Cidel Asset Management Inc. Sells 332 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Cidel Asset Management Inc. lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 10,656 shares of the financial services provider’s stock after selling 332 shares during the period. Cidel Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $1,657,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Bellwether Advisors LLC lifted its stake in JPMorgan Chase & Co. by 288.3% during the first quarter. Bellwether Advisors LLC now owns 365 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 271 shares during the last quarter. Goodwin Investment Advisory bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth $70,000. Stuart Chaussee & Associates Inc. boosted its stake in JPMorgan Chase & Co. by 18.0% in the first quarter. Stuart Chaussee & Associates Inc. now owns 550 shares of the financial services provider’s stock valued at $84,000 after buying an additional 84 shares in the last quarter. Financial Avengers Inc. grew its position in JPMorgan Chase & Co. by 21.6% in the first quarter. Financial Avengers Inc. now owns 552 shares of the financial services provider’s stock valued at $84,000 after acquiring an additional 98 shares during the last quarter. Finally, Lake Point Wealth Management bought a new position in JPMorgan Chase & Co. in the second quarter valued at about $109,000. 69.67% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. stock traded up $1.13 during trading hours on Wednesday, reaching $158.20. 567,630 shares of the company’s stock were exchanged, compared to its average volume of 13,698,431. The firm’s 50 day simple moving average is $156.08 and its 200 day simple moving average is $156.05. JPMorgan Chase & Co. has a twelve month low of $91.38 and a twelve month high of $167.44. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $472.73 billion, a PE ratio of 10.56, a PEG ratio of 2.24 and a beta of 1.20.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Monday, July 12th. The financial services provider reported $3.78 EPS for the quarter, topping the consensus estimate of $3.09 by $0.69. The business had revenue of $30.50 billion during the quarter, compared to analysts’ expectations of $29.71 billion. JPMorgan Chase & Co. had a return on equity of 19.26% and a net margin of 37.71%. The firm’s revenue was down 7.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.38 earnings per share. Analysts anticipate that JPMorgan Chase & Co. will post 14.05 EPS for the current year.

A number of research firms have recently weighed in on JPM. The Goldman Sachs Group set a $182.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, June 25th. Keefe, Bruyette & Woods started coverage on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 7th. They set a “market perform” rating and a $167.00 target price on the stock. Credit Suisse Group set a $177.00 price target on JPMorgan Chase & Co. in a research note on Monday, August 23rd. BMO Capital Markets boosted their price objective on JPMorgan Chase & Co. from $136.00 to $141.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 14th. Finally, Zacks Investment Research cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $173.00 target price for the company. in a report on Wednesday, June 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $167.06.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. It provides 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.

Further Reading: Initial Coin Offering (ICO)

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.