Gallacher Capital Management LLC Boosts Stake in JPMorgan Chase & Co. $JPM

Gallacher Capital Management LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 111.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,798 shares of the financial services provider's stock after buying an additional 949 shares during the period. Gallacher Capital Management LLC's holdings in JPMorgan Chase & Co. were worth $521,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in JPM. Brighton Jones LLC lifted its position in shares of JPMorgan Chase & Co. by 11.0% in the fourth quarter. Brighton Jones LLC now owns 48,732 shares of the financial services provider's stock worth $11,682,000 after buying an additional 4,841 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider's stock worth $46,068,000 after buying an additional 1,229 shares in the last quarter. Highview Capital Management LLC DE lifted its position in shares of JPMorgan Chase & Co. by 16.1% in the fourth quarter. Highview Capital Management LLC DE now owns 13,623 shares of the financial services provider's stock worth $3,266,000 after buying an additional 1,893 shares in the last quarter. Tang Capital Management LLC lifted its position in shares of JPMorgan Chase & Co. by 41.3% in the fourth quarter. Tang Capital Management LLC now owns 6,601 shares of the financial services provider's stock worth $1,582,000 after buying an additional 1,928 shares in the last quarter. Finally, Stuart Chaussee & Associates Inc. lifted its position in shares of JPMorgan Chase & Co. by 31.3% in the fourth quarter. Stuart Chaussee & Associates Inc. now owns 659 shares of the financial services provider's stock worth $158,000 after buying an additional 157 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.47% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on JPM. Royal Bank Of Canada set a $305.00 price objective on JPMorgan Chase & Co. and gave the company an "outperform" rating in a research report on Monday, June 30th. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Phillip Securities downgraded JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. Hsbc Global Res downgraded JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Finally, HSBC restated a "reduce" rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $291.67.

JPMorgan Chase & Co. Trading Up 0.4%

Shares of NYSE JPM opened at $306.88 on Monday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The business's 50 day moving average price is $293.94 and its 200-day moving average price is $267.44. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $307.55. The company has a market cap of $843.84 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 2.04 and a beta of 1.13.

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

JPMorgan Chase & Co. 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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