JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 43,734 shares of the financial services provider’s stock after acquiring an additional 1,361 shares during the period. Flagship Harbor Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $6,361,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of JPM. Adirondack Retirement Specialists Inc. raised its stake in JPMorgan Chase & Co. by 510.8% during the 1st quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 189 shares during the period. Nordwand Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 1st quarter valued at $30,000. Boulder Wealth Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $43,000. Sageworth Trust Co raised its stake in JPMorgan Chase & Co. by 266.7% during the 1st quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 296 shares during the period. Finally, Freedom Wealth Alliance LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $60,000. Institutional investors and hedge funds own 68.94% of the company’s stock.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 4,310 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.79% of the stock is owned by company insiders.

Analyst Ratings Changes

JPM has been the topic of a number of research reports. Jefferies Financial Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price target for the stock from $149.00 to $165.00 in a research note on Tuesday, July 11th. Credit Suisse Group upped their price target on shares of JPMorgan Chase & Co. from $160.00 to $170.00 in a research note on Monday, July 17th. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 price target on the stock in a research note on Friday, July 7th. Oppenheimer decreased their price objective 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. Finally, HSBC started coverage on shares of JPMorgan Chase & Co. in a report on Thursday, September 7th. They issued a “hold” rating and a $159.00 price objective for the company. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $167.21.

JPMorgan Chase & Co. Stock Up 0.2 %

JPM stock opened at $149.12 on Tuesday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.90 and a quick ratio of 0.90. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $159.38. The company has a 50-day moving average of $150.88 and a two-hundred day moving average of $141.59. The stock has a market capitalization of $433.35 billion, a price-to-earnings ratio of 9.60, a price-to-earnings-growth ratio of 1.92 and a beta of 1.11.

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 (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 company had revenue of $42.40 billion during the quarter, compared to analysts’ expectations of $38.66 billion. During the same period in the prior year, the company earned $2.76 earnings per share. The business’s quarterly revenue was up 34.1% compared to the same quarter last year. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 15.58 EPS 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.