1,877 Shares in JPMorgan Chase & Co. $JPM Bought by 21 West Wealth Management LLC

Key Points

• 21 West Wealth Management LLC purchased 1,877 shares of JPMorgan Chase & Co. valued at approximately $544,000 during the second quarter.
• Multiple institutional investors, including Goldstone Financial Group LLC and Apella Capital LLC, increased their stakes in JPMorgan Chase, contributing to a total of 71.55% institutional ownership.
• JPMorgan Chase reported a net margin of 20.52% and earnings per share of $4.96 for the last quarter, surpassing analyst expectations.

21 West Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,877 shares of the financial services provider's stock, valued at approximately $544,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Goldstone Financial Group LLC increased its holdings in JPMorgan Chase & Co. by 3.9% during the second quarter. Goldstone Financial Group LLC now owns 19,622 shares of the financial services provider's stock worth $5,808,000 after buying an additional 735 shares during the last quarter. Apella Capital LLC increased its holdings in JPMorgan Chase & Co. by 75.5% during the second quarter. Apella Capital LLC now owns 22,284 shares of the financial services provider's stock worth $6,506,000 after buying an additional 9,588 shares during the last quarter. Boltwood Capital Management increased its holdings in JPMorgan Chase & Co. by 2.9% during the second quarter. Boltwood Capital Management now owns 16,913 shares of the financial services provider's stock worth $4,903,000 after buying an additional 478 shares during the last quarter. Heartwood Wealth Advisors LLC increased its holdings in JPMorgan Chase & Co. by 6.4% during the second quarter. Heartwood Wealth Advisors LLC now owns 7,359 shares of the financial services provider's stock worth $2,133,000 after buying an additional 442 shares during the last quarter. Finally, Gallacher Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 111.8% during the second quarter. Gallacher Capital Management LLC now owns 1,798 shares of the financial services provider's stock worth $521,000 after buying an additional 949 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the sale, the director owned 82,207 shares of the company's stock, valued at $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Trading Up 0.4%

Shares of JPMorgan Chase & Co. stock opened at $306.88 on Monday. The firm has a 50-day moving average of $293.94 and a 200-day moving average of $267.44. The stock has a market cap of $843.84 billion, a PE ratio of 15.75, a PEG ratio of 2.04 and a beta of 1.13. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $307.55. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.48 by $0.48. The company had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. JPMorgan Chase & Co.'s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $6.12 earnings per share. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on JPM shares. Royal Bank Of Canada set a $305.00 price objective on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, June 30th. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price objective on the stock. in a report on Friday, June 27th. Evercore ISI set a $298.00 price objective on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, July 7th. Hsbc Global Res downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Finally, Zacks Research downgraded shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $291.67.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

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