BDO Wealth Advisors LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 15.7% in the first quarter, Holdings Channel reports. The institutional investor owned 27,352 shares of the financial services provider’s stock after acquiring an additional 3,717 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.1% of BDO Wealth Advisors LLC’s holdings, making the stock its 17th largest position. BDO Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $3,008,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in JPM. Summit Trail Advisors LLC increased its holdings in JPMorgan Chase & Co. by 10,129.2% in the 1st quarter. Summit Trail Advisors LLC now owns 6,914,142 shares of the financial services provider’s stock valued at $6,914,000 after purchasing an additional 6,846,550 shares during the last quarter. OppenheimerFunds Inc. increased its holdings in JPMorgan Chase & Co. by 104.9% in the 1st quarter. OppenheimerFunds Inc. now owns 9,051,033 shares of the financial services provider’s stock valued at $995,342,000 after purchasing an additional 4,634,515 shares during the last quarter. Mackenzie Financial Corp increased its holdings in JPMorgan Chase & Co. by 421.0% in the 4th quarter. Mackenzie Financial Corp now owns 3,427,864 shares of the financial services provider’s stock valued at $366,576,000 after purchasing an additional 2,769,926 shares during the last quarter. ADAMCAPITAL Gestao de Recursos Ltda. acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $262,139,000. Finally, OMERS ADMINISTRATION Corp increased its holdings in JPMorgan Chase & Co. by 108.1% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 3,835,312 shares of the financial services provider’s stock valued at $421,769,000 after purchasing an additional 1,992,507 shares during the last quarter. Institutional investors and hedge funds own 70.70% of the company’s stock.

JPM has been the subject of several research reports. UBS Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. BMO Capital Markets lifted their target price on shares of JPMorgan Chase & Co. from $110.00 to $118.00 and gave the company a “market perform” rating in a report on Monday, July 16th. DZ Bank upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Goldman Sachs Group restated a “neutral” rating and issued a $124.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 16th. Finally, Keefe, Bruyette & Woods restated a “$111.53” rating and issued a $127.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $120.23.

In other news, CEO Gordon Smith sold 30,725 shares of JPMorgan Chase & Co. stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $114.01, for a total transaction of $3,502,957.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.73% of the stock is currently owned by insiders.

JPMorgan Chase & Co. stock opened at $114.32 on Friday. The firm has a market cap of $391.59 billion, a PE ratio of 16.64, a PEG ratio of 1.87 and a beta of 1.16. JPMorgan Chase & Co. has a 12-month low of $88.24 and a 12-month high of $119.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, July 13th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.22 by $0.07. The business had revenue of $27.75 billion during the quarter, compared to analysts’ expectations of $27.62 billion. JPMorgan Chase & Co. had a net margin of 22.80% and a return on equity of 13.18%. sell-side analysts forecast that JPMorgan Chase & Co. will post 9.15 earnings per share for the current year.

About JPMorgan Chase & Co.

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.

Further Reading: Understanding Price to Earnings Ratio (PE)

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

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