Lynx Investment Advisory Buys 61 Shares of JPMorgan Chase & Co. $JPM

Lynx Investment Advisory raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,707 shares of the financial services provider’s stock after purchasing an additional 61 shares during the period. Lynx Investment Advisory’s holdings in JPMorgan Chase & Co. were worth $664,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. MJT & Associates Financial Advisory Group Inc. bought a new stake in JPMorgan Chase & Co. in the 1st quarter valued at $28,000. University of Illinois Foundation bought a new stake in JPMorgan Chase & Co. in the 1st quarter valued at $30,000. Curat Global LLC bought a new stake in JPMorgan Chase & Co. in the 1st quarter valued at $33,000. Capital A Wealth Management LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $64,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $72,000. 71.55% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on JPM. Evercore ISI set a $298.00 price target on shares of JPMorgan Chase & Co. and gave the company an “outperform” rating in a report on Monday, July 7th. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, May 15th. They issued a “buy” rating and a $305.00 price objective for the company. 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 research note on Wednesday, July 9th. HSBC restated a “reduce” rating and issued a $259.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $291.67.

JPMorgan Chase & Co. Trading Up 1.6%

Shares of JPMorgan Chase & Co. stock opened at $305.39 on Friday. The stock has a market capitalization of $839.75 billion, a P/E ratio of 15.67, a price-to-earnings-growth ratio of 2.00 and a beta of 1.13. 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 50-day simple moving average of $293.72 and a 200 day simple moving average of $266.98. JPMorgan Chase & Co. has a 12-month low of $202.16 and a 12-month high of $305.73.

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

Insider Activity

In related news, Director Linda Bammann sold 9,500 shares of the stock in a transaction dated 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 sale, the director owned 82,207 shares in the company, valued at $24,492,753.58. This trade represents a 10.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.47% of the stock is owned by company insiders.

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.