JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Trinity Legacy Partners LLC

Trinity Legacy Partners LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,763 shares of the financial services provider’s stock after selling 190 shares during the quarter. Trinity Legacy Partners LLC’s holdings in JPMorgan Chase & Co. were worth $693,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cantor Fitzgerald Investment Advisor L.P boosted its stake in shares of JPMorgan Chase & Co. by 81.1% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after buying an additional 99,636 shares during the period. BCK Partners Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $2,455,000. LSV Asset Management boosted its stake in shares of JPMorgan Chase & Co. by 35.6% in the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after buying an additional 9,800 shares during the period. Wsfs Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 70.8% in the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after buying an additional 1,749 shares during the period. Finally, Lumature Wealth Partners LLC boosted its stake in shares of JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after buying an additional 3,527 shares during the period. 68.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JPM has been the subject of several recent analyst reports. Barclays boosted their target price on JPMorgan Chase & Co. from $179.00 to $182.00 in a research note on Sunday, July 16th. Societe Generale cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 target price for the company in a research note on Friday, July 7th. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $174.00 to $180.00 in a report on Monday, July 17th. Finally, Morgan Stanley boosted their target price on JPMorgan Chase & Co. from $173.00 to $179.00 and gave the company an “overweight” rating in a report on Tuesday, September 12th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $167.21.

JPMorgan Chase & Co. Stock Up 0.2 %

Shares of NYSE:JPM opened at $149.12 on Tuesday. 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. The stock’s fifty day simple moving average is $150.88 and its 200-day simple moving average is $141.59. The company has a market capitalization of $433.35 billion, a P/E ratio of 9.60, a P/E/G ratio of 1.92 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, July 14th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.75. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The business had revenue of $42.40 billion for the quarter, compared to the consensus estimate of $38.66 billion. During the same period in the prior year, the business earned $2.76 earnings per share. The business’s revenue was up 34.1% on a year-over-year basis. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 15.58 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 4,310 shares of the stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $157.16, for a total transaction of $677,359.60. Following the transaction, the general counsel now directly owns 57,735 shares in the company, valued at $9,073,632.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Company Profile

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.