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

Eagle Asset Management Inc. trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,116,440 shares of the financial services provider’s stock after selling 34,041 shares during the period. JPMorgan Chase & Co. makes up approximately 0.7% of Eagle Asset Management Inc.’s holdings, making the stock its 23rd biggest holding. Eagle Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $173,651,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Ironwood Wealth Management LLC. lifted its stake in shares of JPMorgan Chase & Co. by 12.1% during the first quarter. Ironwood Wealth Management LLC. now owns 14,173 shares of the financial services provider’s stock worth $2,158,000 after buying an additional 1,525 shares during the period. Simon Quick Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 7.9% during the first quarter. Simon Quick Advisors LLC now owns 5,804 shares of the financial services provider’s stock worth $883,000 after buying an additional 423 shares during the period. DE Burlo Group Inc. lifted its stake in shares of JPMorgan Chase & Co. by 662.8% during the first quarter. DE Burlo Group Inc. now owns 131,200 shares of the financial services provider’s stock worth $19,973,000 after buying an additional 114,000 shares during the period. Bigelow Investment Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 13.2% during the first quarter. Bigelow Investment Advisors LLC now owns 6,284 shares of the financial services provider’s stock worth $957,000 after buying an additional 733 shares during the period. Finally, Harvest Investment Services LLC lifted its stake in shares of JPMorgan Chase & Co. by 10.6% during the first quarter. Harvest Investment Services LLC now owns 3,872 shares of the financial services provider’s stock worth $589,000 after buying an additional 372 shares during the period. Institutional investors own 69.67% of the company’s stock.

Several research firms have recently commented on JPM. Credit Suisse Group set a $177.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, August 23rd. The Goldman Sachs Group set a $182.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Friday, June 25th. Barclays set a $187.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 14th. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $195.00 to $200.00 and gave the company an “overweight” rating in a research report on Tuesday, June 8th. Finally, Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $173.00 target price for the company. in a research report on Wednesday, June 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $167.06.

JPM traded down $4.77 on Monday, reaching $152.91. The stock had a trading volume of 370,318 shares, compared to its average volume of 13,662,076. JPMorgan Chase & Co. has a 12-month low of $91.38 and a 12-month high of $167.44. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.18. The business’s 50-day moving average price is $156.35 and its two-hundred day moving average price is $156.19. The company has a market cap of $456.92 billion, a P/E ratio of 10.52, a price-to-earnings-growth ratio of 2.24 and a beta of 1.20.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Monday, July 12th. The financial services provider reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.09 by $0.69. The business 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%. The company’s quarterly revenue was down 7.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.38 earnings per share. As a group, analysts predict that JPMorgan Chase & Co. will post 14.05 earnings per share for the current year.

JPMorgan Chase & Co. 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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