Grace Capital Has $576,000 Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Grace Capital raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 11.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,702 shares of the financial services provider’s stock after buying an additional 372 shares during the period. Grace Capital’s holdings in JPMorgan Chase & Co. were worth $576,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in JPM. NorthCoast Asset Management LLC raised its stake in shares of JPMorgan Chase & Co. by 26.4% in the second quarter. NorthCoast Asset Management LLC now owns 54,495 shares of the financial services provider’s stock worth $8,482,000 after acquiring an additional 11,398 shares during the last quarter. Mawer Investment Management Ltd. raised its stake in shares of JPMorgan Chase & Co. by 2.4% in the second quarter. Mawer Investment Management Ltd. now owns 2,268,161 shares of the financial services provider’s stock worth $352,790,000 after acquiring an additional 53,087 shares during the last quarter. Brandes Investment Partners LP raised its stake in shares of JPMorgan Chase & Co. by 16.5% in the second quarter. Brandes Investment Partners LP now owns 360,752 shares of the financial services provider’s stock worth $56,111,000 after acquiring an additional 51,125 shares during the last quarter. Vantage Financial Partners Ltd. Inc. raised its stake in shares of JPMorgan Chase & Co. by 4.1% in the second quarter. Vantage Financial Partners Ltd. Inc. now owns 5,074 shares of the financial services provider’s stock worth $789,000 after acquiring an additional 200 shares during the last quarter. Finally, Pallas Capital Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 15.9% in the second quarter. Pallas Capital Advisors LLC now owns 47,671 shares of the financial services provider’s stock worth $7,210,000 after acquiring an additional 6,556 shares during the last quarter. Hedge funds and other institutional investors own 69.67% of the company’s stock.

A number of research firms recently weighed in on JPM. Wells Fargo & Company boosted their price target on shares of JPMorgan Chase & Co. from $195.00 to $200.00 and gave the stock an “overweight” rating in a research note on Tuesday, June 8th. Barclays set a $187.00 price target on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 14th. BMO Capital Markets boosted their price target on shares of JPMorgan Chase & Co. from $136.00 to $141.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 14th. The Goldman Sachs Group set a $182.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, June 25th. Finally, Credit Suisse Group set a $177.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, August 23rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Buy” and an average target price of $167.06.

NYSE JPM opened at $153.78 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.18. The firm’s fifty day moving average price is $156.35 and its two-hundred day moving average price is $156.19. JPMorgan Chase & Co. has a 1 year low of $91.38 and a 1 year high of $167.44. The firm has a market capitalization of $459.52 billion, a P/E ratio of 10.52, a price-to-earnings-growth 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. The firm had revenue of $30.50 billion for the quarter, compared to analyst estimates of $29.71 billion. JPMorgan Chase & Co. had a net margin of 37.71% and a return on equity of 19.26%. The company’s quarterly revenue was down 7.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.38 earnings per share. On average, research analysts anticipate that JPMorgan Chase & Co. will post 14.05 EPS for the current fiscal year.

JPMorgan Chase & Co. Company Profile

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.

Featured Story: Why is the ex-dividend date different from the record date?

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.