Laurel Wealth Advisors Inc. Has $2.83 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

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Laurel Wealth Advisors Inc. reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,340 shares of the financial services provider’s stock after selling 219 shares during the period. Laurel Wealth Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $2,833,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of JPM. Personal Wealth Partners acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter worth approximately $28,000. MRA Associates USA LLC acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter worth approximately $30,000. Global Trust Asset Management LLC lifted its position in shares of JPMorgan Chase & Co. by 2,027.2% in the 2nd quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 5,068 shares during the period. Titan Capital Management LLC CA acquired a new position in shares of JPMorgan Chase & Co. in the 2nd quarter worth approximately $35,000. Finally, Smart Portfolios LLC lifted its position in shares of JPMorgan Chase & Co. by 29.6% in the 4th quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 114 shares during the period. Institutional investors own 72.23% of the company’s stock.

JPM has been the topic of a number of recent analyst reports. Royal Bank of Canada restated a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 16th. DZ Bank restated a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, August 21st. Goldman Sachs Group restated a “neutral” rating and issued a $117.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, September 4th. Finally, Morgan Stanley set a $122.00 price target on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Friday, August 9th. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $121.94.

Shares of NYSE:JPM traded up $1.08 during mid-day trading on Friday, hitting $118.99. The company had a trading volume of 302,813 shares, compared to its average volume of 10,656,794. The firm has a fifty day moving average price of $110.70 and a 200 day moving average price of $109.63. The company has a market capitalization of $373.69 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 1.69 and a beta of 1.19. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 0.97. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.32. The company had revenue of $28.83 billion during the quarter, compared to analyst estimates of $28.52 billion. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. JPMorgan Chase & Co.’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.29 EPS. Research analysts expect that JPMorgan Chase & Co. will post 9.91 earnings per share for the current fiscal year.

In other JPMorgan Chase & Co. news, EVP Peter Scher sold 10,816 shares of the business’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,243,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mellody L. Hobson purchased 18,200 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were acquired at an average price of $109.91 per share, with a total value of $2,000,362.00. Following the purchase, the director now directly owns 7,804 shares in the company, valued at approximately $857,737.64. The disclosure for this purchase can be found here. Insiders own 0.76% of the company’s stock.

JPMorgan Chase & Co. Company Profile

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 deposit and investment products 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, payment processing, auto loan, and leasing services.

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

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