JPMorgan Chase & Co. $JPM Shares Bought by Martin Capital Partners LLC

by · The Cerbat Gem

Martin Capital Partners LLC lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 217.7% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 35,840 shares of the financial services provider’s stock after buying an additional 24,560 shares during the quarter. JPMorgan Chase & Co. comprises about 4.1% of Martin Capital Partners LLC’s portfolio, making the stock its largest holding. Martin Capital Partners LLC’s holdings in JPMorgan Chase & Co. were worth $10,390,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. MRA Advisory Group lifted its stake in shares of JPMorgan Chase & Co. by 45.4% during the 2nd quarter. MRA Advisory Group now owns 4,826 shares of the financial services provider’s stock worth $1,399,000 after buying an additional 1,507 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.9% during the 2nd quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 79,452 shares of the financial services provider’s stock worth $23,034,000 after buying an additional 731 shares during the last quarter. Hickory Point Bank & Trust lifted its stake in shares of JPMorgan Chase & Co. by 12.6% during the 2nd quarter. Hickory Point Bank & Trust now owns 6,718 shares of the financial services provider’s stock worth $1,948,000 after buying an additional 753 shares during the last quarter. Canandaigua National Bank & Trust Co. lifted its stake in shares of JPMorgan Chase & Co. by 0.4% during the 2nd quarter. Canandaigua National Bank & Trust Co. now owns 89,004 shares of the financial services provider’s stock worth $25,803,000 after buying an additional 320 shares during the last quarter. Finally, RMR Wealth Builders increased its position in JPMorgan Chase & Co. by 4.7% during the second quarter. RMR Wealth Builders now owns 35,237 shares of the financial services provider’s stock worth $10,216,000 after acquiring an additional 1,577 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the sale, the director directly owned 82,207 shares of the company’s stock, valued at $24,492,753.58. The trade was a 10.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.47% of the stock is owned by insiders.

JPMorgan Chase & Co. Trading Up 0.8%

JPM opened at $309.38 on Tuesday. JPMorgan Chase & Co. has a fifty-two week low of $202.16 and a fifty-two week high of $309.95. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $850.72 billion, a price-to-earnings ratio of 15.87, a PEG ratio of 2.04 and a beta of 1.13. The company’s 50 day moving average price is $294.29 and its two-hundred day moving average price is $267.75.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, topping analysts’ consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The firm had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. During the same period in the previous year, the firm posted $6.12 EPS. The company’s revenue for the quarter was down 10.5% compared to the same quarter last year. As a group, research analysts predict that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Citigroup set a $275.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Monday, July 7th. Piper Sandler reaffirmed an “overweight” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. Truist Financial raised their price target on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a “hold” rating in a research report on Wednesday, July 9th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 price target on the stock. in a research report on Friday, June 27th. Finally, Keefe, Bruyette & Woods raised their price target on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $291.67.

View Our Latest Stock Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Profile

(Free Report)

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

Read More

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