West Family Investments Inc. Purchases 3,955 Shares of JPMorgan Chase & Co. $JPM

West Family Investments Inc. increased its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 92.0% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,256 shares of the financial services provider's stock after purchasing an additional 3,955 shares during the quarter. JPMorgan Chase & Co. makes up 0.8% of West Family Investments Inc.'s holdings, making the stock its 16th largest position. West Family Investments Inc.'s holdings in JPMorgan Chase & Co. were worth $2,702,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Knuff & Co LLC increased its holdings in shares of JPMorgan Chase & Co. by 53.7% during the 2nd quarter. Knuff & Co LLC now owns 3,507 shares of the financial services provider's stock worth $1,148,000 after acquiring an additional 1,225 shares during the last quarter. Denali Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 1.1% during the 2nd quarter. Denali Advisors LLC now owns 17,970 shares of the financial services provider's stock valued at $5,882,000 after purchasing an additional 200 shares during the last quarter. NewEdge Wealth LLC lifted its holdings in JPMorgan Chase & Co. by 1.5% during the 2nd quarter. NewEdge Wealth LLC now owns 499,797 shares of the financial services provider's stock valued at $163,599,000 after purchasing an additional 7,232 shares during the last quarter. Essential Partners LLC boosted its position in JPMorgan Chase & Co. by 28.8% during the second quarter. Essential Partners LLC now owns 1,081 shares of the financial services provider's stock worth $354,000 after purchasing an additional 242 shares during the period. Finally, Catalyst Investment Management LLC boosted its position in JPMorgan Chase & Co. by 3.7% during the second quarter. Catalyst Investment Management LLC now owns 2,571 shares of the financial services provider's stock worth $842,000 after purchasing an additional 92 shares during the period. Institutional investors own 71.55% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on JPM shares. Truist Financial raised their target price on shares of JPMorgan Chase & Co. from $344.00 to $352.00 and gave the stock a "hold" rating in a research note on Wednesday, July 15th. Weiss Ratings raised JPMorgan Chase & Co. from a "buy (b)" rating to a "buy (b+)" rating in a research report on Wednesday, September 2nd. Morgan Stanley reiterated a "positive" rating and set a $370.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 15th. Jefferies Financial Group set a $350.00 price objective on JPMorgan Chase & Co. in a report on Tuesday, July 14th. Finally, Robert W. Baird lifted their target price on JPMorgan Chase & Co. from $295.00 to $305.00 and gave the stock a "neutral" rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $359.96.

JPMorgan Chase & Co. Stock Performance

JPM opened at $350.32 on Tuesday. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.85 and a current ratio of 0.85. JPMorgan Chase & Co. has a 52-week low of $279.10 and a 52-week high of $366.50. The firm has a market cap of $931.22 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 1.47 and a beta of 0.98. The business's fifty day moving average is $352.51 and its 200-day moving average is $322.66.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $6.14 earnings per share for the quarter, topping analysts' consensus estimates of $5.59 by $0.55. The company had revenue of $58.02 billion during the quarter, compared to the consensus estimate of $50.72 billion. JPMorgan Chase & Co. had a net margin of 21.86% and a return on equity of 18.23%. The firm's quarterly revenue was up 27.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.96 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 24.3 EPS for the current fiscal year.

Key JPMorgan Chase & Co. News

Here are the key news stories impacting JPMorgan Chase & Co. this week:

• Positive Sentiment: JPMorgan’s private bank is repositioning to capture wealth created by artificial intelligence. The strategy could support long-term growth in fee-rich asset and wealth management services, as well as additional lending relationships. JPMorgan's Private Bank Reset Targets the Next Wave of AI Wealth
• Positive Sentiment: JPMorgan’s private-bank leadership transition, involving longtime executives overseeing its approximately $2.4 trillion U.S. private-bank business, may provide continuity for a strategically important growth division. JPMorgan Taps Longtime Executives to Run $2.4 Trillion U.S. Private Bank
• Neutral Sentiment: JPMorgan research continued to highlight strong artificial-intelligence demand, including potential demand for ASML’s extreme-ultraviolet chipmaking machines. The commentary supports the bank’s capital-markets and advisory outlook but does not directly change JPM’s fundamentals. ASML Eyes 110+ EUV Machines as JPM Stresses Strong AI Demand
• Neutral Sentiment: JPMorgan’s report on the coming succession wave among small businesses could create future opportunities for commercial banking, lending, and advisory services, although it is not an immediate earnings catalyst. Top Bank Warns 12 Million Small Businesses Could Change Hands
• Negative Sentiment: Oil prices moved above $100 after damage to a Saudi pipeline, raising concerns about inflation, interest rates, and economic growth. Those risks can weigh on bank valuations and likely contributed to the broader market weakness affecting JPMorgan. Oil over $100 Has JPMorgan Stock-Market Strategists Concerned
• Negative Sentiment: Two smaller institutional investors reported reducing their JPMorgan holdings in second-quarter regulatory filings. The sales are dated and appear unlikely to be a major fundamental driver, but they add modest selling-pressure sentiment. Focused Alpha Reduces JPMorgan Holdings

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 2,500 shares of the firm's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $352.81, for a total value of $882,025.00. Following the sale, the insider owned 71,047 shares of the company's stock, valued at approximately $25,066,092.07. This trade represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Stacey Friedman sold 5,467 shares of JPMorgan Chase & Co. stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $330.73, for a total value of $1,808,100.91. Following the completion of the transaction, the general counsel owned 40,961 shares in the company, valued at approximately $13,547,031.53. The trade was a 11.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 10,467 shares of company stock valued at $3,593,651. Company insiders own 0.41% of the company's stock.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a global financial services company headquartered in New York City. Through its businesses, the company provides banking, lending, payments, investment banking, asset management and wealth management services to consumers, businesses, institutional clients and governments.

The company operates through four primary business areas: Consumer & Community Banking; Commercial & Investment Banking; Asset & Wealth Management; and Corporate. Its offerings include deposit accounts, credit cards, mortgages, auto loans, business banking, commercial lending, treasury services, investment banking, securities trading, investment management and private banking.

JPMorgan Chase serves customers in the United States and maintains operations and client relationships across numerous international markets.

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