JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Commons Capital LLC

Commons Capital LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.6% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,868 shares of the financial services provider’s stock after selling 475 shares during the period. JPMorgan Chase & Co. comprises approximately 2.1% of Commons Capital LLC’s investment portfolio, making the stock its 12th biggest holding. Commons Capital LLC’s holdings in JPMorgan Chase & Co. were worth $1,286,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Adirondack Retirement Specialists Inc. lifted its position in JPMorgan Chase & Co. by 510.8% during the first quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 189 shares during the period. Nordwand Advisors LLC acquired a new position in JPMorgan Chase & Co. during the first quarter valued at $30,000. Boulder Wealth Advisors LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at $43,000. Sageworth Trust Co lifted its position in JPMorgan Chase & Co. by 266.7% during the first quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock valued at $53,000 after purchasing an additional 296 shares during the period. Finally, Freedom Wealth Alliance LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at $60,000. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the business’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $157.16, for a total value of $677,359.60. Following the transaction, the general counsel now directly owns 57,735 shares in the company, valued at approximately $9,073,632.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, General Counsel Stacey Friedman sold 4,310 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $157.16, for a total value of $677,359.60. Following the transaction, the general counsel now directly owns 57,735 shares in the company, valued at approximately $9,073,632.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas B. Petno sold 4,930 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $142.16, for a total transaction of $700,848.80. Following the completion of the transaction, the chief executive officer now owns 277,161 shares in the company, valued at $39,401,207.76. The disclosure for this sale can be found here. Insiders have sold 13,593 shares of company stock worth $1,992,388 in the last ninety days. 0.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on JPM. Societe Generale downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 price objective for the company in a report on Friday, July 7th. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a report on Thursday, August 17th. They issued a “hold” rating for the company. BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a report on Tuesday, May 2nd. Finally, 888 reaffirmed a “maintains” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 26th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $165.89.

JPMorgan Chase & Co. Price Performance

NYSE JPM traded down $0.62 during trading hours on Wednesday, hitting $148.14. 2,842,607 shares of the company’s stock traded hands, compared to its average volume of 11,499,608. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $159.38. The company has a market capitalization of $430.51 billion, a PE ratio of 9.53, a PEG ratio of 1.90 and a beta of 1.10. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.90 and a quick ratio of 0.90. The firm’s 50-day moving average is $149.88 and its 200-day moving average is $141.17.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, July 14th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.75. The company had revenue of $42.40 billion for the quarter, compared to analyst estimates of $38.66 billion. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. JPMorgan Chase & Co.’s revenue was up 34.1% on a year-over-year basis. During the same period in the previous year, the business posted $2.76 EPS. Equities analysts forecast that JPMorgan Chase & Co. will post 15.57 EPS for the current fiscal year.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.