JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Zullo Investment Group Inc.

Zullo Investment Group Inc. lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 16,653 shares of the financial services provider’s stock after purchasing an additional 688 shares during the period. JPMorgan Chase & Co. makes up about 1.2% of Zullo Investment Group Inc.’s investment portfolio, making the stock its 15th biggest position. Zullo Investment Group Inc.’s holdings in JPMorgan Chase & Co. were worth $2,270,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Dravo Bay LLC acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $26,000. Advanced Research Investment Solutions LLC grew its position in JPMorgan Chase & Co. by 118.2% in the first quarter. Advanced Research Investment Solutions LLC now owns 288 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 156 shares during the period. Landmark Wealth Management LLC purchased a new position in JPMorgan Chase & Co. in the first quarter worth approximately $46,000. Cordant Inc. purchased a new position in JPMorgan Chase & Co. in the first quarter worth approximately $47,000. Finally, Delos Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 13,433.3% in the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 403 shares during the period. Institutional investors and hedge funds own 68.57% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on JPM shares. Piper Sandler lowered their price objective on JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating for the company in a research report on Friday, July 1st. UBS Group lowered their price objective on JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating for the company in a research report on Friday, July 15th. Oppenheimer lowered their price objective on JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a research report on Friday, July 15th. Morgan Stanley lowered their price objective on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a research report on Tuesday, July 12th. Finally, BMO Capital Markets increased their price objective on JPMorgan Chase & Co. from $150.00 to $156.00 in a research report on Tuesday, May 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $145.95.

JPMorgan Chase & Co. Trading Up 0.5 %

NYSE:JPM opened at $119.17 on Friday. The firm has a market cap of $349.47 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The stock has a fifty day moving average price of $115.44 and a 200 day moving average price of $123.65. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.76. The firm had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. JPMorgan Chase & Co.’s revenue was up .8% compared to the same quarter last year. During the same period last year, the business posted $3.78 earnings per share. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 11.31 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Profile

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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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

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

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