Czech National Bank increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 345,941 shares of the financial services provider’s stock after purchasing an additional 447 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.1% of Czech National Bank’s portfolio, making the stock its 13th biggest holding. Czech National Bank’s holdings in JPMorgan Chase & Co. were worth $50,314,000 at the end of the most recent reporting period.
A number of other hedge funds also recently modified their holdings of the stock. Level Four Advisory Services LLC raised its holdings in shares of JPMorgan Chase & Co. by 3.2% in the 2nd quarter. Level Four Advisory Services LLC now owns 88,919 shares of the financial services provider’s stock worth $12,932,000 after purchasing an additional 2,725 shares during the period. First Affirmative Financial Network purchased a new position in JPMorgan Chase & Co. in the 2nd quarter valued at approximately $316,000. Pure Financial Advisors LLC grew its stake in JPMorgan Chase & Co. by 2.1% in the 2nd quarter. Pure Financial Advisors LLC now owns 4,503 shares of the financial services provider’s stock valued at $655,000 after buying an additional 93 shares in the last quarter. Financial Management Professionals Inc. grew its stake in JPMorgan Chase & Co. by 2.3% in the 2nd quarter. Financial Management Professionals Inc. now owns 11,516 shares of the financial services provider’s stock valued at $1,675,000 after buying an additional 254 shares in the last quarter. Finally, Foster Group Inc. grew its stake in JPMorgan Chase & Co. by 3.9% in the 2nd quarter. Foster Group Inc. now owns 6,423 shares of the financial services provider’s stock valued at $934,000 after buying an additional 240 shares in the last quarter. Institutional investors own 68.94% of the company’s stock.
Wall Street Analysts Forecast Growth
JPM has been the subject of a number of recent research reports. Credit Suisse Group lifted their price objective on shares of JPMorgan Chase & Co. from $160.00 to $170.00 in a research note on Monday, July 17th. Morgan Stanley boosted their price target on shares of JPMorgan Chase & Co. from $173.00 to $179.00 and gave the company an “overweight” rating in a research report on Tuesday, September 12th. Oppenheimer reduced their price target on shares of JPMorgan Chase & Co. from $227.00 to $219.00 and set an “outperform” rating for the company in a research report on Friday, August 18th. Atlantic Securities boosted their price target on shares of JPMorgan Chase & Co. from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Tuesday, August 1st. Finally, StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, August 17th. They set a “hold” rating for the company. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $167.21.
In related news, General Counsel Stacey Friedman sold 4,310 shares of the stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $144.86, for a total transaction of $624,346.60. Following the transaction, the general counsel now owns 53,425 shares in the company, valued at $7,739,145.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.79% of the company’s stock.
JPMorgan Chase & Co. Trading Up 0.2 %
NYSE:JPM opened at $149.12 on Tuesday. The company’s 50 day moving average price is $150.88 and its 200-day moving average price is $141.59. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $159.38. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.28. The stock has a market cap of $433.35 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 1.92 and a beta of 1.11.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings results 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. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. The firm had revenue of $42.40 billion for the quarter, compared to analysts’ expectations of $38.66 billion. During the same quarter in the prior year, the company posted $2.76 earnings per share. The business’s revenue for the quarter was up 34.1% on a year-over-year basis. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 15.58 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Company 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.
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