Boltwood Capital Management Sells 160 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Boltwood Capital Management lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 17,387 shares of the financial services provider’s stock after selling 160 shares during the period. Boltwood Capital Management’s holdings in JPMorgan Chase & Co. were worth $1,958,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Dravo Bay LLC acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at about $26,000. Advanced Research Investment Solutions LLC grew its stake 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 acquiring an additional 156 shares during the period. Swaine & Leidel Wealth Services LLC acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at approximately $44,000. Landmark Wealth Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $46,000. Finally, Cordant Inc. purchased a new position in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $47,000. Institutional investors own 68.57% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $117.08 on Friday. The firm’s fifty day simple moving average is $115.85 and its 200-day simple moving average is $122.74. JPMorgan Chase & Co. has a twelve month low of $106.06 and a twelve month 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 firm has a market capitalization of $343.35 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 2.08 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, hitting analysts’ consensus estimates of $2.76. The firm had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The firm’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.78 earnings per share. Equities analysts forecast that JPMorgan Chase & Co. will post 11.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on JPM shares. Evercore ISI dropped their price target on JPMorgan Chase & Co. from $135.00 to $125.00 in a report on Friday, July 15th. Berenberg Bank upgraded 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. UBS Group reduced their target price on JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating for the company in a research report on Friday, July 15th. Barclays set a $200.00 price objective on JPMorgan Chase & Co. in a report on Monday, July 18th. Finally, Citigroup raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and lowered their target price for the company from $145.00 to $135.00 in a research note on Tuesday, July 12th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the stock presently 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.

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

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