Rice Hall James & Associates LLC Buys 700 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Rice Hall James & Associates LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 31.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,949 shares of the financial services provider’s stock after acquiring an additional 700 shares during the quarter. Rice Hall James & Associates LLC’s holdings in JPMorgan Chase & Co. were worth $330,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. New England Investment & Retirement Group Inc. lifted its position in JPMorgan Chase & Co. by 27.2% in the 2nd quarter. New England Investment & Retirement Group Inc. now owns 6,695 shares of the financial services provider’s stock valued at $748,000 after acquiring an additional 1,433 shares in the last quarter. BTR Capital Management Inc. lifted its position in JPMorgan Chase & Co. by 0.7% during the 2nd quarter. BTR Capital Management Inc. now owns 164,688 shares of the financial services provider’s stock worth $18,412,000 after buying an additional 1,223 shares in the last quarter. Annex Advisory Services LLC lifted its position in JPMorgan Chase & Co. by 21.5% during the 2nd quarter. Annex Advisory Services LLC now owns 27,273 shares of the financial services provider’s stock worth $3,050,000 after buying an additional 4,834 shares in the last quarter. Thomasville National Bank lifted its position in JPMorgan Chase & Co. by 344.4% during the 2nd quarter. Thomasville National Bank now owns 88,169 shares of the financial services provider’s stock worth $9,857,000 after buying an additional 68,329 shares in the last quarter. Finally, Villere ST Denis J & Co. LLC lifted its position in JPMorgan Chase & Co. by 1.7% during the 2nd quarter. Villere ST Denis J & Co. LLC now owns 132,125 shares of the financial services provider’s stock worth $14,771,000 after buying an additional 2,180 shares in the last quarter. 72.31% of the stock is currently owned by institutional investors and hedge funds.

In other news, insider Lori A. Beer sold 13,341 shares of the business’s stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the transaction, the insider now directly owns 10,130 shares in the company, valued at approximately $1,157,656.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Peter Scher sold 10,816 shares of the business’s stock in a transaction dated 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 owned by insiders.

Several equities research analysts have commented on the stock. Royal Bank of Canada reissued a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 16th. DZ Bank reissued a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday. Goldman Sachs Group reissued a “neutral” rating and set a $117.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. Morgan Stanley set a $122.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, ValuEngine cut shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $121.94.

Shares of JPMorgan Chase & Co. stock traded up $0.53 during trading on Wednesday, hitting $107.84. 529,532 shares of the stock were exchanged, compared to its average volume of 12,049,560. The stock has a market capitalization of $344.43 billion, a price-to-earnings ratio of 11.98, a price-to-earnings-growth ratio of 1.55 and a beta of 1.16. The company has a fifty day moving average price of $112.41 and a 200-day moving average price of $108.93. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $119.24. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.22.

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

About JPMorgan Chase & Co.

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.

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

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