Avitas Wealth Management LLC Acquires 1,971 Shares of JPMorgan Chase & Co. (JPM)

Avitas Wealth Management LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,505 shares of the financial services provider’s stock after acquiring an additional 1,971 shares during the quarter. JPMorgan Chase & Co. makes up about 1.4% of Avitas Wealth Management LLC’s investment portfolio, making the stock its 6th biggest position. Avitas Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $6,038,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Arthur M. Cohen & Associates LLC grew its position in shares of JPMorgan Chase & Co. by 6.7% during the second quarter. Arthur M. Cohen & Associates LLC now owns 7,018 shares of the financial services provider’s stock valued at $732,000 after purchasing an additional 440 shares in the last quarter. Great Lakes Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 1.5% during the third quarter. Great Lakes Advisors LLC now owns 31,588 shares of the financial services provider’s stock valued at $3,564,000 after purchasing an additional 459 shares in the last quarter. Youngs Advisory Group Inc. grew its position in shares of JPMorgan Chase & Co. by 12.2% during the third quarter. Youngs Advisory Group Inc. now owns 4,243 shares of the financial services provider’s stock valued at $479,000 after purchasing an additional 460 shares in the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of JPMorgan Chase & Co. by 8.7% during the third quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 5,830 shares of the financial services provider’s stock valued at $658,000 after purchasing an additional 467 shares in the last quarter. Finally, Palisade Asset Management LLC grew its position in shares of JPMorgan Chase & Co. by 5.0% during the third quarter. Palisade Asset Management LLC now owns 9,941 shares of the financial services provider’s stock valued at $1,122,000 after purchasing an additional 473 shares in the last quarter. 69.08% of the stock is currently owned by institutional investors and hedge funds.

In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 11,659 shares of the business’s stock in a transaction that occurred on Tuesday, January 29th. The stock was sold at an average price of $105.00, for a total transaction of $1,224,195.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Ashley Bacon sold 5,831 shares of the business’s stock in a transaction that occurred on Wednesday, January 16th. The shares were sold at an average price of $102.78, for a total value of $599,310.18. Following the transaction, the insider now owns 98,838 shares of the company’s stock, valued at approximately $10,158,569.64. The disclosure for this sale can be found here. Insiders have sold 39,191 shares of company stock valued at $4,102,110 in the last 90 days. Company insiders own 0.73% of the company’s stock.

JPM has been the subject of several recent research reports. Barclays lifted their price target on JPMorgan Chase & Co. from $135.00 to $140.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 2nd. Wells Fargo & Co reiterated a “buy jpm” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, December 20th. Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Monday, December 10th. BMO Capital Markets dropped their price target on JPMorgan Chase & Co. from $123.00 to $116.00 and set a “market perform” rating for the company in a research report on Thursday, February 28th. Finally, Jefferies Financial Group lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $101.20 price target for the company. in a research report on Tuesday, January 8th. Eleven equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $122.87.

JPM opened at $107.19 on Tuesday. The stock has a market capitalization of $368.36 billion, a P/E ratio of 11.91, a P/E/G ratio of 1.60 and a beta of 1.12. JPMorgan Chase & Co. has a 12 month low of $91.11 and a 12 month high of $119.24. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Tuesday, January 15th. The financial services provider reported $1.98 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.20 by ($0.22). JPMorgan Chase & Co. had a net margin of 24.71% and a return on equity of 14.07%. The business had revenue of $26.10 billion for the quarter, compared to analysts’ expectations of $26.69 billion. During the same quarter last year, the firm earned $1.76 EPS. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. Analysts anticipate that JPMorgan Chase & Co. will post 9.73 earnings per share for the current year.

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About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

Further Reading: SEC Filing

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

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