JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by UNIVEST FINANCIAL Corp

UNIVEST FINANCIAL Corp decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,535 shares of the financial services provider’s stock after selling 287 shares during the period. UNIVEST FINANCIAL Corp’s holdings in JPMorgan Chase & Co. were worth $1,524,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Gilbert & Cook Inc. boosted its position in JPMorgan Chase & Co. by 1.5% during the 4th quarter. Gilbert & Cook Inc. now owns 11,360 shares of the financial services provider’s stock valued at $1,932,000 after purchasing an additional 164 shares during the period. Aveo Capital Partners LLC lifted its stake in JPMorgan Chase & Co. by 13.0% in the fourth quarter. Aveo Capital Partners LLC now owns 5,151 shares of the financial services provider’s stock valued at $876,000 after buying an additional 591 shares during the last quarter. Gryphon Financial Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 66.9% during the fourth quarter. Gryphon Financial Partners LLC now owns 25,004 shares of the financial services provider’s stock valued at $4,238,000 after acquiring an additional 10,025 shares during the period. Vestor Capital LLC grew its position in shares of JPMorgan Chase & Co. by 73.4% during the fourth quarter. Vestor Capital LLC now owns 128,896 shares of the financial services provider’s stock worth $21,925,000 after acquiring an additional 54,561 shares during the last quarter. Finally, Howard Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 15.2% in the 4th quarter. Howard Wealth Management LLC now owns 3,482 shares of the financial services provider’s stock worth $592,000 after acquiring an additional 460 shares during the period. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Trading Up 0.8 %

Shares of NYSE:JPM opened at $207.23 on Thursday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market capitalization of $595.10 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 2.39 and a beta of 1.12. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $225.48. The company has a 50 day moving average price of $211.39 and a 200 day moving average price of $200.61.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data 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 quarter in the prior year, the firm earned $4.37 EPS. On average, research analysts anticipate that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JPM. Citigroup boosted their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Robert W. Baird increased their price objective on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Tuesday, July 9th. Piper Sandler increased their price target on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Finally, Morgan Stanley lifted their price objective on shares of JPMorgan Chase & Co. from $221.00 to $226.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $211.44.

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.