JPMorgan Chase & Co. $JPM Stock Holdings Lifted by Bahl & Gaynor Inc.

Key Points

• Bahl & Gaynor Inc. increased its stake in JPMorgan Chase & Co. by 4.7%, holding over 2 million shares, which represents 2.6% of their portfolio.
• A significant portion of JPM's stock, approximately 71.55%, is currently owned by institutional investors, indicating strong institutional confidence in the company.
• Analysts have mixed views on JPMorgan's stock with a consensus rating of "Moderate Buy" and an average price target of $288.68, reflecting both optimistic and cautious sentiments.

Bahl & Gaynor Inc. raised its stake in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 4.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,088,378 shares of the financial services provider's stock after acquiring an additional 92,820 shares during the period. JPMorgan Chase & Co. makes up 2.6% of Bahl & Gaynor Inc.'s portfolio, making the stock its 7th largest holding. Bahl & Gaynor Inc. owned approximately 0.08% of JPMorgan Chase & Co. worth $512,279,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of JPM. Wimmer Associates 1 LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.0% in the 4th quarter. Wimmer Associates 1 LLC now owns 4,114 shares of the financial services provider's stock worth $986,000 after buying an additional 40 shares during the last quarter. Twin Lakes Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.3% in the 4th quarter. Twin Lakes Capital Management LLC now owns 13,932 shares of the financial services provider's stock worth $3,340,000 after buying an additional 40 shares during the last quarter. First Command Advisory Services Inc. increased its holdings in shares of JPMorgan Chase & Co. by 0.4% in the 1st quarter. First Command Advisory Services Inc. now owns 9,306 shares of the financial services provider's stock worth $2,283,000 after buying an additional 40 shares during the last quarter. Black Swift Group LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.7% in the 1st quarter. Black Swift Group LLC now owns 5,759 shares of the financial services provider's stock worth $1,413,000 after buying an additional 40 shares during the last quarter. Finally, Beacon Bridge Wealth Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.8% in the 1st quarter. Beacon Bridge Wealth Partners LLC now owns 2,231 shares of the financial services provider's stock worth $547,000 after buying an additional 40 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on JPM shares. Morgan Stanley boosted their target price on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 target price on the stock. in a report on Friday, June 27th. 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 report on Wednesday, July 9th. Finally, Piper Sandler reaffirmed an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. 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 assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $288.68.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $295.9920 on Friday. The stock has a market cap of $813.91 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. JPMorgan Chase & Co. has a 1 year low of $200.61 and a 1 year high of $301.29. The firm has a 50-day moving average of $288.92 and a two-hundred day moving average of $264.46.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings data 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 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%. The firm's quarterly revenue was down 10.5% on a year-over-year basis. During the same period in the previous year, the company earned $6.12 EPS. On average, research analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the business's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the sale, the chief operating officer directly owned 62,455 shares of the company's stock, valued at $16,392,563.85. The trade was a 8.94% decrease in their position. 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 company insiders.

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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