JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Lifted by White Pine Investment CO

White Pine Investment CO raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,326 shares of the financial services provider’s stock after purchasing an additional 645 shares during the period. JPMorgan Chase & Co. accounts for about 2.2% of White Pine Investment CO’s investment portfolio, making the stock its 16th largest position. White Pine Investment CO’s holdings in JPMorgan Chase & Co. were worth $7,550,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JPM. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth $6,016,878,000. Swedbank AB bought a new stake in JPMorgan Chase & Co. in the first quarter worth $800,130,000. Capital Research Global Investors increased its position in JPMorgan Chase & Co. by 23.3% during the first quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider’s stock worth $3,445,185,000 after buying an additional 3,252,451 shares during the last quarter. Capital International Investors raised its holdings in JPMorgan Chase & Co. by 5.4% during the fourth quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock valued at $7,062,094,000 after buying an additional 2,128,478 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its position in shares of JPMorgan Chase & Co. by 3,836.2% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,518,969 shares of the financial services provider’s stock worth $258,377,000 after buying an additional 1,480,379 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $218.31 on Friday. The firm has a market capitalization of $626.91 billion, a price-to-earnings ratio of 12.18, a PEG ratio of 2.42 and a beta of 1.12. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $219.19. The business has a fifty day simple moving average of $206.81 and a 200 day simple moving average of $197.01. The company has a current ratio of 0.91, a quick ratio of 0.92 and a debt-to-equity ratio of 1.24.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Oppenheimer raised their price objective on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. Piper Sandler upped their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Robert W. Baird raised their target price on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a research note on Tuesday, May 21st. Finally, UBS Group upped their price target on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Eight research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $205.71.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. 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 sale, the insider now directly owns 212,265 shares of the company’s stock, valued at $42,355,358.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.79% of the company’s stock.

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; 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.