Avondale Wealth Management Sells 1,250 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Avondale Wealth Management cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 34.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,375 shares of the financial services provider’s stock after selling 1,250 shares during the period. Avondale Wealth Management’s holdings in JPMorgan Chase & Co. were worth $345,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cantor Fitzgerald Investment Advisor L.P lifted its holdings in shares of JPMorgan Chase & Co. by 81.1% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after purchasing an additional 99,636 shares in the last quarter. BCK Partners Inc. bought a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $2,455,000. LSV Asset Management lifted its holdings in shares of JPMorgan Chase & Co. by 35.6% in the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after purchasing an additional 9,800 shares in the last quarter. Wsfs Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 70.8% in the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after purchasing an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC increased its position in shares of JPMorgan Chase & Co. by 1,451.4% in the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 3,527 shares during the last quarter. 68.94% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Trading Down 0.3 %

Shares of NYSE:JPM opened at $148.85 on Friday. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $159.38. The stock has a market cap of $432.57 billion, a PE ratio of 9.58, a P/E/G ratio of 1.88 and a beta of 1.11. The business has a 50 day moving average of $150.79 and a 200-day moving average of $141.56. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.28.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 14th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.75. The company had revenue of $42.40 billion during the quarter, compared to analysts’ expectations of $38.66 billion. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The business’s revenue was up 34.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.76 earnings per share. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 15.58 earnings per share for the current year.

Analyst Ratings Changes

JPM has been the topic of a number of recent research reports. Atlantic Securities lifted their target price on JPMorgan Chase & Co. from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Tuesday, August 1st. 888 reaffirmed a “maintains” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 26th. HSBC initiated coverage on JPMorgan Chase & Co. in a research report on Thursday, September 7th. They issued a “hold” rating and a $159.00 target price on the stock. Societe Generale downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Monday, July 10th. Finally, Jefferies Financial Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their target price for the company from $149.00 to $165.00 in a research report on Tuesday, July 11th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $167.21.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 4,310 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total value of $624,346.60. Following the completion of the sale, the general counsel now directly owns 53,425 shares in the company, valued at $7,739,145.50. The sale was disclosed in a filing with the SEC, which is available at this link. 0.79% of the stock is currently owned by corporate insiders.

About JPMorgan Chase & Co.

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 deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.