Sanders Morris Harris LLC Acquires 7,437 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Sanders Morris Harris LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 57.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,345 shares of the financial services provider’s stock after acquiring an additional 7,437 shares during the period. JPMorgan Chase & Co. comprises approximately 0.7% of Sanders Morris Harris LLC’s portfolio, making the stock its 21st biggest holding. Sanders Morris Harris LLC’s holdings in JPMorgan Chase & Co. were worth $2,968,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in JPM. Oxler Private Wealth LLC increased its holdings in JPMorgan Chase & Co. by 0.9% in the 4th quarter. Oxler Private Wealth LLC now owns 8,158 shares of the financial services provider’s stock worth $1,094,000 after buying an additional 71 shares in the last quarter. Prostatis Group LLC increased its holdings in JPMorgan Chase & Co. by 0.9% in the 1st quarter. Prostatis Group LLC now owns 8,046 shares of the financial services provider’s stock worth $1,059,000 after buying an additional 74 shares in the last quarter. Cravens & Co Advisors LLC boosted its position in JPMorgan Chase & Co. by 1.3% in the first quarter. Cravens & Co Advisors LLC now owns 5,905 shares of the financial services provider’s stock worth $769,000 after purchasing an additional 74 shares during the last quarter. Quent Capital LLC boosted its position in JPMorgan Chase & Co. by 0.7% in the second quarter. Quent Capital LLC now owns 9,969 shares of the financial services provider’s stock worth $1,450,000 after purchasing an additional 74 shares during the last quarter. Finally, Howard Wealth Management LLC boosted its position in JPMorgan Chase & Co. by 2.5% in the first quarter. Howard Wealth Management LLC now owns 3,062 shares of the financial services provider’s stock worth $399,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total value of $624,346.60. Following the completion of the sale, the general counsel now directly owns 53,425 shares in the company, valued at $7,739,145.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.79% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have issued reports on JPM. Societe Generale cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. 888 reissued a “maintains” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 26th. Atlantic Securities raised their target price on JPMorgan Chase & Co. from $150.00 to $160.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 1st. Citigroup cut JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 target price on the stock. in a research report on Wednesday, July 12th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $158.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, September 8th. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $167.21.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock 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 stock’s 50-day moving average is $150.88 and its 200 day moving average is $141.59. The company has a market cap of $433.35 billion, a P/E ratio of 9.60, a PEG ratio of 1.92 and a beta of 1.11. 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. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 14th. The financial services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $42.40 billion for the quarter, compared to the consensus estimate of $38.66 billion. During the same quarter last year, the company earned $2.76 earnings per share. The firm’s revenue for the quarter was up 34.1% compared to the same quarter last year. Research analysts predict 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.