JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Lifted by SeaCrest Wealth Management LLC

SeaCrest Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.5% in the second quarter, according to its most recent filing with the SEC. The fund owned 27,201 shares of the financial services provider’s stock after acquiring an additional 392 shares during the period. JPMorgan Chase & Co. comprises about 0.6% of SeaCrest Wealth Management LLC’s portfolio, making the stock its 22nd largest holding. SeaCrest Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $5,502,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Sunpointe LLC raised its holdings in shares of JPMorgan Chase & Co. by 2.6% during the second quarter. Sunpointe LLC now owns 7,369 shares of the financial services provider’s stock valued at $1,490,000 after acquiring an additional 188 shares during the period. Perfromance Wealth Partners LLC raised its stake in JPMorgan Chase & Co. by 32.0% during the 2nd quarter. Perfromance Wealth Partners LLC now owns 155,864 shares of the financial services provider’s stock valued at $31,525,000 after purchasing an additional 37,793 shares during the period. Pallas Capital Advisors LLC raised its stake in JPMorgan Chase & Co. by 3.0% during the 2nd quarter. Pallas Capital Advisors LLC now owns 102,469 shares of the financial services provider’s stock valued at $21,517,000 after purchasing an additional 2,947 shares during the period. MBE Wealth Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 44.1% in the second quarter. MBE Wealth Management LLC now owns 2,664 shares of the financial services provider’s stock valued at $539,000 after purchasing an additional 815 shares in the last quarter. Finally, M3 Advisory Group LLC boosted its position in shares of JPMorgan Chase & Co. by 4.3% in the second quarter. M3 Advisory Group LLC now owns 3,744 shares of the financial services provider’s stock worth $757,000 after buying an additional 155 shares during the period. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

JPM stock traded down $0.94 during midday trading on Tuesday, hitting $214.51. 2,711,660 shares of the company traded hands, compared to its average volume of 9,160,863. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $217.56. The stock has a market capitalization of $616.00 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 2.42 and a beta of 1.12. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The business has a 50 day simple moving average of $204.99 and a 200-day simple moving average of $196.00.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter last year, the firm posted $4.37 EPS. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

Analysts Set New Price Targets

JPM has been the topic of several recent analyst reports. Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Tuesday, July 9th. UBS Group raised their price target on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $211.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Piper Sandler increased their target price on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Finally, Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $205.71.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 5,086 shares of the stock in a transaction that occurred on Monday, June 10th. The stock was sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the sale, the insider now owns 212,265 shares in the company, valued at approximately $42,355,358.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Company 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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.