Evanson Asset Management LLC Sells 826 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Evanson Asset Management LLC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 8.3% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,148 shares of the financial services provider’s stock after selling 826 shares during the period. Evanson Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,330,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of JPM. Crew Capital Management Ltd. raised its stake in shares of JPMorgan Chase & Co. by 7.2% in the first quarter. Crew Capital Management Ltd. now owns 6,286 shares of the financial services provider’s stock valued at $819,000 after acquiring an additional 424 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of JPMorgan Chase & Co. by 46.4% in the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 43,526 shares of the financial services provider’s stock valued at $5,612,000 after acquiring an additional 13,792 shares during the period. CHURCHILL MANAGEMENT Corp raised its stake in shares of JPMorgan Chase & Co. by 3.4% in the first quarter. CHURCHILL MANAGEMENT Corp now owns 29,711 shares of the financial services provider’s stock valued at $3,872,000 after acquiring an additional 984 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of JPMorgan Chase & Co. by 1.5% in the first quarter. Janney Montgomery Scott LLC now owns 1,723,422 shares of the financial services provider’s stock valued at $224,579,000 after acquiring an additional 26,285 shares during the period. Finally, Athena Investment Management raised its stake in shares of JPMorgan Chase & Co. by 0.9% in the fourth quarter. Athena Investment Management now owns 28,247 shares of the financial services provider’s stock valued at $3,788,000 after acquiring an additional 244 shares during the period. Institutional investors own 68.94% of the company’s stock.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 4,310 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $144.86, for a total value of $624,346.60. Following the completion of the sale, the general counsel now directly owns 53,425 shares in the company, valued at approximately $7,739,145.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Up 0.2 %

JPM stock opened at $149.12 on Tuesday. The firm has a 50 day moving average of $150.88 and a 200 day moving average of $141.59. The stock has a market capitalization of $433.35 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 1.92 and a beta of 1.11. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.28. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $159.38.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, July 14th. The financial services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.75. The company had revenue of $42.40 billion during the quarter, compared to analysts’ expectations of $38.66 billion. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. JPMorgan Chase & Co.’s revenue for the quarter was up 34.1% on a year-over-year basis. During the same period last year, the business earned $2.76 EPS. Sell-side analysts forecast that JPMorgan Chase & Co. will post 15.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on JPM. Oppenheimer reduced their target price on shares of JPMorgan Chase & Co. from $227.00 to $219.00 and set an “outperform” rating on the stock in a research note on Friday, August 18th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $158.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, September 8th. Jefferies Financial Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price target for the stock from $149.00 to $165.00 in a research note on Tuesday, July 11th. Barclays raised their price target on shares of JPMorgan Chase & Co. from $179.00 to $182.00 in a research note on Sunday, July 16th. Finally, Credit Suisse Group raised their price target on shares of JPMorgan Chase & Co. from $160.00 to $170.00 in a research note on Monday, July 17th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $167.21.

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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.