MONECO Advisors LLC Purchases 253 Shares of JPMorgan Chase & Co. (NYSE:JPM)

MONECO Advisors LLC grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,622 shares of the financial services provider’s stock after purchasing an additional 253 shares during the period. MONECO Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,185,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. Capital International Investors increased its holdings in shares of JPMorgan Chase & Co. by 7.8% in the first quarter. Capital International Investors now owns 38,321,985 shares of the financial services provider’s stock worth $5,834,601,000 after buying an additional 2,769,555 shares during the period. Standard Life Aberdeen plc increased its holdings in JPMorgan Chase & Co. by 129.4% during the 1st quarter. Standard Life Aberdeen plc now owns 3,455,472 shares of the financial services provider’s stock valued at $526,389,000 after purchasing an additional 1,948,850 shares during the period. Prudential Financial Inc. grew its holdings in shares of JPMorgan Chase & Co. by 41.8% during the 1st quarter. Prudential Financial Inc. now owns 5,107,040 shares of the financial services provider’s stock worth $777,444,000 after acquiring an additional 1,504,501 shares during the period. UBS Asset Management Americas Inc. grew its holdings in shares of JPMorgan Chase & Co. by 10.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 14,424,504 shares of the financial services provider’s stock worth $2,195,842,000 after acquiring an additional 1,323,812 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of JPMorgan Chase & Co. by 33.8% during the 1st quarter. Bessemer Group Inc. now owns 5,218,444 shares of the financial services provider’s stock worth $794,404,000 after acquiring an additional 1,316,994 shares during the period. 69.67% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on JPM shares. Keefe, Bruyette & Woods started coverage on JPMorgan Chase & Co. in a research report on Wednesday, July 7th. They issued a “market perform” rating and a $167.00 price objective on the stock. Credit Suisse Group set a $177.00 price objective on JPMorgan Chase & Co. in a research report on Monday, August 23rd. BMO Capital Markets increased their price target on JPMorgan Chase & Co. from $136.00 to $141.00 and gave the company a “market perform” rating in a report on Wednesday, July 14th. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $195.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, June 8th. Finally, Barclays set a $187.00 price target on JPMorgan Chase & Co. in a report on Wednesday, July 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $167.06.

Shares of NYSE:JPM traded up $0.82 during midday trading on Wednesday, hitting $157.89. The company had a trading volume of 464,726 shares, compared to its average volume of 13,698,431. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market cap of $471.80 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 2.24 and a beta of 1.20. JPMorgan Chase & Co. has a 12-month low of $91.38 and a 12-month high of $167.44. The company has a fifty day moving average of $156.08 and a two-hundred day moving average of $156.05.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Monday, July 12th. The financial services provider reported $3.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.09 by $0.69. JPMorgan Chase & Co. had a return on equity of 19.26% and a net margin of 37.71%. The business had revenue of $30.50 billion during the quarter, compared to analyst estimates of $29.71 billion. During the same quarter in the prior year, the business posted $1.38 EPS. JPMorgan Chase & Co.’s revenue for the quarter was down 7.9% compared to the same quarter last year. Research analysts expect that JPMorgan Chase & Co. will post 14.05 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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