Jones Financial Companies Lllp Has $187.28 Million Stock Position in JPMorgan Chase & Co. $JPM

Key Points

• Jones Financial Companies Lllp increased its stake in JPMorgan Chase & Co. by 28.0%, owning 769,996 shares valued at approximately $187.28 million.
• Several analysts have provided mixed ratings on JPMorgan Chase, with price targets ranging from $259.00 to $330.00, indicating varied expectations for the company's stock performance.
• JPMorgan Chase reported earnings of $4.96 per share for the latest quarter, exceeding expectations, although revenue declined by 10.5% year-over-year.

Jones Financial Companies Lllp grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 28.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 769,996 shares of the financial services provider's stock after buying an additional 168,224 shares during the quarter. Jones Financial Companies Lllp's holdings in JPMorgan Chase & Co. were worth $187,275,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of JPM. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $28,000. University of Illinois Foundation bought a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $30,000. Curat Global LLC bought a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $33,000. Capital A Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $64,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $72,000. Institutional investors own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JPM. Truist Financial boosted their target price on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research note on Wednesday, July 9th. TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. HSBC reissued a "reduce" rating and issued a $259.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Bank of America boosted their price objective on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a research note on Wednesday, July 16th. Finally, Evercore ISI set a $298.00 price objective on shares of JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research note on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $291.67.

JPMorgan Chase & Co. Trading Up 0.4%

JPM stock traded up $1.32 during midday trading on Friday, hitting $306.88. The stock had a trading volume of 6,845,781 shares, compared to its average volume of 6,744,668. The firm has a market cap of $843.84 billion, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $307.55. The business has a fifty day moving average price of $293.94 and a two-hundred day moving average price of $267.38.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.48 by $0.48. The business had revenue of $44.91 billion for the quarter, compared to analyst estimates 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 revenue for the quarter was down 10.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $6.12 earnings per share. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction on Tuesday, September 2nd. The shares were 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 in the company, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.47% of the stock is currently owned by insiders.

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.