Laurel Wealth Advisors Inc. reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 21,872 shares of the financial services provider’s stock after selling 1,885 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.7% of Laurel Wealth Advisors Inc.’s investment portfolio, making the stock its 29th biggest position. Laurel Wealth Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $2,405,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in JPM. Kenmare Capital Partners L.L.C. acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth about $3,291,000. Mark Asset Management Corp acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth about $519,000. Braun Bostich & Associates Inc. acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth about $681,000. PointState Capital LP acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth about $3,486,000. Finally, Syntal Capital Partners LLC grew its holdings in JPMorgan Chase & Co. by 11.3% during the 1st quarter. Syntal Capital Partners LLC now owns 9,963 shares of the financial services provider’s stock worth $1,095,000 after acquiring an additional 1,013 shares during the period. 70.70% of the stock is owned by institutional investors and hedge funds.
A number of analysts have weighed in on the company. DZ Bank upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. UBS Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Keefe, Bruyette & Woods restated a “$111.53” rating and issued a $127.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 18th. Goldman Sachs Group set a $128.00 target price on JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Monday, July 23rd. Finally, Credit Suisse Group set a $130.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Thursday, July 12th. One research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $120.23.
JPM stock opened at $114.59 on Thursday. The stock has a market cap of $393.23 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 1.88 and a beta of 1.16. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01. JPMorgan Chase & Co. has a 52-week low of $88.08 and a 52-week high of $119.33.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, July 13th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.07. The business had revenue of $27.75 billion during the quarter, compared to the consensus estimate of $27.62 billion. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%. analysts forecast that JPMorgan Chase & Co. will post 9.15 EPS for the current year.
In other JPMorgan Chase & Co. news, CEO Gordon Smith sold 30,725 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, July 23rd. The stock was sold at an average price of $114.01, for a total transaction of $3,502,957.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is currently owned by insiders.
About JPMorgan Chase & Co.
JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.
Receive News & Ratings for JPMorgan Chase & Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com’s FREE daily email newsletter.