LVM Capital Management Ltd. MI Grows Stock Holdings in JPMorgan Chase & Co. $JPM

LVM Capital Management Ltd. MI grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.8% during the 2nd quarter, Holdings Channel reports. The fund owned 55,356 shares of the financial services provider’s stock after purchasing an additional 2,003 shares during the period. JPMorgan Chase & Co. makes up about 1.7% of LVM Capital Management Ltd. MI’s holdings, making the stock its 17th largest holding. LVM Capital Management Ltd. MI’s holdings in JPMorgan Chase & Co. were worth $16,048,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Florida Financial Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 62.5% during the first quarter. Florida Financial Advisors LLC now owns 9,863 shares of the financial services provider’s stock worth $2,416,000 after buying an additional 3,792 shares in the last quarter. Fourth Dimension Wealth LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth $471,000. Crown Wealth Group LLC boosted its holdings in JPMorgan Chase & Co. by 5.4% during the first quarter. Crown Wealth Group LLC now owns 4,320 shares of the financial services provider’s stock worth $1,060,000 after buying an additional 222 shares in the last quarter. Mosaic Financial Group LLC boosted its holdings in JPMorgan Chase & Co. by 0.8% during the first quarter. Mosaic Financial Group LLC now owns 9,296 shares of the financial services provider’s stock worth $2,280,000 after buying an additional 78 shares in the last quarter. Finally, Morse Asset Management Inc boosted its holdings in JPMorgan Chase & Co. by 19.5% during the first quarter. Morse Asset Management Inc now owns 2,569 shares of the financial services provider’s stock worth $630,000 after buying an additional 420 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

JPM opened at $306.88 on Friday. The firm’s fifty day simple moving average is $293.94 and its two-hundred day simple moving average is $267.32. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The company has a market cap of $843.84 billion, a price-to-earnings ratio of 15.75, a PEG 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 earnings per share for the quarter, topping the consensus estimate of $4.48 by $0.48. The firm had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company’s revenue for the quarter was down 10.5% on a year-over-year basis. During the same period last year, the firm posted $6.12 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on JPM. Morgan Stanley increased their price target on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Robert W. Baird downgraded 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 report on Friday, June 27th. Citigroup set a $275.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Monday, July 7th. Truist Financial increased their price objective on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a “hold” rating in a report on Wednesday, July 9th. Finally, HSBC reaffirmed a “reduce” rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $291.67.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, Director Linda Bammann sold 9,500 shares of the firm’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total value of $2,830,430.00. Following the transaction, the director directly owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.47% of the company’s stock.

JPMorgan Chase & Co. Company 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.