Symmetry Partners LLC Sells 1,149 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Symmetry Partners LLC lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,524 shares of the financial services provider’s stock after selling 1,149 shares during the period. Symmetry Partners LLC’s holdings in JPMorgan Chase & Co. were worth $3,550,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Dimension Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 2.1% in the fourth quarter. Dimension Capital Management LLC now owns 3,561 shares of the financial services provider’s stock worth $565,000 after purchasing an additional 72 shares during the period. Legacy Capital Partners Inc. grew its position in JPMorgan Chase & Co. by 1.4% in the first quarter. Legacy Capital Partners Inc. now owns 5,591 shares of the financial services provider’s stock valued at $762,000 after acquiring an additional 75 shares during the last quarter. Tennessee Valley Asset Management Partners grew its position in JPMorgan Chase & Co. by 1.2% in the first quarter. Tennessee Valley Asset Management Partners now owns 6,634 shares of the financial services provider’s stock valued at $904,000 after acquiring an additional 78 shares during the last quarter. F M Investments LLC grew its position in JPMorgan Chase & Co. by 1.8% in the first quarter. F M Investments LLC now owns 4,588 shares of the financial services provider’s stock valued at $625,000 after acquiring an additional 80 shares during the last quarter. Finally, First National Bank of Hutchinson grew its position in JPMorgan Chase & Co. by 1.2% in the first quarter. First National Bank of Hutchinson now owns 6,759 shares of the financial services provider’s stock valued at $921,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 68.57% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $118.16 on Tuesday. The stock’s 50 day moving average is $115.85 and its 200 day moving average is $122.52. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.83. The firm has a market cap of $346.51 billion, a P/E ratio of 9.48, a P/E/G ratio of 2.07 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $106.06 and a one year high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings results 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 return on equity of 15.29% and a net margin of 30.41%. The firm had revenue of $30.72 billion for the quarter, compared to analyst estimates of $31.82 billion. During the same period in the previous year, the firm earned $3.78 earnings per share. The company’s revenue was up .8% compared to the same quarter last year. As a group, research analysts expect that JPMorgan Chase & Co. will post 11.32 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on JPM shares. Wells Fargo & Company decreased their target price on JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 14th. Citigroup raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and cut their price target for the company from $145.00 to $135.00 in a research note on Tuesday, July 12th. Credit Suisse Group set a $145.00 price target on JPMorgan Chase & Co. in a research note on Monday, August 8th. Evercore ISI cut their price target on JPMorgan Chase & Co. from $135.00 to $125.00 in a research note on Friday, July 15th. Finally, Oppenheimer cut their price target on JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating on the stock in a research note on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock 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.

Further Reading

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

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