JPMorgan Chase & Co. $JPM Shares Bought by Greenfield Savings Bank

Greenfield Savings Bank boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,152 shares of the financial services provider’s stock after purchasing an additional 101 shares during the quarter. JPMorgan Chase & Co. makes up approximately 3.2% of Greenfield Savings Bank’s holdings, making the stock its 3rd largest position. Greenfield Savings Bank’s holdings in JPMorgan Chase & Co. were worth $7,002,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. MJT & Associates Financial Advisory Group Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth $28,000. University of Illinois Foundation purchased a new position in shares of JPMorgan Chase & Co. during the first quarter valued at $30,000. Curat Global LLC acquired a new position in JPMorgan Chase & Co. in the 1st quarter worth about $33,000. Capital A Wealth Management LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth about $64,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter worth about $72,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. TD Securities restated a “buy” rating on shares of JPMorgan Chase & Co. in a research note on Wednesday, June 4th. Wells Fargo & Company increased their target price on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Evercore ISI set a $298.00 price target on JPMorgan Chase & Co. and gave the company an “outperform” rating in a report on Monday, July 7th. Citigroup set a $275.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Monday, July 7th. Finally, Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $235.00 price objective on the stock. in a research report on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $291.67.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $306.88 on Friday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. The stock’s 50-day simple moving average is $293.94 and its 200 day simple moving average is $267.38. The company has a market cap of $843.84 billion, a P/E ratio of 15.75, a P/E/G ratio of 2.03 and a beta of 1.13. JPMorgan Chase & Co. has a 52-week low of $202.16 and a 52-week high of $307.55.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping analysts’ consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The business had revenue of $44.91 billion during the quarter, compared to analysts’ expectations of $43.76 billion. During the same quarter last year, the company posted $6.12 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was down 10.5% on a year-over-year basis. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Insider Activity

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 completion of the transaction, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Profile

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.