Keeler Thomas Management LLC Invests in JPMorgan Chase & Co.

Financial services provider JPMorgan Chase & Co. has seen its stock purchased by Keeler Thomas Management LLC in the second quarter, according to a recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 11,667 shares of JPMorgan Chase & Co.'s stock, valued at approximately $3,819,000.

Keeler Thomas Management LLC's holdings now comprise about 1.3% of its total portfolio, making JPMorgan Chase & Co. the firm's 16th biggest position. This is not an isolated instance of institutional investors buying into JPMorgan Chase & Co.'s stock, as several other firms have also increased their stakes in the company.

Legacy Financial Advisors Inc., for example, grew its stake by 3.2% during the second quarter and now owns 34,993 shares worth $11,454,000. Proficio Capital Partners LLC raised its position by 562.4% in the same period and now holds 28,707 shares valued at $9,397,000.

Analysts have been generally positive about JPMorgan Chase & Co.'s prospects, with Goldman Sachs reiterating a 'buy' rating and setting a price target of $418.00 per share. Morgan Stanley also reaffirmed its 'positive' rating on the company's stock, while Bank of America raised its target price to $420.00 from $408.00.