Wade G W & Inc. Lowers Position in JPMorgan Chase & Co. (NYSE:JPM)

Wade G W & Inc. cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 76,199 shares of the financial services provider’s stock after selling 399 shares during the period. Wade G W & Inc.’s holdings in JPMorgan Chase & Co. were worth $8,519,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Copeland Capital Management LLC increased its stake in JPMorgan Chase & Co. by 9.8% during the 4th quarter. Copeland Capital Management LLC now owns 57,400 shares of the financial services provider’s stock worth $5,603,000 after purchasing an additional 5,108 shares in the last quarter. Ackerman Capital Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $432,000. Excalibur Management Corp boosted its holdings in shares of JPMorgan Chase & Co. by 0.8% in the 4th quarter. Excalibur Management Corp now owns 39,446 shares of the financial services provider’s stock valued at $3,851,000 after buying an additional 315 shares during the last quarter. Gilman Hill Asset Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 11.6% in the 4th quarter. Gilman Hill Asset Management LLC now owns 11,311 shares of the financial services provider’s stock valued at $1,104,000 after buying an additional 1,175 shares during the last quarter. Finally, Quilter Investors LTD acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $6,740,000. Institutional investors own 72.31% of the company’s stock.

Shares of JPM traded up $0.54 during midday trading on Friday, reaching $112.91. 552,200 shares of the stock were exchanged, compared to its average volume of 10,297,745. JPMorgan Chase & Co. has a twelve month low of $91.11 and a twelve month high of $119.24. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.22. The company has a market cap of $351.31 billion, a P/E ratio of 12.54, a PEG ratio of 1.58 and a beta of 1.19. The stock’s 50 day simple moving average is $110.69 and its 200 day simple moving average is $109.35.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The company had revenue of $28.83 billion during the quarter, compared to the consensus estimate of $28.52 billion. During the same quarter last year, the firm earned $2.29 earnings per share. The company’s revenue was up 3.9% on a year-over-year basis. As a group, analysts predict that JPMorgan Chase & Co. will post 9.91 earnings per share for the current year.

In other news, insider Lori A. Beer sold 13,341 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the completion of the sale, the insider now owns 10,130 shares of the company’s stock, valued at $1,157,656.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mellody L. Hobson bought 18,200 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were purchased at an average cost of $109.91 per share, with a total value of $2,000,362.00. Following the acquisition, the director now directly owns 7,804 shares of the company’s stock, valued at approximately $857,737.64. The disclosure for this purchase can be found here. 0.76% of the stock is currently owned by company insiders.

JPM has been the subject of several research reports. ValuEngine raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday. Morgan Stanley set a $122.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday, August 9th. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. Royal Bank of Canada reaffirmed a “buy” rating and set a $120.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, July 16th. Finally, Deutsche Bank reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, June 28th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average target price of $121.94.

JPMorgan Chase & Co. Company 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.

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

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