JPMorgan Chase & Co. $JPM Shares Bought by Park Edge Advisors LLC

Key Points

• Park Edge Advisors LLC increased its holdings in JPMorgan Chase & Co. by 7.3%, owning a total of 13,111 shares valued at approximately $3.8 million.
• Analysts have mixed ratings on JPMorgan, with an average rating of "Moderate Buy" and a target price of $291.67, highlighting a range of price objectives from $259.00 to $298.00.
• JPMorgan's recent earnings report showed an EPS of $4.96, exceeding estimates, but it marked a 10.5% revenue decline compared to the previous year.

Park Edge Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 13,111 shares of the financial services provider's stock after acquiring an additional 892 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.0% of Park Edge Advisors LLC's holdings, making the stock its 16th largest position. Park Edge Advisors LLC's holdings in JPMorgan Chase & Co. were worth $3,801,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. MJT & Associates Financial Advisory Group Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at $28,000. University of Illinois Foundation acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at $30,000. Curat Global LLC acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at $33,000. Capital A Wealth Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $64,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at $72,000. Institutional investors and hedge funds own 71.55% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on JPM shares. Morgan Stanley upped their price objective on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a report on Wednesday, July 16th. HSBC restated a "reduce" rating and issued a $259.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. TD Securities restated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Hsbc Global Res lowered JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a report on Tuesday, July 8th. Finally, Phillip Securities lowered JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research report on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $291.67.

Insiders Place Their Bets

In related news, Director Linda Bammann sold 9,500 shares of the company's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the transaction, the director directly owned 82,207 shares of the company's stock, valued at approximately $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 accessible through the SEC website. Insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Up 0.4%

Shares of JPMorgan Chase & Co. stock opened at $306.88 on Monday. The stock's fifty day moving average is $293.94 and its 200-day moving average is $267.44. The firm has a market capitalization of $843.84 billion, a PE ratio of 15.75, a price-to-earnings-growth ratio of 2.04 and a beta of 1.13. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 12-month low of $202.16 and a 12-month high of $307.55.

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, topping analysts' consensus estimates of $4.48 by $0.48. The company had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.JPMorgan Chase & Co.'s revenue for the quarter was down 10.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $6.12 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

About JPMorgan Chase & Co.

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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