Affinity Capital Advisors LLC Sells 89 Shares of JPMorgan Chase & Co. (NYSE:JPM)

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Sandy Cove Advisors LLC increased its stake in JPMorgan Chase & Co. by 8.5% during the 1st 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 stake in JPMorgan Chase & Co. by 10.2% during the 1st quarter. Clarity Wealth Advisors LLC now owns 20,997 shares of the financial services provider’s stock valued at $2,862,000 after purchasing an additional 1,944 shares in the last quarter. Financial Strategies Group Inc. increased its stake in JPMorgan Chase & Co. by 20.0% during the 1st quarter. Financial Strategies Group Inc. now owns 5,500 shares of the financial services provider’s stock valued at $750,000 after purchasing an additional 916 shares in the last quarter. Alpha Omega Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 1.5% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 37,664 shares of the financial services provider’s stock valued at $5,134,000 after purchasing an additional 557 shares in the last quarter. Finally, Cordant Inc. bought a new stake in JPMorgan Chase & Co. during the 1st quarter valued at about $47,000. 68.57% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $117.08 on Monday. 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. has a 1-year low of $106.06 and a 1-year high of $172.96. The company has a market capitalization of $343.35 billion, a P/E ratio of 9.40, a P/E/G ratio of 2.07 and a beta of 1.10. The firm’s 50 day simple moving average is $115.85 and its two-hundred day simple moving average is $122.63.

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 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 for the quarter, compared to the consensus estimate of $31.82 billion. During the same quarter in the previous year, the firm earned $3.78 earnings per share. The company’s revenue for the quarter was up .8% on a year-over-year basis. Research analysts expect that JPMorgan Chase & Co. will post 11.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on JPM shares. 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 research note on Monday, July 18th. Societe Generale upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $145.00 to $150.00 in a research note on Tuesday, May 24th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $148.00 price target (up from $142.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 24th. BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $150.00 to $156.00 in a research note on Tuesday, May 24th. Finally, UBS Group reduced their price target on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating for the company in a research note on Friday, July 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the company 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.

Further Reading

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

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