ERTS Wealth Advisors LLC raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 11.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,023 shares of the financial services provider’s stock after acquiring an additional 207 shares during the period. ERTS Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $226,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Gradient Capital Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 5.6% in the fourth quarter. Gradient Capital Advisors LLC now owns 13,089 shares of the financial services provider’s stock valued at $1,278,000 after buying an additional 693 shares in the last quarter. LeJeune Puetz Investment Counsel LLC grew its stake in shares of JPMorgan Chase & Co. by 6.1% in the fourth quarter. LeJeune Puetz Investment Counsel LLC now owns 36,116 shares of the financial services provider’s stock valued at $3,526,000 after buying an additional 2,079 shares in the last quarter. Ironvine Capital Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 5.5% in the fourth quarter. Ironvine Capital Partners LLC now owns 277,208 shares of the financial services provider’s stock valued at $28,796,000 after buying an additional 14,333 shares in the last quarter. DT Investment Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 10.0% in the fourth quarter. DT Investment Partners LLC now owns 2,368 shares of the financial services provider’s stock valued at $231,000 after buying an additional 215 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in shares of JPMorgan Chase & Co. by 5.1% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 653,869 shares of the financial services provider’s stock valued at $63,831,000 after buying an additional 31,741 shares in the last quarter. 72.23% of the stock is currently owned by hedge funds and other institutional investors.

JPM has been the subject of several analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 16th. Goldman Sachs Group reissued a “neutral” rating and issued a $117.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. Wells Fargo & Co set a $125.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, August 16th. DZ Bank reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, August 21st. Finally, Morgan Stanley set a $122.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, August 9th. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $121.94.

In other news, EVP Peter Scher sold 10,816 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $115.00, for a total value of $1,243,840.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lori A. Beer sold 13,341 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the completion of the sale, the insider now directly owns 10,130 shares of the company’s stock, valued at approximately $1,157,656.40. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

JPM stock traded up $1.28 during midday trading on Friday, reaching $119.19. 4,041,310 shares of the company were exchanged, compared to its average volume of 10,656,794. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 0.97. The business has a 50-day moving average price of $110.70 and a two-hundred day moving average price of $109.63. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $119.24. The firm has a market capitalization of $373.69 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 1.69 and a beta of 1.19.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The firm had revenue of $28.83 billion during the quarter, compared to analysts’ expectations of $28.52 billion. During the same period in the previous year, the business posted $2.29 earnings per share. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, analysts anticipate that JPMorgan Chase & Co. will post 9.91 earnings per share for the current fiscal year.

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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