JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Great Lakes Advisors LLC

Great Lakes Advisors LLC reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 1,185,291 shares of the financial services provider’s stock after selling 9,265 shares during the period. JPMorgan Chase & Co. makes up about 2.1% of Great Lakes Advisors LLC’s portfolio, making the stock its 2nd largest position. Great Lakes Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $239,737,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Intelligence Driven Advisers LLC raised its holdings in JPMorgan Chase & Co. by 16.8% in the 2nd quarter. Intelligence Driven Advisers LLC now owns 2,508 shares of the financial services provider’s stock valued at $507,000 after acquiring an additional 360 shares during the period. Hanlon Investment Management Inc. increased its holdings in shares of JPMorgan Chase & Co. by 24.7% during the second quarter. Hanlon Investment Management Inc. now owns 2,057 shares of the financial services provider’s stock worth $416,000 after purchasing an additional 407 shares during the period. Wakefield Asset Management LLLP increased its holdings in shares of JPMorgan Chase & Co. by 1.2% during the second quarter. Wakefield Asset Management LLLP now owns 22,996 shares of the financial services provider’s stock worth $4,651,000 after purchasing an additional 283 shares during the period. Gentry Private Wealth LLC bought a new position in shares of JPMorgan Chase & Co. during the second quarter worth approximately $493,000. Finally, Savant Capital LLC increased its stake in JPMorgan Chase & Co. by 1.0% in the second quarter. Savant Capital LLC now owns 123,445 shares of the financial services provider’s stock valued at $24,968,000 after acquiring an additional 1,248 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 0.3 %

JPM opened at $206.60 on Friday. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $225.48. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The company has a market cap of $593.29 billion, a P/E ratio of 11.52, a price-to-earnings-growth ratio of 2.39 and a beta of 1.12. The company has a fifty day moving average price of $211.35 and a two-hundred day moving average price of $200.65.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. During the same period in the previous year, the firm posted $4.37 earnings per share. Analysts predict that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on JPM. Wells Fargo & Company lifted their price objective on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Citigroup raised their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research report on Monday, July 15th. Jefferies Financial Group raised their target price on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research report on Wednesday, July 3rd. Finally, Morgan Stanley cut their price target on shares of JPMorgan Chase & Co. from $226.00 to $220.00 and set an “overweight” rating on the stock in a report on Thursday. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average price target of $211.06.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.