Deroy & Devereaux Private Investment Counsel Inc. Sells 248 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Deroy & Devereaux Private Investment Counsel Inc. lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 169,295 shares of the financial services provider’s stock after selling 248 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.1% of Deroy & Devereaux Private Investment Counsel Inc.’s investment portfolio, making the stock its 8th biggest holding. Deroy & Devereaux Private Investment Counsel Inc.’s holdings in JPMorgan Chase & Co. were worth $34,242,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. GUNN & Co INVESTMENT MANAGEMENT INC. raised its position in shares of JPMorgan Chase & Co. by 1,202.2% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 386,259 shares of the financial services provider’s stock worth $65,703,000 after purchasing an additional 356,596 shares during the period. Russell Investments Group Ltd. increased its stake in JPMorgan Chase & Co. by 8.2% during the 4th quarter. Russell Investments Group Ltd. now owns 1,777,588 shares of the financial services provider’s stock worth $302,391,000 after purchasing an additional 134,824 shares in the last quarter. Consolidated Planning Corp raised its holdings in JPMorgan Chase & Co. by 4.2% during the 4th quarter. Consolidated Planning Corp now owns 51,046 shares of the financial services provider’s stock worth $8,683,000 after buying an additional 2,051 shares during the period. Unique Wealth Strategies LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $1,070,000. Finally, Lathrop Investment Management Corp lifted its stake in JPMorgan Chase & Co. by 3.6% in the fourth quarter. Lathrop Investment Management Corp now owns 2,519 shares of the financial services provider’s stock valued at $429,000 after buying an additional 88 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Activity

In related news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the sale, the insider now owns 212,265 shares of the company’s stock, valued at approximately $42,355,358.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

JPM has been the topic of a number of research analyst reports. Robert W. Baird raised their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. UBS Group lifted their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a research note on Tuesday, May 21st. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research report on Tuesday, July 9th. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Finally, Wolfe Research cut JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $205.71.

JPMorgan Chase & Co. Stock Up 1.2 %

JPMorgan Chase & Co. stock opened at $224.80 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.92. The company’s 50-day moving average is $209.28 and its 200-day moving average is $198.47. The firm has a market capitalization of $645.55 billion, a PE ratio of 12.54, a P/E/G ratio of 2.42 and a beta of 1.12. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data 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. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The firm had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. During the same quarter in the prior year, the company earned $4.37 earnings per share. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

About JPMorgan Chase & Co.

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.