GYL Financial Synergies LLC Cuts Stake in JPMorgan Chase & Co. (NYSE:JPM)

GYL Financial Synergies LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 155,071 shares of the financial services provider’s stock after selling 3,235 shares during the period. JPMorgan Chase & Co. accounts for about 2.4% of GYL Financial Synergies LLC’s investment portfolio, making the stock its 6th biggest holding. GYL Financial Synergies LLC’s holdings in JPMorgan Chase & Co. were worth $31,365,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $55,033,000. Tennessee Valley Asset Management Partners grew its position in JPMorgan Chase & Co. by 2.3% during the 4th quarter. Tennessee Valley Asset Management Partners now owns 6,550 shares of the financial services provider’s stock worth $1,114,000 after purchasing an additional 150 shares in the last quarter. Stone House Investment Management LLC grew its position in JPMorgan Chase & Co. by 132.8% during the 4th quarter. Stone House Investment Management LLC now owns 156 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 89 shares in the last quarter. Key Financial Inc grew its position in JPMorgan Chase & Co. by 19.7% during the 4th quarter. Key Financial Inc now owns 22,740 shares of the financial services provider’s stock worth $3,868,000 after purchasing an additional 3,740 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in JPMorgan Chase & Co. by 5.2% during the 4th quarter. Daiwa Securities Group Inc. now owns 347,197 shares of the financial services provider’s stock worth $59,059,000 after purchasing an additional 17,218 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the transaction, the insider now directly owns 212,265 shares in the company, valued at $42,355,358.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

JPM has been the topic of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $211.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Evercore ISI lifted their target price on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Barclays lifted their target price on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Citigroup lifted their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Finally, Morgan Stanley lifted their target price on shares of JPMorgan Chase & Co. from $221.00 to $226.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $205.71.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $217.49 on Friday. The firm’s 50-day moving average is $206.32 and its 200-day moving average is $196.55. JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $218.14. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. The company has a market cap of $624.56 billion, a price-to-earnings ratio of 12.09, a PEG ratio of 2.42 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The business had revenue of $50.80 billion for the quarter, compared to analysts’ expectations of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same quarter in the previous year, the firm posted $4.37 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 16.78 earnings per share for the current year.

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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.