Good Life Advisors LLC Acquires 186 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Good Life Advisors LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,656 shares of the financial services provider’s stock after acquiring an additional 186 shares during the quarter. Good Life Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $4,313,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JPM. Cantor Fitzgerald Investment Advisor L.P boosted its position in JPMorgan Chase & Co. by 81.1% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after buying an additional 99,636 shares during the period. BCK Partners Inc. purchased a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $2,455,000. LSV Asset Management boosted its position in JPMorgan Chase & Co. by 35.6% in the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after buying an additional 9,800 shares during the period. Wsfs Capital Management LLC boosted its position in JPMorgan Chase & Co. by 70.8% in the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after buying an additional 1,749 shares during the period. Finally, Lumature Wealth Partners LLC boosted its position in JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after buying an additional 3,527 shares during the period. Institutional investors own 68.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on JPM shares. Atlantic Securities boosted their price objective 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. 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 report on Friday, August 18th. Citigroup lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 price target for the company. in a report on Wednesday, July 12th. 888 restated a “maintains” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 26th. Finally, 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 report on Tuesday, September 12th. Eight investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $167.21.

JPMorgan Chase & Co. Trading Up 0.2 %

Shares of JPMorgan Chase & Co. stock opened at $149.12 on Tuesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.28. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $159.38. The firm has a market capitalization of $433.35 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 1.92 and a beta of 1.11. The firm’s 50 day simple moving average is $150.88 and its two-hundred day simple moving average is $141.59.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, July 14th. The financial services provider reported $4.37 earnings per share (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 business had revenue of $42.40 billion for the quarter, compared to analyst estimates of $38.66 billion. During the same quarter in the prior year, the business posted $2.76 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 34.1% compared to the same quarter last year. Analysts predict that JPMorgan Chase & Co. will post 15.58 EPS for the current year.

Insider Activity

In other news, General Counsel Stacey Friedman sold 4,310 shares of the company’s stock in a transaction on Wednesday, September 6th. The shares were 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 approximately $7,739,145.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.79% of the company’s stock.

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.