JPMorgan Chase & Co. $JPM Stock Holdings Decreased by Hoertkorn Richard Charles

Hoertkorn Richard Charles trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 52,412 shares of the financial services provider’s stock after selling 885 shares during the period. JPMorgan Chase & Co. comprises approximately 6.4% of Hoertkorn Richard Charles’ portfolio, making the stock its 5th largest holding. Hoertkorn Richard Charles’ holdings in JPMorgan Chase & Co. were worth $15,195,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Wealth Alliance Advisory Group LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.3% in the second quarter. Wealth Alliance Advisory Group LLC now owns 13,330 shares of the financial services provider’s stock worth $3,865,000 after buying an additional 175 shares during the period. Park Edge Advisors LLC grew its stake in JPMorgan Chase & Co. by 7.3% in the second quarter. Park Edge Advisors LLC now owns 13,111 shares of the financial services provider’s stock worth $3,801,000 after purchasing an additional 892 shares in the last quarter. Accelerate Investment Advisors LLC grew its stake in JPMorgan Chase & Co. by 5.1% in the second quarter. Accelerate Investment Advisors LLC now owns 2,697 shares of the financial services provider’s stock worth $782,000 after purchasing an additional 130 shares in the last quarter. Wesbanco Bank Inc. grew its stake in JPMorgan Chase & Co. by 3.7% in the second quarter. Wesbanco Bank Inc. now owns 313,876 shares of the financial services provider’s stock worth $90,996,000 after purchasing an additional 11,171 shares in the last quarter. Finally, Whitaker Myers Wealth Managers LTD. grew its stake in JPMorgan Chase & Co. by 41.1% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 8,563 shares of the financial services provider’s stock worth $2,483,000 after purchasing an additional 2,496 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 0.4%

JPMorgan Chase & Co. stock opened at $306.88 on Monday. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The stock has a market capitalization of $843.84 billion, a price-to-earnings ratio of 15.75, a PEG ratio of 2.04 and a beta of 1.13. JPMorgan Chase & Co. has a 1-year low of $202.16 and a 1-year high of $307.55. The business has a fifty day moving average price of $293.94 and a 200-day moving average price of $267.44.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.48 by $0.48. The company had revenue of $44.91 billion during the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm’s quarterly revenue was down 10.5% on a year-over-year basis. During the same quarter last year, the business posted $6.12 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the transaction, the director owned 82,207 shares in the company, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on JPM. Hsbc Global Res cut JPMorgan Chase & Co. from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, July 8th. HSBC reissued a “reduce” rating and issued a $259.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $320.00 to $325.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 16th. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Friday, June 27th. Finally, Bank of America increased their price objective on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the stock a “buy” rating in a research note on Wednesday, July 16th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $291.67.

About JPMorgan Chase & Co.

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.