CRA Financial Services LLC Raises Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

CRA Financial Services LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,136 shares of the financial services provider’s stock after acquiring an additional 158 shares during the period. CRA Financial Services LLC’s holdings in JPMorgan Chase & Co. were worth $1,474,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of JPM. Adirondack Retirement Specialists Inc. increased its holdings in shares of JPMorgan Chase & Co. by 510.8% during the first quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 189 shares in the last quarter. Nordwand Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 1st quarter valued at approximately $30,000. Boulder Wealth Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter valued at approximately $43,000. Sageworth Trust Co lifted its stake in shares of JPMorgan Chase & Co. by 266.7% during the first quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock worth $53,000 after buying an additional 296 shares during the period. Finally, Aspire Private Capital LLC purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at $54,391,133,000. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 4,310 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total value of $624,346.60. Following the sale, the general counsel now directly owns 53,425 shares of the company’s stock, valued at $7,739,145.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $149.12 on Tuesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.90 and a current ratio of 0.90. The stock 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. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $159.38. The company has a fifty day moving average of $150.88 and a two-hundred day moving average of $141.59.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on JPM. StockNews.com started coverage on JPMorgan Chase & Co. in a research note on Thursday, August 17th. They set a “hold” rating on the stock. Credit Suisse Group upped their target price on JPMorgan Chase & Co. from $160.00 to $170.00 in a research report on Monday, July 17th. HSBC began coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, September 7th. They set a “hold” rating and a $159.00 price objective for the company. Morgan Stanley increased their price objective on shares of JPMorgan Chase & Co. from $173.00 to $179.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 12th. Finally, Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 target price for the company in a report on Friday, July 7th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $167.21.

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.