Modern Wealth Management LLC Purchases 1,546 Shares of JPMorgan Chase & Co. $JPM

Key Points

• Modern Wealth Management LLC has increased its holdings in JPMorgan Chase & Co. by 1.0% during the first quarter, now owning 156,789 shares valued at approximately $38.5 million.
• JPMorgan's stock recently opened at $305.39 and has experienced a one-year price range between $202.16 and $305.73.
• In its latest earnings report, JPMorgan Chase & Co. reported an EPS of $4.96, exceeding analyst expectations and showing a 10.5% decrease in revenue compared to the previous year.

Modern Wealth Management LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 156,789 shares of the financial services provider's stock after purchasing an additional 1,546 shares during the quarter. JPMorgan Chase & Co. comprises about 1.2% of Modern Wealth Management LLC's investment portfolio, making the stock its 18th biggest position. Modern Wealth Management LLC's holdings in JPMorgan Chase & Co. were worth $38,461,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in shares of JPMorgan Chase & Co. by 28.0% in the first quarter. Jones Financial Companies Lllp now owns 769,996 shares of the financial services provider's stock worth $187,275,000 after purchasing an additional 168,224 shares during the last quarter. Silicon Valley Capital Partners increased its stake in JPMorgan Chase & Co. by 14.0% during the first quarter. Silicon Valley Capital Partners now owns 11,808 shares of the financial services provider's stock worth $2,867,000 after acquiring an additional 1,448 shares during the last quarter. Anderson Financial Strategies LLC increased its stake in JPMorgan Chase & Co. by 10.2% during the first quarter. Anderson Financial Strategies LLC now owns 2,162 shares of the financial services provider's stock worth $530,000 after acquiring an additional 200 shares during the last quarter. Strs Ohio bought a new stake in JPMorgan Chase & Co. during the first quarter worth approximately $279,389,000. Finally, Ellsworth Advisors LLC increased its stake in JPMorgan Chase & Co. by 3.1% during the first quarter. Ellsworth Advisors LLC now owns 9,149 shares of the financial services provider's stock worth $2,244,000 after acquiring an additional 273 shares during the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Up 1.6%

Shares of NYSE:JPM opened at $305.39 on Friday. JPMorgan Chase & Co. has a 1 year low of $202.16 and a 1 year high of $305.73. The business has a 50 day simple moving average of $293.72 and a two-hundred day simple moving average of $266.98. The firm has a market capitalization of $839.75 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 2.00 and a beta of 1.13. 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. (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, beating 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 business had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. During the same quarter in the previous year, the business earned $6.12 earnings per share. The company's revenue for the quarter was down 10.5% compared to the same quarter last year. On average, equities analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on JPM shares. Royal Bank Of Canada set a $305.00 price objective on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research note on Monday, June 30th. Truist Financial boosted their price objective on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a research note on Wednesday, July 9th. Piper Sandler reissued an "overweight" rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 15th. Hsbc Global Res cut JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research note on Tuesday, July 8th. Finally, TD Securities reissued a "buy" rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of "Moderate Buy" and a consensus price target of $291.67.

Insider Activity

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction that occurred 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 completion of 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is owned by company 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.

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