Chesley Taft & Associates LLC Has $23.49 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Chesley Taft & Associates LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 208,577 shares of the financial services provider’s stock after selling 693 shares during the quarter. JPMorgan Chase & Co. comprises 1.6% of Chesley Taft & Associates LLC’s investment portfolio, making the stock its 15th largest holding. Chesley Taft & Associates LLC’s holdings in JPMorgan Chase & Co. were worth $23,488,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Dravo Bay LLC bought a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $26,000. Advanced Research Investment Solutions LLC increased its position in shares of JPMorgan Chase & Co. by 118.2% during the first quarter. Advanced Research Investment Solutions LLC now owns 288 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 156 shares during the period. Cordant Inc. bought a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $47,000. SFI Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $54,255,000. Finally, Delos Wealth Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 13,433.3% during the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 403 shares during the period. 68.57% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 0.7 %

Shares of JPM opened at $117.08 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.14. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96. The firm has a market capitalization of $343.35 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 2.08 and a beta of 1.10. The stock’s fifty day simple moving average is $115.85 and its 200-day simple moving average is $122.74.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly 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 return on equity of 15.29% and a net margin of 30.41%. The business had revenue of $30.72 billion for the quarter, compared to analyst estimates of $31.82 billion. During the same quarter in the prior year, the firm posted $3.78 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, research analysts predict that JPMorgan Chase & Co. will post 11.32 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on JPM shares. Credit Suisse Group set a $145.00 price objective on JPMorgan Chase & Co. in a research report on Monday, August 8th. Societe Generale upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price target for the company from $145.00 to $150.00 in a research report on Tuesday, May 24th. Wells Fargo & Company lowered their price target on JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 14th. Oppenheimer lowered their price target on JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating on the stock in a research report on Friday, July 15th. Finally, 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 research report on Tuesday, July 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. 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.

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

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