Giverny Capital Inc. raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 5.0% in the second quarter, HoldingsChannel.com reports. The firm owned 334,011 shares of the financial services provider’s stock after purchasing an additional 15,896 shares during the quarter. JPMorgan Chase & Co. comprises approximately 3.8% of Giverny Capital Inc.’s holdings, making the stock its 9th biggest holding. Giverny Capital Inc.’s holdings in JPMorgan Chase & Co. were worth $37,342,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Personal Wealth Partners acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $28,000. MRA Associates USA LLC acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $30,000. Titan Capital Management LLC CA acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $35,000. Smart Portfolios LLC raised its position in shares of JPMorgan Chase & Co. by 29.6% in the 4th quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock valued at $49,000 after buying an additional 114 shares in the last quarter. Finally, Redhawk Wealth Advisors Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $56,000. 72.23% of the stock is owned by hedge funds and other institutional investors.
In related news, insider Lori A. Beer sold 13,341 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the completion of the transaction, the insider now directly owns 10,130 shares in the company, valued at approximately $1,157,656.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mellody L. Hobson bought 18,200 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, August 8th. The shares were acquired at an average cost of $109.91 per share, for a total transaction of $2,000,362.00. Following the completion of the acquisition, the director now directly owns 7,804 shares in the company, valued at $857,737.64. The disclosure for this purchase can be found here. 0.76% of the stock is owned by corporate insiders.
JPM stock traded up $0.97 during trading on Friday, reaching $118.88. 2,781,050 shares of the company were exchanged, compared to its average volume of 10,656,794. The company has a 50-day moving average of $110.70 and a two-hundred day moving average of $109.63. The company has a market capitalization of $373.69 billion, a price-to-earnings ratio of 13.21, a P/E/G ratio of 1.69 and a beta of 1.19. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $119.24. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 0.97.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.32. The business had revenue of $28.83 billion during the quarter, compared to analysts’ expectations of $28.52 billion. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company earned $2.29 EPS. On average, analysts forecast that JPMorgan Chase & Co. will post 9.91 EPS for the current year.
Several brokerages have recently commented on JPM. Deutsche Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. Wells Fargo & Co set a $125.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, August 16th. Goldman Sachs Group restated a “neutral” rating and issued a $117.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. Royal Bank of Canada restated a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 16th. Finally, DZ Bank restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, August 21st. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus price target of $121.94.
JPMorgan Chase & Co. 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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
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