ACT Wealth Management LLC Sells 161 Shares of JPMorgan Chase & Co. (NYSE:JPM)

ACT Wealth Management LLC cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 5.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,625 shares of the financial services provider’s stock after selling 161 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.2% of ACT Wealth Management LLC’s portfolio, making the stock its 23rd largest position. ACT Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $296,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Dravo Bay LLC bought a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $26,000. Advanced Research Investment Solutions LLC grew its holdings in JPMorgan Chase & Co. by 118.2% during the 1st quarter. Advanced Research Investment Solutions LLC now owns 288 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 156 shares during the last quarter. Cordant Inc. bought a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $47,000. SFI Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $54,255,000. Finally, Delos Wealth Advisors LLC grew its holdings in JPMorgan Chase & Co. by 13,433.3% during the 4th quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 403 shares during the last quarter. 68.57% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. BMO Capital Markets boosted their target price on shares of JPMorgan Chase & Co. from $150.00 to $156.00 in a report on Tuesday, May 24th. UBS Group reduced their price objective on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, July 15th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $148.00 price objective (up from $142.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 24th. Oppenheimer reduced 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 note on Friday, July 15th. Finally, Barclays set a $200.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 18th. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus price target of $145.95.

JPMorgan Chase & Co. Stock Performance

JPM opened at $117.08 on Monday. The company’s fifty day moving average price is $115.85 and its two-hundred day moving average price is $122.63. The company has a market cap of $343.35 billion, a price-to-earnings ratio of 9.40, a PEG 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. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its 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 company had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.78 earnings per share. On average, analysts expect that JPMorgan Chase & Co. will post 11.32 EPS for the current fiscal year.

JPMorgan Chase & Co. Company Profile

(Get Rating)

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

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.