TruWealth Advisors LLC Buys 4,017 Shares of JPMorgan Chase & Co. $JPM

Key Points

• TruWealth Advisors LLC increased its stake in JPMorgan Chase & Co. by 3.6% during the second quarter, bringing its total holdings to over $33.78 million.
• A significant insider, Director Linda Bammann, sold 9,500 shares of JPMorgan at an average price of $297.94, resulting in a 10.36% decrease in her ownership.
• JPMorgan recently reported a quarterly earnings per share (EPS) of $4.96, exceeding analysts' expectations, despite a 10.5% decline in revenue compared to the previous year.

TruWealth Advisors LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 116,534 shares of the financial services provider's stock after acquiring an additional 4,017 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.9% of TruWealth Advisors LLC's investment portfolio, making the stock its 16th largest holding. TruWealth Advisors LLC's holdings in JPMorgan Chase & Co. were worth $33,784,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Florida Financial Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 62.5% in the first quarter. Florida Financial Advisors LLC now owns 9,863 shares of the financial services provider's stock worth $2,416,000 after acquiring an additional 3,792 shares in the last quarter. Fourth Dimension Wealth LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth about $471,000. Crown Wealth Group LLC increased its holdings in shares of JPMorgan Chase & Co. by 5.4% in the first quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider's stock worth $1,060,000 after acquiring an additional 222 shares in the last quarter. Mosaic Financial Group LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.8% in the first quarter. Mosaic Financial Group LLC now owns 9,296 shares of the financial services provider's stock worth $2,280,000 after acquiring an additional 78 shares in the last quarter. Finally, Morse Asset Management Inc increased its holdings in shares of JPMorgan Chase & Co. by 19.5% in the first quarter. Morse Asset Management Inc now owns 2,569 shares of the financial services provider's stock worth $630,000 after acquiring an additional 420 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the 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 transaction, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.47% of the company's stock.

JPMorgan Chase & Co. Stock Up 0.8%

NYSE JPM traded up $2.47 during trading hours on Monday, hitting $309.38. 7,118,489 shares of the company traded hands, compared to its average volume of 9,609,391. The business's 50-day moving average is $293.94 and its 200-day moving average is $267.44. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $309.95. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The stock has a market capitalization of $850.72 billion, a price-to-earnings 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 released its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $44.91 billion during the quarter, compared to analysts' expectations of $43.76 billion. During the same period last year, the firm posted $6.12 earnings per share. The business's revenue was down 10.5% on a year-over-year basis. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JPM. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 16th. TD Securities reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a report on Wednesday, June 4th. Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price objective for the company. in a report on Friday, June 27th. Evercore ISI set a $298.00 price objective on JPMorgan Chase & Co. and gave the stock an "outperform" rating in a report on Monday, July 7th. Finally, Truist Financial increased their price objective on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a "hold" rating in a report on Wednesday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $291.67.

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.