Moody National Bank Trust Division Sells 2,255 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Moody National Bank Trust Division lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,077 shares of the financial services provider’s stock after selling 2,255 shares during the period. JPMorgan Chase & Co. comprises 0.7% of Moody National Bank Trust Division’s holdings, making the stock its 15th largest position. Moody National Bank Trust Division’s holdings in JPMorgan Chase & Co. were worth $6,991,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Buttonwood Financial Advisors Inc. increased its holdings in shares of JPMorgan Chase & Co. by 69.2% during the second quarter. Buttonwood Financial Advisors Inc. now owns 5,821 shares of the financial services provider’s stock worth $655,000 after purchasing an additional 2,381 shares during the period. Peoples Financial Services CORP. lifted its holdings in shares of JPMorgan Chase & Co. by 2.4% during the second quarter. Peoples Financial Services CORP. now owns 19,620 shares of the financial services provider’s stock worth $2,209,000 after purchasing an additional 465 shares during the period. Fulton Bank N.A. lifted its holdings in JPMorgan Chase & Co. by 3.1% in the second quarter. Fulton Bank N.A. now owns 43,225 shares of the financial services provider’s stock valued at $4,868,000 after buying an additional 1,280 shares during the period. Centre Asset Management LLC increased its stake in JPMorgan Chase & Co. by 43.7% in the second quarter. Centre Asset Management LLC now owns 31,334 shares of the financial services provider’s stock valued at $3,529,000 after purchasing an additional 9,529 shares in the last quarter. Finally, E&G Advisors LP increased its stake in JPMorgan Chase & Co. by 1.0% in the second quarter. E&G Advisors LP now owns 34,652 shares of the financial services provider’s stock valued at $3,902,000 after purchasing an additional 350 shares in the last quarter. 68.57% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

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

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its earnings results on Thursday, July 14th. The financial services provider reported $2.76 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 company had revenue of $30.72 billion for the quarter, compared to analyst estimates of $31.82 billion. During the same quarter last year, the firm earned $3.78 EPS. The firm’s quarterly revenue was up .8% compared to the same quarter last year. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 11.32 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on JPM shares. Oppenheimer reduced their price objective on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a research report on Friday, July 15th. Piper Sandler dropped their target price on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday, July 1st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, September 12th. Credit Suisse Group set a $145.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, August 8th. Finally, Societe Generale upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their target price for the company from $145.00 to $150.00 in a research note on Tuesday, May 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $145.95.

About JPMorgan Chase & Co.

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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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