JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by World Asset Management Inc

World Asset Management Inc trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 91,132 shares of the financial services provider’s stock after selling 4,970 shares during the period. JPMorgan Chase & Co. makes up about 1.3% of World Asset Management Inc’s portfolio, making the stock its 8th largest holding. World Asset Management Inc’s holdings in JPMorgan Chase & Co. were worth $14,175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors lifted its position in JPMorgan Chase & Co. by 4.8% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 20,558 shares of the financial services provider’s stock worth $3,198,000 after purchasing an additional 937 shares during the period. RMB Capital Management LLC lifted its position in JPMorgan Chase & Co. by 0.6% in the first quarter. RMB Capital Management LLC now owns 354,668 shares of the financial services provider’s stock worth $53,991,000 after purchasing an additional 2,207 shares during the period. South State CORP. lifted its position in JPMorgan Chase & Co. by 0.9% in the first quarter. South State CORP. now owns 156,592 shares of the financial services provider’s stock worth $23,837,000 after purchasing an additional 1,450 shares during the period. Gibraltar Capital Management Inc. lifted its position in JPMorgan Chase & Co. by 8.1% in the second quarter. Gibraltar Capital Management Inc. now owns 42,528 shares of the financial services provider’s stock worth $6,419,000 after purchasing an additional 3,179 shares during the period. Finally, Robertson Stephens Wealth Management LLC lifted its position in JPMorgan Chase & Co. by 68.2% in the first quarter. Robertson Stephens Wealth Management LLC now owns 24,214 shares of the financial services provider’s stock worth $3,686,000 after purchasing an additional 9,816 shares during the period. Hedge funds and other institutional investors own 69.67% of the company’s stock.

JPM has been the topic of several research reports. Morgan Stanley upped their price target on JPMorgan Chase & Co. from $150.00 to $166.00 and gave the company an “underweight” rating in a report on Thursday, July 29th. Credit Suisse Group set a $177.00 price target on JPMorgan Chase & Co. in a report on Monday, August 23rd. Barclays set a $187.00 price target on JPMorgan Chase & Co. in a report on Wednesday, July 14th. The Goldman Sachs Group set a $182.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Friday, June 25th. Finally, Zacks Investment Research cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $173.00 price target on the stock. in a report on Wednesday, June 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Buy” and a consensus price target of $167.06.

NYSE:JPM traded down $0.14 during trading hours on Wednesday, reaching $156.93. The company’s stock had a trading volume of 289,494 shares, compared to its average volume of 13,698,431. The company has a market cap of $468.93 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 2.24 and a beta of 1.20. JPMorgan Chase & Co. has a one year low of $91.38 and a one year high of $167.44. The business’s 50-day moving average is $156.08 and its 200-day moving average is $156.05. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.85 and a quick ratio of 0.85.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Monday, July 12th. The financial services provider reported $3.78 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $3.09 by $0.69. The firm had revenue of $30.50 billion during the quarter, compared to analysts’ expectations of $29.71 billion. JPMorgan Chase & Co. had a net margin of 37.71% and a return on equity of 19.26%. JPMorgan Chase & Co.’s revenue for the quarter was down 7.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.38 earnings per share. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 14.05 EPS for the current fiscal year.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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