White Pine Investment CO Buys 168 Shares of JPMorgan Chase & Co. (NYSE:JPM)

White Pine Investment CO raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.4% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 43,323 shares of the financial services provider’s stock after acquiring an additional 168 shares during the period. JPMorgan Chase & Co. makes up approximately 2.3% of White Pine Investment CO’s holdings, making the stock its 20th biggest position. White Pine Investment CO’s holdings in JPMorgan Chase & Co. were worth $4,844,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BKD Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 3.4% in the fourth quarter. BKD Wealth Advisors LLC now owns 45,053 shares of the financial services provider’s stock valued at $4,398,000 after purchasing an additional 1,500 shares in the last quarter. Winslow Evans & Crocker Inc. increased its holdings in shares of JPMorgan Chase & Co. by 16.1% in the fourth quarter. Winslow Evans & Crocker Inc. now owns 25,052 shares of the financial services provider’s stock valued at $2,448,000 after purchasing an additional 3,470 shares in the last quarter. Viking Fund Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 106.7% in the fourth quarter. Viking Fund Management LLC now owns 31,000 shares of the financial services provider’s stock valued at $3,026,000 after purchasing an additional 16,000 shares in the last quarter. Paulson Wealth Management Inc. increased its holdings in shares of JPMorgan Chase & Co. by 5.4% in the fourth quarter. Paulson Wealth Management Inc. now owns 7,426 shares of the financial services provider’s stock valued at $764,000 after purchasing an additional 381 shares in the last quarter. Finally, IFM Investors Pty Ltd increased its holdings in shares of JPMorgan Chase & Co. by 8.9% in the fourth quarter. IFM Investors Pty Ltd now owns 195,792 shares of the financial services provider’s stock valued at $19,113,000 after purchasing an additional 16,004 shares in the last quarter. Institutional investors and hedge funds own 72.31% of the company’s stock.

JPM traded up $0.53 during trading on Wednesday, reaching $107.84. 529,532 shares of the company’s stock were exchanged, compared to its average volume of 12,049,560. The company’s fifty day moving average price is $112.41 and its 200-day moving average price is $108.93. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 0.97. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $119.24. The firm has a market capitalization of $344.43 billion, a PE ratio of 11.98, a P/E/G ratio of 1.55 and a beta of 1.16.



JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.32. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The firm had revenue of $28.83 billion during the quarter, compared to analyst estimates of $28.52 billion. During the same quarter in the previous year, the business earned $2.29 EPS. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Research analysts forecast that JPMorgan Chase & Co. will post 9.94 earnings per share for the current fiscal year.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 18,200 shares of the stock in a transaction on Thursday, August 8th. The stock was purchased at an average price of $109.91 per share, with a total value of $2,000,362.00. Following the acquisition, the director now owns 7,804 shares of the company’s stock, valued at $857,737.64. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Peter Scher sold 10,816 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $115.00, for a total transaction of $1,243,840.00. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by insiders.

A number of analysts recently weighed in on JPM shares. Royal Bank of Canada reissued a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 16th. DZ Bank reissued a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Deutsche Bank reissued a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, June 28th. Wells Fargo & Co set a $125.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday, August 16th. Finally, ValuEngine lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $121.94.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

See Also: Why is cost of goods sold important?

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.