MRA Advisory Group Increases Holdings in JPMorgan Chase & Co. $JPM

Key Points

• MRA Advisory Group increased its stake in JPMorgan Chase & Co. by 45.4% during Q2, owning 4,826 shares valued at approximately $1.4 million.
• Several analysts have set optimistic price targets for JPMorgan Chase, with Bank of America raising its target from $330 to $340 and maintaining a "buy" rating.
• During its latest earnings report, JPMorgan Chase reported $4.96 earnings per share, surpassing estimates, though revenue declined by 10.5% compared to the previous year.

MRA Advisory Group lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 45.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,826 shares of the financial services provider's stock after buying an additional 1,507 shares during the period. JPMorgan Chase & Co. comprises 0.7% of MRA Advisory Group's investment portfolio, making the stock its 23rd largest position. MRA Advisory Group's holdings in JPMorgan Chase & Co. were worth $1,399,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. purchased a new position in JPMorgan Chase & Co. in the 1st quarter worth approximately $28,000. University of Illinois Foundation purchased a new position in JPMorgan Chase & Co. in the 1st quarter worth approximately $30,000. Curat Global LLC bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth approximately $33,000. Capital A Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $64,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $72,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Evercore ISI set a $298.00 price objective on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research report on Monday, July 7th. Bank of America lifted their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a "buy" rating in a research report on Wednesday, July 16th. Citigroup set a $275.00 price objective on JPMorgan Chase & Co. and gave the stock a "buy" rating in a research report on Monday, July 7th. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Finally, Royal Bank Of Canada set a $305.00 price objective on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a research report on Monday, June 30th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of "Moderate Buy" and a consensus price target of $291.67.

JPMorgan Chase & Co. Stock Up 0.8%

JPM stock opened at $309.38 on Tuesday. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $309.95. The business has a fifty day moving average price of $294.29 and a 200-day moving average price of $267.75. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $850.72 billion, a P/E ratio of 15.87, a P/E/G ratio of 2.04 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping 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 firm had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. During the same quarter in the previous year, the business earned $6.12 earnings per share. The company's revenue was down 10.5% on a year-over-year basis. Equities analysts forecast that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the business's stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.47% of the stock is owned by corporate 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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