JPMorgan Chase & Co. $JPM Stock Holdings Boosted by Wealthfront Advisers LLC

Wealthfront Advisers LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 372,908 shares of the financial services provider's stock after buying an additional 3,163 shares during the quarter. Wealthfront Advisers LLC's holdings in JPMorgan Chase & Co. were worth $122,064,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Global Strategic Investment Solutions LLC raised its position in JPMorgan Chase & Co. by 2.0% in the second quarter. Global Strategic Investment Solutions LLC now owns 2,735 shares of the financial services provider's stock worth $895,000 after acquiring an additional 53 shares in the last quarter. Boulder Wealth Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 4.1% during the 2nd quarter. Boulder Wealth Advisors LLC now owns 854 shares of the financial services provider's stock valued at $279,000 after purchasing an additional 34 shares in the last quarter. Foster & Motley Inc. boosted its position in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Foster & Motley Inc. now owns 50,479 shares of the financial services provider's stock valued at $16,523,000 after purchasing an additional 215 shares in the last quarter. Strategic Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 29.0% in the 2nd quarter. Strategic Wealth Advisors LLC now owns 502 shares of the financial services provider's stock worth $161,000 after purchasing an additional 113 shares during the last quarter. Finally, Cypress Asset Management Inc. TX grew its stake in shares of JPMorgan Chase & Co. by 0.7% in the 2nd quarter. Cypress Asset Management Inc. TX now owns 58,703 shares of the financial services provider's stock worth $19,215,000 after purchasing an additional 399 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Trending Headlines about JPMorgan Chase & Co.

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: JPMorgan’s profitability and capital-return capacity remain major supports. Recent coverage highlighted approximately $16.9 billion in quarterly profit, with dividends consuming only a portion of earnings, leaving room for reinvestment, buybacks and future distributions. JPMorgan earnings and dividend coverage
• Positive Sentiment: The bank is expanding its European corporate-banking operations, including a reported 25% staffing increase and a push into Greece. The strategy could create additional lending, payments, investment-banking and cross-selling revenue over time. JPMorgan Greece expansion
• Positive Sentiment: Wall Street sentiment remains constructive, with JPMorgan described as a well-capitalized bank trading at an attractive valuation relative to its earnings, scale and exposure to investment banking, asset management and higher interest rates. The average analyst rating is “Moderate Buy.” JPMorgan analyst sentiment
• Neutral Sentiment: Insider Robin Leopold sold 2,500 shares for approximately $882,000 under a pre-arranged Rule 10b5-1 trading plan. The sale reduced her direct holdings by 3.4%, but its planned nature makes it a limited signal about management’s outlook. JPMorgan insider transaction
• Negative Sentiment: JPMorgan strategists warned that the equity risk premium has fallen to its lowest level since 2002. The unusually narrow compensation for owning stocks instead of bonds could limit broad market upside and increase sensitivity to disappointing economic or earnings news. JPMorgan equity risk premium warning
• Negative Sentiment: The bank’s decision to contest pressure from the Trump administration may protect its independence but could bring additional litigation, regulatory and political costs. JPMorgan political and legal risks

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 5,467 shares of the company's stock in a transaction that occurred on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total value of $1,808,100.91. Following the transaction, the general counsel owned 40,961 shares in the company, valued at approximately $13,547,031.53. This represents a 11.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Robin Leopold sold 2,500 shares of the stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total transaction of $882,025.00. Following the completion of the sale, the insider owned 71,047 shares of the company's stock, valued at approximately $25,066,092.07. The trade was a 3.40% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,467 shares of company stock worth $3,593,651 over the last ninety days. 0.41% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on JPM. Truist Financial increased their target price on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the company a "hold" rating in a research note on Wednesday, July 15th. Morgan Stanley restated a "positive" rating and issued a $370.00 target price on shares of JPMorgan Chase & Co. in a report on Wednesday, July 15th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $418.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Bank of America upped their target price on JPMorgan Chase & Co. from $408.00 to $420.00 and gave the company a "buy" rating in a report on Thursday, July 16th. Finally, Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $375.00 to $390.00 and gave the company an "overweight" rating in a research report on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $359.96.

JPMorgan Chase & Co. Stock Up 0.2%

Shares of NYSE:JPM opened at $356.77 on Monday. The firm has a 50 day simple moving average of $352.26 and a 200 day simple moving average of $322.29. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $366.50. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $948.37 billion, a PE ratio of 15.29, a price-to-earnings-growth ratio of 1.47 and a beta of 0.98.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, beating analysts' consensus estimates of $5.59 by $0.55. The company had revenue of $58.02 billion for the quarter, compared to the consensus estimate of $50.72 billion. JPMorgan Chase & Co. had a return on equity of 18.23% and a net margin of 21.86%.The firm's quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.96 EPS. As a group, research analysts expect that JPMorgan Chase & Co. will post 24.3 earnings per share for the current year.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, payments, investment banking, asset management and wealth management services to consumers, businesses, institutional clients and governments.

The company operates through four primary business areas: Consumer & Community Banking; Commercial & Investment Banking; Asset & Wealth Management; and Corporate. Its offerings include deposit accounts, credit cards, mortgages, auto loans, business banking, commercial lending, treasury services, investment banking, securities trading, investment management and private banking.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across numerous international markets.

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