JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Weaver Capital Management LLC

Weaver Capital Management LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 17.9% during the second quarter, Holdings Channel.com reports. The institutional investor owned 15,268 shares of the financial services provider’s stock after buying an additional 2,320 shares during the period. JPMorgan Chase & Co. accounts for about 1.0% of Weaver Capital Management LLC’s portfolio, making the stock its 22nd largest position. Weaver Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $3,088,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Instrumental Wealth LLC boosted its position in JPMorgan Chase & Co. by 4.5% during the 2nd quarter. Instrumental Wealth LLC now owns 1,101 shares of the financial services provider’s stock worth $230,000 after purchasing an additional 47 shares during the period. Gemmer Asset Management LLC lifted its stake in shares of 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 purchasing an additional 48 shares in the last quarter. Great Point Wealth Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 0.9% in the second quarter. Great Point Wealth Advisors LLC now owns 5,690 shares of the financial services provider’s stock worth $1,151,000 after buying an additional 48 shares during the period. Northside Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 0.7% in the second quarter. Northside Capital Management LLC now owns 6,750 shares of the financial services provider’s stock valued at $1,365,000 after buying an additional 50 shares in the last quarter. Finally, Highland Financial Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.7% during the 2nd quarter. Highland Financial Advisors LLC now owns 7,056 shares of the financial services provider’s stock valued at $1,427,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Tuesday, July 9th. Jefferies Financial Group lifted their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Royal Bank of Canada reaffirmed 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, Robert W. Baird increased their price target on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $211.44.

JPMorgan Chase & Co. Trading Down 2.4 %

NYSE JPM opened at $212.46 on Monday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $225.48. The company has a 50-day simple moving average of $211.25 and a 200-day simple moving average of $200.17. The firm has a market capitalization of $610.11 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 2.62 and a beta of 1.12.

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 analysts’ consensus estimates of $4.19 by $1.93. The company had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period in the previous year, the firm posted $4.37 earnings per share. On average, equities analysts forecast that JPMorgan Chase & Co. will post 16.78 earnings per share for the current 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.