Lafayette Investments Inc. Has $4.47 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Lafayette Investments Inc. lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,724 shares of the financial services provider’s stock after buying an additional 471 shares during the quarter. Lafayette Investments Inc.’s holdings in JPMorgan Chase & Co. were worth $4,468,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of JPM. Bellwether Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 288.3% during the 1st quarter. Bellwether Advisors LLC now owns 365 shares of the financial services provider’s stock worth $55,000 after buying an additional 271 shares during the period. Stuart Chaussee & Associates Inc. grew its holdings in JPMorgan Chase & Co. by 18.0% during the first quarter. Stuart Chaussee & Associates Inc. now owns 550 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 84 shares during the period. Financial Avengers Inc. grew its holdings in JPMorgan Chase & Co. by 21.6% during the first quarter. Financial Avengers Inc. now owns 552 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 98 shares during the period. Lake Point Wealth Management acquired a new position in JPMorgan Chase & Co. during the second quarter valued at approximately $109,000. Finally, McCarthy Asset Management Inc. grew its holdings in JPMorgan Chase & Co. by 38.8% during the second quarter. McCarthy Asset Management Inc. now owns 708 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 198 shares during the period. Institutional investors own 69.67% of the company’s stock.

NYSE JPM traded up $0.42 on Thursday, hitting $158.58. 732,537 shares of the stock were exchanged, compared to its average volume of 13,687,149. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.85 and a quick ratio of 0.85. The business’s fifty day moving average is $156.17 and its 200 day moving average is $156.06. JPMorgan Chase & Co. has a 52 week low of $91.38 and a 52 week high of $167.44. The company has a market capitalization of $473.86 billion, a PE ratio of 10.57, a P/E/G ratio of 2.24 and a beta of 1.20.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Monday, July 12th. The financial services provider reported $3.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.09 by $0.69. JPMorgan Chase & Co. had a net margin of 37.71% and a return on equity of 19.26%. The firm had revenue of $30.50 billion for the quarter, compared to analyst estimates of $29.71 billion. During the same period in the prior year, the firm posted $1.38 earnings per share. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. Analysts predict that JPMorgan Chase & Co. will post 14.05 EPS for the current fiscal year.

JPM has been the subject of a number of analyst reports. Zacks Investment Research cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $173.00 price objective for the company. in a report on Wednesday, June 9th. Keefe, Bruyette & Woods initiated coverage on shares of JPMorgan Chase & Co. in a report on Wednesday, July 7th. They set a “market perform” rating and a $167.00 price objective for the company. Wells Fargo & Company lifted their price target on shares of JPMorgan Chase & Co. from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, June 8th. The Goldman Sachs Group set a $182.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, June 25th. Finally, Barclays set a $187.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $167.06.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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