QP Wealth Management LLC Trims Stake in JPMorgan Chase & Co. (NYSE:JPM)

QP Wealth Management LLC lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 19.0% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 6,287 shares of the financial services provider’s stock after selling 1,470 shares during the quarter. QP Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $708,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Dravo Bay LLC purchased a new stake in JPMorgan Chase & Co. in the 1st quarter worth $26,000. Advanced Research Investment Solutions LLC lifted its holdings in shares of JPMorgan Chase & Co. by 118.2% in the 1st 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 last quarter. Cordant Inc. bought a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $47,000. SFI Advisors LLC bought a new stake in JPMorgan Chase & Co. in the first quarter worth about $54,255,000. Finally, Delos Wealth Advisors LLC lifted its stake in JPMorgan Chase & Co. by 13,433.3% in the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 403 shares during the last quarter. 68.57% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Down 0.7 %

Shares of NYSE JPM opened at $117.08 on Monday. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96. The stock has a market cap of $343.35 billion, a PE ratio of 9.40, a P/E/G ratio of 2.07 and a beta of 1.10. 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 50-day moving average of $115.85 and a 200 day moving average of $122.63.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.76. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The company had revenue of $30.72 billion during the quarter, compared to analysts’ expectations of $31.82 billion. During the same quarter in the prior year, the company earned $3.78 EPS. JPMorgan Chase & Co.’s revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 11.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Barclays set a $200.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 18th. Morgan Stanley lowered their price objective on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a research note on Tuesday, July 12th. Berenberg Bank upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 target price for the company in a research report on Monday, July 18th. Wells Fargo & Company decreased their target price on shares of JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating for the company in a research report on Thursday, July 14th. Finally, UBS Group decreased their target price on shares of 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. One research 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 data from MarketBeat, the stock presently has an average rating of “Hold” and an average 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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