McAdam LLC Boosts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

McAdam LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 13.1% in the second quarter, HoldingsChannel reports. The institutional investor owned 3,939 shares of the financial services provider’s stock after purchasing an additional 456 shares during the period. McAdam LLC’s holdings in JPMorgan Chase & Co. were worth $797,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wellington Wealth Strategies LLC. acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $1,145,000. Cooper Financial Group lifted its stake in shares of JPMorgan Chase & Co. by 12.8% during the first quarter. Cooper Financial Group now owns 8,693 shares of the financial services provider’s stock worth $1,741,000 after purchasing an additional 984 shares in the last quarter. Spartan Planning & Wealth Management boosted its position in shares of JPMorgan Chase & Co. by 257.3% in the fourth quarter. Spartan Planning & Wealth Management now owns 3,780 shares of the financial services provider’s stock worth $643,000 after buying an additional 2,722 shares during the period. jvl associates llc grew its stake in shares of JPMorgan Chase & Co. by 59.8% in the first quarter. jvl associates llc now owns 1,911 shares of the financial services provider’s stock valued at $383,000 after buying an additional 715 shares in the last quarter. Finally, MMA Asset Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $207,000. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Ashley Bacon sold 5,086 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the sale, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $218.31 on Friday. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $219.19. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24. The firm has a market cap of $626.91 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 2.42 and a beta of 1.12. The stock has a 50 day moving average of $206.81 and a 200-day moving average of $197.01.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter in the previous year, the company posted $4.37 earnings per share. As a group, analysts forecast that JPMorgan Chase & Co. will post 16.78 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. BMO Capital Markets upped their price target on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a report on Thursday, July 11th. Morgan Stanley raised their price target on shares of JPMorgan Chase & Co. from $221.00 to $226.00 and gave the company an “overweight” rating in a report on Tuesday, July 30th. Robert W. Baird boosted their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. UBS Group raised their target price on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Finally, Evercore ISI lifted their target price on JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $205.71.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.