LRI Investments LLC Raises Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

LRI Investments LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 36.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,585 shares of the financial services provider’s stock after acquiring an additional 3,595 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.3% of LRI Investments LLC’s holdings, making the stock its 28th biggest position. LRI Investments LLC’s holdings in JPMorgan Chase & Co. were worth $2,748,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of JPM. EdgeRock Capital LLC raised its stake in shares of JPMorgan Chase & Co. by 21.4% during the 2nd quarter. EdgeRock Capital LLC now owns 2,837 shares of the financial services provider’s stock worth $574,000 after buying an additional 500 shares during the last quarter. EWA LLC increased its holdings in JPMorgan Chase & Co. by 3.8% during the 2nd quarter. EWA LLC now owns 4,259 shares of the financial services provider’s stock valued at $896,000 after acquiring an additional 155 shares in the last quarter. White Pine Investment CO raised its position in JPMorgan Chase & Co. by 1.8% during the second quarter. White Pine Investment CO now owns 37,326 shares of the financial services provider’s stock worth $7,550,000 after acquiring an additional 645 shares during the last quarter. Oldfather Financial Services LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.1% in the second quarter. Oldfather Financial Services LLC now owns 5,322 shares of the financial services provider’s stock valued at $1,076,000 after purchasing an additional 57 shares in the last quarter. Finally, Grove Bank & Trust grew its position in shares of JPMorgan Chase & Co. by 2.8% in the second quarter. Grove Bank & Trust now owns 27,407 shares of the financial services provider’s stock valued at $5,543,000 after purchasing an additional 759 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

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

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The firm had revenue of $50.80 billion for the quarter, compared to analysts’ expectations of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same quarter last year, the firm earned $4.37 earnings per share. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 16.78 EPS for the current year.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 5,086 shares of the firm’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the transaction, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

JPM has been the subject of several research reports. Barclays lifted their price objective on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Tuesday, July 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $211.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Finally, Oppenheimer boosted their target price on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $205.71.

JPMorgan Chase & Co. 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.