Kensington Investment Counsel LLC Buys 637 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Kensington Investment Counsel LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 5.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 12,523 shares of the financial services provider’s stock after buying an additional 637 shares during the quarter. Kensington Investment Counsel LLC’s holdings in JPMorgan Chase & Co. were worth $1,707,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its position in JPMorgan Chase & Co. by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 266,854,574 shares of the financial services provider’s stock valued at $36,377,615,000 after acquiring an additional 6,792,220 shares in the last quarter. State Street Corp lifted its position in JPMorgan Chase & Co. by 1.6% during the 4th quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock worth $22,441,376,000 after acquiring an additional 2,277,065 shares during the period. Geode Capital Management LLC raised its stake in shares of JPMorgan Chase & Co. by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 47,806,506 shares of the financial services provider’s stock valued at $7,548,705,000 after buying an additional 687,571 shares during the last quarter. Norges Bank purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $4,092,843,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of JPMorgan Chase & Co. by 4.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 19,360,635 shares of the financial services provider’s stock valued at $2,639,810,000 after purchasing an additional 877,422 shares in the last quarter. 68.57% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 0.5 %

Shares of JPMorgan Chase & Co. stock opened at $119.17 on Friday. 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. The stock has a market cap of $349.47 billion, a PE ratio of 9.56, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. The company has a 50-day moving average of $115.44 and a two-hundred day moving average of $123.65.

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

Analysts Set New Price Targets

Several equities research analysts have commented on JPM shares. Oppenheimer cut their price objective on JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a research note on Friday, July 15th. Barclays set a $200.00 price objective on JPMorgan Chase & Co. in a research note on Monday, July 18th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $148.00 price objective (up from $142.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 24th. Piper Sandler cut their price objective on JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday, July 1st. Finally, Societe Generale upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their target price for the stock from $145.00 to $150.00 in a report on Tuesday, May 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus price target of $145.95.

About JPMorgan Chase & Co.

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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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