Arkansas Financial Group Inc. Has $611,000 Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Arkansas Financial Group Inc. decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 5.4% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,203 shares of the financial services provider’s stock after selling 241 shares during the quarter. Arkansas Financial Group Inc.’s holdings in JPMorgan Chase & Co. were worth $611,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Crew Capital Management Ltd. increased its position in JPMorgan Chase & Co. by 7.2% in the first quarter. Crew Capital Management Ltd. now owns 6,286 shares of the financial services provider’s stock worth $819,000 after buying an additional 424 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of JPMorgan Chase & Co. by 46.4% during the 1st quarter. Migdal Insurance & Financial Holdings Ltd. now owns 43,526 shares of the financial services provider’s stock valued at $5,612,000 after acquiring an additional 13,792 shares during the last quarter. CHURCHILL MANAGEMENT Corp grew its position in JPMorgan Chase & Co. by 3.4% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 29,711 shares of the financial services provider’s stock worth $3,872,000 after acquiring an additional 984 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,723,422 shares of the financial services provider’s stock valued at $224,579,000 after buying an additional 26,285 shares in the last quarter. Finally, Athena Investment Management raised its position in JPMorgan Chase & Co. by 0.9% in the 4th quarter. Athena Investment Management now owns 28,247 shares of the financial services provider’s stock worth $3,788,000 after purchasing an additional 244 shares during the period. 68.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on JPM shares. Piper Sandler upped their price target on JPMorgan Chase & Co. from $158.00 to $168.00 in a research report on Monday, July 17th. Wells Fargo & Company upped their target price on shares of JPMorgan Chase & Co. from $174.00 to $180.00 in a research note on Monday, July 17th. StockNews.com began coverage on JPMorgan Chase & Co. in a report on Thursday, August 17th. They issued a “hold” rating for the company. Jefferies Financial Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their target price for the stock from $149.00 to $165.00 in a report on Tuesday, July 11th. Finally, Societe Generale cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $167.21.

Insider Activity

In related news, General Counsel Stacey Friedman sold 4,310 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $157.16, for a total value of $677,359.60. Following the completion of the transaction, the general counsel now directly owns 57,735 shares of the company’s stock, valued at approximately $9,073,632.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.2 %

NYSE JPM opened at $149.12 on Tuesday. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $159.38. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $433.35 billion, a PE ratio of 9.60, a P/E/G ratio of 1.92 and a beta of 1.11. The company has a fifty day moving average of $150.88 and a 200 day moving average of $141.59.

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

About JPMorgan Chase & Co.

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.