West Family Investments Doubles Down on JPMorgan Stake
West Family Investments Inc., an institutional investor, significantly increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 92% during the second quarter.
The company now owns approximately 8,256 shares of JPMorgan's stock, valued at $2,702,000, as reported in its latest Form 13F filing with the Securities and Exchange Commission.
JPMorgan Chase & Co. makes up about 0.8% of West Family Investments Inc.'s holdings, ranking it as the financial services provider's 19th largest holding.
Among other institutional investors, Bank of America Corp DE increased its stake in JPMorgan Chase & Co. by 6.1% during the second quarter, while UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in JPMorgan Chase & Co. by 0.7%.
Analysts have set new price targets for JPMorgan Chase & Co., with Bank of America raising its target from $408 to $420, and Citigroup increasing its target from $325 to $360.