JPMorgan Chase & Co. $JPM Holdings Decreased by Capital Investment Counsel LLC

Capital Investment Counsel LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.2% during the first quarter, Holdings Channel.com reports. The firm owned 37,150 shares of the financial services provider’s stock after selling 853 shares during the period. JPMorgan Chase & Co. accounts for about 1.5% of Capital Investment Counsel LLC’s portfolio, making the stock its 18th biggest position. Capital Investment Counsel LLC’s holdings in JPMorgan Chase & Co. were worth $9,113,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of JPM. MJT & Associates Financial Advisory Group Inc. bought a new stake in JPMorgan Chase & Co. in the first quarter worth about $28,000. University of Illinois Foundation bought a new stake in JPMorgan Chase & Co. in the first quarter worth about $30,000. Curat Global LLC bought a new stake in JPMorgan Chase & Co. in the first quarter worth about $33,000. Measured Risk Portfolios Inc. bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $44,000. Finally, Minot DeBlois Advisors LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $54,000. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $301.46 on Monday. The stock’s 50-day moving average price is $291.59 and its two-hundred day moving average price is $265.18. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. The company has a market cap of $828.94 billion, a PE ratio of 15.47, a PEG ratio of 2.00 and a beta of 1.13. JPMorgan Chase & Co. has a 1 year low of $200.61 and a 1 year high of $302.95.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The company had revenue of $44.91 billion for the quarter, compared to analysts’ expectations of $43.76 billion. During the same quarter in the previous year, the business posted $6.12 EPS. The business’s revenue for the quarter was down 10.5% on a year-over-year basis. On average, analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the transaction, the chief operating officer owned 62,455 shares of the company’s stock, valued at $16,392,563.85. The trade was a 8.94% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.47% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Piper Sandler reiterated an “overweight” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 15th. TD Securities reiterated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, June 4th. Phillip Securities cut shares of JPMorgan Chase & Co. from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, July 16th. Bank of America boosted their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, July 16th. Finally, Wall Street Zen upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, May 14th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $288.68.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.