JPMorgan Chase & Co. $JPM Shares Bought by Versant Capital Management Inc

Key Points

• Versant Capital Management Inc increased its stake in JPMorgan Chase & Co. by 11.9%, acquiring an additional 868 shares, bringing its total holdings to 8,178 shares valued at $2,371,000.
• JPMorgan Chase & Co. reported an earnings per share (EPS) of $4.96, exceeding analysts' expectations, despite a 10.5% decline in quarterly revenue year-over-year.
• Analyst ratings for JPMorgan Chase & Co. include one Strong Buy, thirteen Buy, six Hold, and three Sell ratings, with an average price target of $291.67.

Versant Capital Management Inc lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 11.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,178 shares of the financial services provider's stock after acquiring an additional 868 shares during the period. Versant Capital Management Inc's holdings in JPMorgan Chase & Co. were worth $2,371,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Wimmer Associates 1 LLC grew its position in 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 valued at $986,000 after buying an additional 40 shares during the last quarter. Twin Lakes Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 0.3% during 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 purchasing an additional 40 shares in the last quarter. First Command Advisory Services Inc. boosted its position in shares of JPMorgan Chase & Co. by 0.4% during 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 purchasing an additional 40 shares in the last quarter. Black Swift Group LLC boosted its position in shares of JPMorgan Chase & Co. by 0.7% during the 1st quarter. Black Swift Group LLC now owns 5,759 shares of the financial services provider's stock worth $1,413,000 after purchasing an additional 40 shares in the last quarter. Finally, Beacon Bridge Wealth Partners LLC boosted its position in shares of JPMorgan Chase & Co. by 1.8% during the 1st quarter. Beacon Bridge Wealth Partners LLC now owns 2,231 shares of the financial services provider's stock worth $547,000 after purchasing an additional 40 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JPM has been the topic of several research analyst reports. Hsbc Global Res lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "moderate sell" rating in a research report on Tuesday, July 8th. Cowen restated a "buy" rating on shares of JPMorgan Chase & Co. in a research 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 research report on Wednesday, July 16th. Robert W. Baird downgraded JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price target for the company. in a research note on Friday, June 27th. Finally, Phillip Securities downgraded JPMorgan Chase & Co. from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given 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, JPMorgan Chase & Co. presently has a consensus rating of "Moderate Buy" and a consensus target price of $291.67.

Insider Buying and Selling

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

JPMorgan Chase & Co. Price Performance

JPM stock traded up $1.32 during trading on Friday, hitting $306.88. The stock had a trading volume of 6,845,781 shares, compared to its average volume of 6,719,976. The company's 50 day moving average price is $293.94 and its two-hundred day moving average price is $267.44. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $307.55. The stock has a market cap of $843.84 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 2.04 and a beta of 1.13. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current 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 for the quarter, beating the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The firm had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same quarter in the previous year, the company posted $6.12 EPS. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Company 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.