JPMorgan Chase & Co. $JPM Shares Sold by Wilson & Boucher Capital Management LLC

Wilson & Boucher Capital Management LLC decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,051 shares of the financial services provider’s stock after selling 85 shares during the period. Wilson & Boucher Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $595,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of JPM. MJT & Associates Financial Advisory Group Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $28,000. University of Illinois Foundation purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $30,000. Curat Global LLC purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $33,000. Capital A Wealth Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $64,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $72,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent analyst reports. Royal Bank Of Canada set a $305.00 price objective on JPMorgan Chase & Co. and gave the stock an “outperform” rating in a report on Monday, June 30th. Cowen reaffirmed a “buy” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, July 16th. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, July 16th. Morgan Stanley upped their price objective on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 16th. Finally, Citigroup set a $275.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $291.67.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $306.88 on Friday. The firm has a market capitalization of $843.84 billion, a P/E ratio of 15.75, a PEG ratio of 2.03 and a beta of 1.13. The stock has a fifty day moving average price of $293.94 and a 200 day moving average price of $267.38. JPMorgan Chase & Co. has a 52 week low of $202.16 and a 52 week high of $307.55. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, beating the consensus estimate of $4.48 by $0.48. The firm had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The business’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $6.12 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the sale, the director directly owned 82,207 shares in the company, valued at $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.47% of the stock is owned by corporate insiders.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.