Hyman Charles D Sells 287 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Hyman Charles D trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 185,884 shares of the financial services provider’s stock after selling 287 shares during the period. JPMorgan Chase & Co. accounts for about 2.1% of Hyman Charles D’s investment portfolio, making the stock its 13th biggest holding. Hyman Charles D’s holdings in JPMorgan Chase & Co. were worth $37,597,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Retirement Group LLC grew its stake in shares of JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 109 shares during the last quarter. Richardson Capital Management LLC acquired a new stake in JPMorgan Chase & Co. in the 1st quarter worth approximately $34,000. Bare Financial Services Inc purchased a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $35,000. Partnership Wealth Management LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter valued at approximately $36,000. Finally, Davidson Capital Management Inc. acquired a new position in JPMorgan Chase & Co. during the 1st quarter valued at approximately $37,000. 71.55% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JPM has been the subject of a number of research analyst reports. BMO Capital Markets raised their target price on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research note on Thursday, July 11th. Oppenheimer lifted their target price on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a report on Monday, July 15th. Keefe, Bruyette & Woods increased their price target on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a report on Tuesday, July 9th. Royal Bank of Canada restated an “outperform” rating and set a $211.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Finally, Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Eight equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $205.71.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 5,086 shares of JPMorgan Chase & Co. stock in a transaction on Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the sale, the insider now owns 212,265 shares of the company’s stock, valued at approximately $42,355,358.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Performance

JPM opened at $220.18 on Wednesday. The firm’s fifty day simple moving average is $207.29 and its two-hundred day simple moving average is $197.47. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $220.42. The company has a market cap of $632.28 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 2.42 and a beta of 1.12. The company has a quick ratio of 0.92, a current ratio of 0.91 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The business had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same quarter in the prior year, the firm earned $4.37 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.