Affinity Capital Advisors LLC Has $488,000 Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Affinity Capital Advisors LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,331 shares of the financial services provider’s stock after selling 89 shares during the period. Affinity Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $488,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Dravo Bay LLC acquired a new position in JPMorgan Chase & Co. in the first quarter valued at $26,000. Advanced Research Investment Solutions LLC lifted its holdings in JPMorgan Chase & Co. by 118.2% in the first quarter. Advanced Research Investment Solutions LLC now owns 288 shares of the financial services provider’s stock valued at $39,000 after buying an additional 156 shares during the period. Swaine & Leidel Wealth Services LLC acquired a new position in JPMorgan Chase & Co. in the first quarter valued at $44,000. Landmark Wealth Management LLC acquired a new position in JPMorgan Chase & Co. in the first quarter valued at $46,000. Finally, Cordant Inc. acquired a new position in JPMorgan Chase & Co. in the first quarter valued at $47,000. Institutional investors and hedge funds own 68.57% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.7 %

JPMorgan Chase & Co. stock opened at $117.08 on Monday. JPMorgan Chase & Co. has a fifty-two week low of $106.06 and a fifty-two week high of $172.96. The stock has a market cap of $343.35 billion, a PE ratio of 9.40, a price-to-earnings-growth ratio of 2.07 and a beta of 1.10. The firm’s 50-day simple moving average is $115.85 and its 200 day simple moving average is $122.63. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.83 and a current ratio of 0.83.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $31.82 billion. During the same period in the previous year, the company earned $3.78 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. Research analysts predict that JPMorgan Chase & Co. will post 11.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on JPM shares. Berenberg Bank upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 target price on the stock in a report on Monday, July 18th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” rating for the company in a research note on Monday, September 12th. Barclays set a $200.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 18th. Royal Bank of Canada set a $130.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 6th. Finally, Morgan Stanley decreased their price target on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a research note on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.

Further Reading

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

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