Sax Wealth Advisors Bets Big on JPMorgan Chase & Co.

Sax Wealth Advisors LLC has increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 13.4% in the second quarter, according to a recent Form 13F filing with the Securities and Exchange Commission.

The fund owned 25,214 shares of the financial services provider's stock after purchasing an additional 2,979 shares during the quarter.

Other large investors have also made changes to their positions in JPMorgan Chase & Co. Everpar Advisors LLC boosted its stake by 1.6% during the second quarter, while Adamsbrown Wealth Consultants LLC increased its stake by 27.4%

JPMorgan Chase & Co. has a market cap of $957.76 billion and a price-to-earnings ratio of 15.31.

Analysts have given JPMorgan Chase & Co. an average price target of $359.33, with one analyst rating the stock as 'Strong Buy' and sixteen giving it a 'Buy' rating.