Truepoint Inc. increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1,928.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,972 shares of the financial services provider’s stock after acquiring an additional 7,579 shares during the period. Truepoint Inc.’s holdings in JPMorgan Chase & Co. were worth $831,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Ninepoint Partners LP increased its holdings in shares of JPMorgan Chase & Co. by 12.0% in the first quarter. Ninepoint Partners LP now owns 14,005 shares of the financial services provider’s stock worth $1,540,000 after purchasing an additional 1,500 shares during the period. Brinker Capital Inc. increased its holdings in shares of JPMorgan Chase & Co. by 13.5% in the first quarter. Brinker Capital Inc. now owns 105,882 shares of the financial services provider’s stock worth $11,644,000 after purchasing an additional 12,584 shares during the period. Taylor Hoffman Wealth Management increased its holdings in shares of JPMorgan Chase & Co. by 28.4% in the first quarter. Taylor Hoffman Wealth Management now owns 6,224 shares of the financial services provider’s stock worth $684,000 after purchasing an additional 1,375 shares during the period. Nicollet Investment Management Inc. increased its holdings in shares of JPMorgan Chase & Co. by 4.4% in the first quarter. Nicollet Investment Management Inc. now owns 26,781 shares of the financial services provider’s stock worth $2,945,000 after purchasing an additional 1,135 shares during the period. Finally, Morningstar Investment Services LLC increased its holdings in shares of JPMorgan Chase & Co. by 9.1% in the first quarter. Morningstar Investment Services LLC now owns 10,865 shares of the financial services provider’s stock worth $1,195,000 after purchasing an additional 906 shares during the period. 70.26% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Mellody L. Hobson bought 1,150 shares of the business’s stock in a transaction that occurred on Friday, October 19th. The stock was bought at an average cost of $108.94 per share, for a total transaction of $125,281.00. Following the completion of the transaction, the director now owns 2,632 shares of the company’s stock, valued at $286,730.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.73% of the stock is currently owned by insiders.

Several research analysts have recently weighed in on JPM shares. Bank of America upped their price target on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the stock a “buy” rating in a report on Monday, September 17th. Zacks Investment Research raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 price target on the stock in a report on Friday, September 14th. Vining Sparks reaffirmed a “buy” rating and issued a $125.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, October 12th. Finally, Wells Fargo & Co set a $130.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Thursday, November 15th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $123.74.

Shares of NYSE:JPM opened at $107.23 on Wednesday. JPMorgan Chase & Co. has a 52-week low of $102.20 and a 52-week high of $119.33. The firm has a market capitalization of $381.60 billion, a P/E ratio of 15.61, a P/E/G ratio of 1.82 and a beta of 1.10. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.17.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. The company had revenue of $27.26 billion during the quarter, compared to analyst estimates of $27.20 billion. During the same period in the previous year, the business earned $1.76 earnings per share. Sell-side analysts predict that JPMorgan Chase & Co. will post 9.26 EPS for the current year.

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JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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