Credit Capital Investments LLC Has $2.86 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Credit Capital Investments LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.0% in the first quarter, Holdings Channel reports. The institutional investor owned 21,000 shares of the financial services provider’s stock after acquiring an additional 1,000 shares during the period. JPMorgan Chase & Co. makes up about 2.7% of Credit Capital Investments LLC’s portfolio, making the stock its 13th largest position. Credit Capital Investments LLC’s holdings in JPMorgan Chase & Co. were worth $2,863,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Dravo Bay LLC bought a new position in shares of JPMorgan Chase & Co. in the first quarter worth $26,000. Advanced Research Investment Solutions LLC increased its position in shares of 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 purchasing an additional 156 shares during the period. Landmark Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. in the first quarter worth $46,000. Cordant Inc. bought a new position in shares of JPMorgan Chase & Co. in the first quarter worth $47,000. Finally, Delos Wealth Advisors LLC increased its position in shares of 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 purchasing an additional 403 shares during the period. Institutional investors and hedge funds own 68.57% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $119.17 on Friday. The stock has a market cap of $349.47 billion, a P/E ratio of 9.56, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. 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’s 50-day moving average is $115.44 and its 200-day moving average is $123.48. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, hitting analysts’ consensus estimates of $2.76. The company had revenue of $30.72 billion for 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%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.78 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 11.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent analyst reports. Credit Suisse Group set a $145.00 price target on JPMorgan Chase & Co. in a research report on Monday, August 8th. UBS Group decreased their target price on JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating on the stock in a research report on Friday, July 15th. Oppenheimer decreased their target price on JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating on the stock in a research report on Friday, July 15th. Royal Bank of Canada set a $130.00 target price on JPMorgan Chase & Co. in a research report on Tuesday, September 6th. Finally, Societe Generale upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their target price for the company from $145.00 to $150.00 in a research report on Tuesday, May 24th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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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