JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.5% in the second quarter, according to its most recent filing with the SEC. The firm owned 421,718 shares of the financial services provider’s stock after selling 24,576 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.6% of State of Alaska Department of Revenue’s holdings, making the stock its 23rd largest position. State of Alaska Department of Revenue’s holdings in JPMorgan Chase & Co. were worth $47,489,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Dravo Bay LLC acquired a new position in JPMorgan Chase & Co. during the 1st quarter worth $26,000. Advanced Research Investment Solutions LLC boosted its position in 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 acquiring an additional 156 shares during the period. Swaine & Leidel Wealth Services LLC acquired a new position in JPMorgan Chase & Co. during the 1st quarter worth $44,000. Landmark Wealth Management LLC acquired a new position in JPMorgan Chase & Co. during the 1st quarter worth $46,000. Finally, Cordant Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth $47,000. Institutional investors and hedge funds own 68.57% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $117.08 on Monday. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $343.35 billion, a price-to-earnings ratio of 9.40, a P/E/G ratio of 2.07 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 $122.63.

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 analysts’ consensus estimates 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 the consensus estimate of $31.82 billion. During the same quarter in the previous year, the company posted $3.78 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up .8% compared to the same quarter last year. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 11.32 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of research reports. Oppenheimer dropped their price objective on JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating on the stock in a research note on Friday, July 15th. BMO Capital Markets boosted their price objective on JPMorgan Chase & Co. from $150.00 to $156.00 in a research note on Tuesday, May 24th. Credit Suisse Group set a $145.00 price objective on JPMorgan Chase & Co. in a research note on Monday, August 8th. UBS Group dropped their price objective on JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, July 15th. Finally, Berenberg Bank raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price objective on the stock in a research note on Monday, July 18th. 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 stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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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