Stonebridge Capital Management Inc. Boosts Stock Position in JPMorgan Chase & Co. $JPM

Stonebridge Capital Management Inc. grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 120.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,200 shares of the financial services provider’s stock after purchasing an additional 1,200 shares during the period. Stonebridge Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in JPM. MJT & Associates Financial Advisory Group Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $28,000. University of Illinois Foundation purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $30,000. Curat Global LLC purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $33,000. Capital A Wealth Management LLC purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $64,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $72,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 0.4%

NYSE:JPM opened at $306.88 on Friday. 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 stock’s fifty day moving average is $293.94 and its two-hundred day moving average is $267.32. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $307.55. The stock has a market capitalization of $843.84 billion, a price-to-earnings ratio of 15.75, a price-to-earnings-growth ratio of 2.03 and a beta of 1.13.

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

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the company’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the transaction, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.47% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on JPM shares. Royal Bank Of Canada set a $305.00 price objective on JPMorgan Chase & Co. and gave the company an “outperform” rating in a report on Monday, June 30th. Piper Sandler reiterated an “overweight” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 15th. Cowen reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Truist Financial upped their price objective on JPMorgan Chase & Co. from $280.00 to $290.00 and gave the company a “hold” rating in a report on Wednesday, July 9th. Finally, Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Friday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $291.67.

JPMorgan Chase & Co. Company 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.