JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Willis Investment Counsel

Willis Investment Counsel trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 20.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 107,180 shares of the financial services provider’s stock after selling 27,742 shares during the quarter. Willis Investment Counsel’s holdings in JPMorgan Chase & Co. were worth $15,588,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Moneta Group Investment Advisors LLC lifted its position in JPMorgan Chase & Co. by 105,652.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after purchasing an additional 97,907,897 shares during the period. Norges Bank purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $3,894,646,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of JPMorgan Chase & Co. by 71.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,484,094 shares of the financial services provider’s stock valued at $4,087,917,000 after buying an additional 12,654,947 shares during the period. Morgan Stanley boosted its stake in shares of JPMorgan Chase & Co. by 15.9% in the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after buying an additional 8,088,433 shares in the last quarter. Finally, Providence Capital Advisors LLC raised its position in JPMorgan Chase & Co. by 13,205.6% in the first quarter. Providence Capital Advisors LLC now owns 5,395,818 shares of the financial services provider’s stock worth $41,407,000 after acquiring an additional 5,355,265 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Societe Generale cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. StockNews.com began coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 price target for the company in a research report on Friday, July 7th. Jefferies Financial Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price target for the stock from $149.00 to $165.00 in a report on Tuesday, July 11th. Finally, Oppenheimer reduced their price objective on JPMorgan Chase & Co. from $227.00 to $219.00 and set an “outperform” rating for the company in a report on Friday, August 18th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.21.

JPMorgan Chase & Co. Stock Up 0.2 %

Shares of NYSE:JPM opened at $149.12 on Tuesday. The firm has a market cap of $433.35 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 1.92 and a beta of 1.11. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $159.38. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.28. The stock’s 50-day moving average price is $150.88 and its two-hundred day moving average price is $141.59.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, July 14th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $3.62 by $0.75. The firm had revenue of $42.40 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.76 earnings per share. On average, research analysts forecast that JPMorgan Chase & Co. will post 15.58 EPS for the current year.

Insider Transactions at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 4,310 shares of JPMorgan Chase & Co. stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total value of $624,346.60. Following the transaction, the general counsel now owns 53,425 shares in the company, valued at $7,739,145.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.79% of the company’s stock.

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.