JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Cowa LLC

Cowa LLC decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 16.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,376 shares of the financial services provider’s stock after selling 661 shares during the quarter. Cowa LLC’s holdings in JPMorgan Chase & Co. were worth $460,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of JPM. Dravo Bay LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $26,000. Advanced Research Investment Solutions LLC lifted its stake in shares of JPMorgan Chase & Co. by 118.2% during the 1st quarter. Advanced Research Investment Solutions LLC now owns 288 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 156 shares during the period. Swaine & Leidel Wealth Services LLC purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth $44,000. Landmark Wealth Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth $46,000. Finally, Cordant Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth $47,000. Hedge funds and other institutional investors own 68.57% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $116.39 on Wednesday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.14. The firm’s 50-day moving average price is $115.65 and its two-hundred day moving average price is $123.09. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96. The stock has a market capitalization of $341.32 billion, a P/E ratio of 9.34, a P/E/G ratio of 2.11 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.76. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The firm had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $31.82 billion. During the same quarter last year, the company posted $3.78 earnings per share. JPMorgan Chase & Co.’s revenue was up .8% on a year-over-year basis. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 11.31 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently issued reports on JPM. Citigroup upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and lowered their price target for the company from $145.00 to $135.00 in a report on Tuesday, July 12th. Societe Generale raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price objective for the company from $145.00 to $150.00 in a research report on Tuesday, May 24th. Credit Suisse Group set a $145.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, August 8th. Piper Sandler decreased their price objective on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating for the company in a research report on Friday, July 1st. Finally, Wells Fargo & Company decreased their price objective on shares of JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating for the company in a research report on Thursday, July 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $145.95.

JPMorgan Chase & Co. Company 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.

See Also

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

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