Moody National Bank Trust Division Lowers Position in JPMorgan Chase & Co. (NYSE:JPM)

Moody National Bank Trust Division lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 62,077 shares of the financial services provider’s stock after selling 2,255 shares during the quarter. JPMorgan Chase & Co. makes up about 0.7% of Moody National Bank Trust Division’s investment portfolio, making the stock its 15th largest position. Moody National Bank Trust Division’s holdings in JPMorgan Chase & Co. were worth $6,991,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. increased its position in JPMorgan Chase & Co. by 2.6% in the first quarter. Vanguard Group Inc. now owns 266,854,574 shares of the financial services provider’s stock worth $36,377,615,000 after purchasing an additional 6,792,220 shares during the last quarter. State Street Corp increased its position in JPMorgan Chase & Co. by 1.6% during the fourth quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $22,441,376,000 after acquiring an additional 2,277,065 shares during the last quarter. Capital Research Global Investors increased its position in JPMorgan Chase & Co. by 4.5% during the first quarter. Capital Research Global Investors now owns 36,611,171 shares of the financial services provider’s stock valued at $4,990,845,000 after acquiring an additional 1,590,742 shares during the last quarter. Norges Bank bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at $4,092,843,000. Finally, Dimensional Fund Advisors LP increased its position in JPMorgan Chase & Co. by 4.7% during the first quarter. Dimensional Fund Advisors LP now owns 19,360,635 shares of the financial services provider’s stock valued at $2,639,810,000 after acquiring an additional 877,422 shares during the last quarter. Institutional investors own 68.57% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on JPM shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $148.00 price objective (up previously from $142.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 24th. Oppenheimer cut their price objective on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating on the stock in a research report on Friday, July 15th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” rating on the stock in a research report on Monday, September 12th. Morgan Stanley cut their price objective on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 12th. Finally, Barclays set a $200.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $145.95.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $117.08 on Friday. The firm has a market cap of $343.35 billion, a price-to-earnings ratio of 9.40, a PEG ratio of 2.08 and a beta of 1.10. The firm has a 50-day simple moving average of $115.85 and a two-hundred day simple moving average of $122.74. JPMorgan Chase & Co. has a one year low of $106.06 and a one year high of $172.96. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.83 and a current ratio of 0.83.

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

JPMorgan Chase & Co. Profile

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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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