Allied Investment Advisors LLC Has $10.60 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Allied Investment Advisors LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 72,855 shares of the financial services provider’s stock after purchasing an additional 1,972 shares during the quarter. JPMorgan Chase & Co. makes up 3.1% of Allied Investment Advisors LLC’s investment portfolio, making the stock its 7th largest position. Allied Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $10,596,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Oxler Private Wealth LLC boosted its position in shares of JPMorgan Chase & Co. by 0.9% during the fourth quarter. Oxler Private Wealth LLC now owns 8,158 shares of the financial services provider’s stock valued at $1,094,000 after purchasing an additional 71 shares in the last quarter. Prostatis Group LLC boosted its position in shares of JPMorgan Chase & Co. by 0.9% during the first quarter. Prostatis Group LLC now owns 8,046 shares of the financial services provider’s stock valued at $1,059,000 after purchasing an additional 74 shares in the last quarter. Cravens & Co Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 1.3% during the first quarter. Cravens & Co Advisors LLC now owns 5,905 shares of the financial services provider’s stock valued at $769,000 after purchasing an additional 74 shares in the last quarter. Quent Capital LLC boosted its position in shares of JPMorgan Chase & Co. by 0.7% during the second quarter. Quent Capital LLC now owns 9,969 shares of the financial services provider’s stock valued at $1,450,000 after purchasing an additional 74 shares in the last quarter. Finally, Howard Wealth Management LLC boosted its position in shares of JPMorgan Chase & Co. by 2.5% during the first quarter. Howard Wealth Management LLC now owns 3,062 shares of the financial services provider’s stock valued at $399,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 68.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. HSBC started coverage on JPMorgan Chase & Co. in a research report on Thursday, September 7th. They set a “hold” rating and a $159.00 price target on the stock. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 target price on the stock in a report on Friday, July 7th. Piper Sandler boosted their target price on JPMorgan Chase & Co. from $158.00 to $168.00 in a report on Monday, July 17th. Citigroup downgraded JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 target price on the stock. in a report on Wednesday, July 12th. Finally, Societe Generale downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $167.21.

JPMorgan Chase & Co. Stock Up 0.2 %

JPMorgan Chase & Co. stock opened at $149.12 on Tuesday. The stock has a market cap of $433.35 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 1.92 and a beta of 1.11. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.90 and a current ratio of 0.90. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $159.38. The stock has a fifty day moving average of $150.88 and a 200 day moving average of $141.59.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, July 14th. The financial services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.75. The company had revenue of $42.40 billion during the quarter, compared to analysts’ expectations of $38.66 billion. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. JPMorgan Chase & Co.’s revenue for the quarter was up 34.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.76 earnings per share. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 15.58 EPS for the current year.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the company’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total value of $624,346.60. Following the completion of the sale, the general counsel now owns 53,425 shares in the company, valued at $7,739,145.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.79% of the company’s stock.

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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.