Fullerton Fund Management Co Ltd. Sells 250,895 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Fullerton Fund Management Co Ltd. trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 68.7% during the first quarter, Holdings Channel reports. The institutional investor owned 114,494 shares of the financial services provider’s stock after selling 250,895 shares during the quarter. Fullerton Fund Management Co Ltd.’s holdings in JPMorgan Chase & Co. were worth $15,608,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Sandy Cove Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 8.5% during the first quarter. Sandy Cove Advisors LLC now owns 4,137 shares of the financial services provider’s stock valued at $564,000 after purchasing an additional 324 shares in the last quarter. Clarity Wealth Advisors LLC increased its holdings in JPMorgan Chase & Co. by 10.2% during the first quarter. Clarity Wealth Advisors LLC now owns 20,997 shares of the financial services provider’s stock worth $2,862,000 after buying an additional 1,944 shares during the last quarter. Financial Strategies Group Inc. increased its holdings in JPMorgan Chase & Co. by 20.0% during the first quarter. Financial Strategies Group Inc. now owns 5,500 shares of the financial services provider’s stock worth $750,000 after buying an additional 916 shares during the last quarter. Alpha Omega Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 1.5% during the first quarter. Alpha Omega Wealth Management LLC now owns 37,664 shares of the financial services provider’s stock worth $5,134,000 after buying an additional 557 shares during the last quarter. Finally, Cordant Inc. purchased a new stake in JPMorgan Chase & Co. during the first quarter worth about $47,000. 68.57% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Berenberg Bank upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price objective for the company in a report on Monday, July 18th. Royal Bank of Canada set a $130.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday. Credit Suisse Group set a $145.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, August 8th. Barclays set a $200.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 18th. Finally, BMO Capital Markets lifted their target price on shares of JPMorgan Chase & Co. from $150.00 to $156.00 in a research note on Tuesday, May 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $145.95.

JPMorgan Chase & Co. Trading Up 0.5 %

Shares of JPMorgan Chase & Co. stock opened at $119.17 on Friday. JPMorgan Chase & Co. has a 1 year low of $106.06 and a 1 year high of $172.96. The firm has a market cap of $349.47 billion, a PE ratio of 9.56, a PEG ratio of 2.05 and a beta of 1.10. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.83. The company has a 50 day simple moving average of $115.44 and a two-hundred day simple moving average of $123.65.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.76. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The business had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. During the same period in the previous year, the business posted $3.78 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up .8% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 11.31 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Profile

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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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

Further Reading

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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