JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Inverness Counsel LLC NY

Inverness Counsel LLC NY lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,356 shares of the financial services provider’s stock after selling 238 shares during the quarter. Inverness Counsel LLC NY’s holdings in JPMorgan Chase & Co. were worth $3,166,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its position in shares of JPMorgan Chase & Co. by 4.8% during 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 buying an additional 937 shares in the last quarter. RMB Capital Management LLC boosted its holdings 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. boosted its holdings 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. boosted its holdings 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 boosted its holdings 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. 69.67% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE JPM traded down $0.25 during mid-day trading on Wednesday, reaching $156.82. 271,471 shares of the company’s stock were exchanged, compared to its average volume of 13,698,431. The firm has a market capitalization of $468.60 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 2.24 and a beta of 1.20. 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 has a fifty day simple moving average of $156.08 and a 200 day simple moving average of $156.05. JPMorgan Chase & Co. has a twelve month low of $91.38 and a twelve month high of $167.44.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Monday, July 12th. The financial services provider reported $3.78 earnings per share for the quarter, beating the Zacks’ consensus estimate of $3.09 by $0.69. The firm had revenue of $30.50 billion during the quarter, compared to the consensus estimate of $29.71 billion. JPMorgan Chase & Co. had a return on equity of 19.26% and a net margin of 37.71%. The business’s revenue was down 7.9% compared to the same quarter last year. During the same period last year, the company earned $1.38 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post 14.05 earnings per share for the current fiscal year.

A number of brokerages recently weighed in on JPM. BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $136.00 to $141.00 and gave the company a “market perform” rating in a research note on Wednesday, July 14th. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $195.00 to $200.00 and gave the company an “overweight” rating in a research note on Tuesday, June 8th. The Goldman Sachs Group set a $182.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, June 25th. Morgan Stanley boosted their price target on JPMorgan Chase & Co. from $150.00 to $166.00 and gave the company an “underweight” rating in a research note on Thursday, July 29th. Finally, Barclays set a $187.00 price target on JPMorgan Chase & Co. in a research note on Wednesday, July 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Buy” and an average target price of $167.06.

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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