Level Four Advisory Services LLC Has $6.24 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Level Four Advisory Services LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 66,365 shares of the financial services provider’s stock after acquiring an additional 5,341 shares during the period. Level Four Advisory Services LLC’s holdings in JPMorgan Chase & Co. were worth $6,236,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in JPM. TD Capital Management LLC grew its holdings in JPMorgan Chase & Co. by 9.8% during the second quarter. TD Capital Management LLC now owns 1,135 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 101 shares during the period. Atlas Private Wealth Management raised its stake in JPMorgan Chase & Co. by 0.7% during the 2nd quarter. Atlas Private Wealth Management now owns 16,114 shares of the financial services provider’s stock worth $1,516,000 after acquiring an additional 106 shares during the period. Bay Harbor Wealth Management LLC lifted its holdings in JPMorgan Chase & Co. by 18.3% during the second quarter. Bay Harbor Wealth Management LLC now owns 692 shares of the financial services provider’s stock valued at $65,000 after purchasing an additional 107 shares in the last quarter. Capital Analysts LLC boosted its position in shares of JPMorgan Chase & Co. by 0.3% in the second quarter. Capital Analysts LLC now owns 31,390 shares of the financial services provider’s stock worth $2,953,000 after purchasing an additional 107 shares during the period. Finally, Spotlight Asset Group Inc. increased its stake in shares of JPMorgan Chase & Co. by 2.5% in the second quarter. Spotlight Asset Group Inc. now owns 4,453 shares of the financial services provider’s stock worth $419,000 after purchasing an additional 108 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.

Shares of JPMorgan Chase & Co. stock traded up $1.24 during trading hours on Friday, reaching $101.07. The stock had a trading volume of 13,774,706 shares, compared to its average volume of 20,923,908. The firm has a market capitalization of $307.41 billion, a PE ratio of 13.64, a PEG ratio of 3.38 and a beta of 1.16. The stock’s 50 day moving average is $99.80 and its 200 day moving average is $98.09. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.35. JPMorgan Chase & Co. has a twelve month low of $76.91 and a twelve month high of $141.10.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.04. The firm had revenue of $32.98 billion for the quarter, compared to analysts’ expectations of $30.23 billion. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same quarter last year, the company earned $2.82 EPS. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 5.96 earnings per share for the current year.

A number of research firms have commented on JPM. Oppenheimer reissued a “hold” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. Morgan Stanley reaffirmed a “buy” rating and issued a $106.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 27th. DA Davidson raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and increased their price target for the company from $102.00 to $117.00 in a research note on Thursday, July 9th. Deutsche Bank raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $105.00 to $115.00 in a research note on Thursday, September 3rd. Finally, TheStreet upgraded JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a research report on Tuesday, August 4th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $111.37.

In related news, CEO Mary E. Erdoes sold 24,554 shares of the company’s stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total transaction of $2,443,614.08. 0.78% of the stock is owned by insiders.

JPMorgan Chase & Co. Profile

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 and investment products 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, payment processing, auto loan, and leasing services.

Recommended Story: What is a closed-end mutual fund (CEF)?

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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.