Chase & Co. has a 1 year low of $135.19 and a 1 year high of $225.48. The company has a fifty day simple moving average of $211.25 and a 200 day simple moving average of $200.04. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The company has a market cap of $610.11 billion, a P/E ratio of 11.85, a P/E/G ratio of 2.62 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. The firm had revenue of $50.80 billion during the quarter, compared to analyst estimates 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 business earned $4.37 EPS. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 16.78 EPS 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.