Gradient Investments LLC Purchases 3,450 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Gradient Investments LLC boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 240,686 shares of the financial services provider’s stock after purchasing an additional 3,450 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.9% of Gradient Investments LLC’s investment portfolio, making the stock its 26th largest holding. Gradient Investments LLC’s holdings in JPMorgan Chase & Co. were worth $35,005,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Adirondack Retirement Specialists Inc. increased its holdings in shares of JPMorgan Chase & Co. by 510.8% during the first quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 189 shares in the last quarter. Nordwand Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the first quarter valued at about $30,000. Boulder Wealth Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $43,000. Sageworth Trust Co increased its holdings in shares of JPMorgan Chase & Co. by 266.7% during the first quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 296 shares in the last quarter. Finally, Aspire Private Capital LLC acquired a new position in shares of JPMorgan Chase & Co. during the first quarter valued at about $54,391,133,000. 68.94% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Trading Up 0.2 %

Shares of NYSE:JPM opened at $149.12 on Tuesday. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $159.38. The firm has a market capitalization of $433.35 billion, a price-to-earnings ratio of 9.60, a price-to-earnings-growth ratio of 1.92 and a beta of 1.11. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.90 and a quick ratio of 0.90. The business’s 50 day moving average price is $150.88 and its 200-day moving average price is $141.59.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, July 14th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.75. The firm had revenue of $42.40 billion for the quarter, compared to analyst estimates of $38.66 billion. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The business’s revenue was up 34.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.76 EPS. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 15.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on JPM shares. Societe Generale downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, July 10th. HSBC started coverage on shares of JPMorgan Chase & Co. in a report on Thursday, September 7th. They issued a “hold” rating and a $159.00 price target on the stock. Jefferies Financial Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price target for the stock from $149.00 to $165.00 in a report on Tuesday, July 11th. Citigroup downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 price target on the stock. in a report on Wednesday, July 12th. Finally, Atlantic Securities increased their price target on shares of JPMorgan Chase & Co. from $150.00 to $160.00 and gave the stock a “neutral” rating in a report on Tuesday, August 1st. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $167.21.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total value of $624,346.60. Following the transaction, the general counsel now owns 53,425 shares in the company, valued at approximately $7,739,145.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.79% of the stock is currently owned by insiders.

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, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.