Sunbelt Securities Inc. boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,429 shares of the financial services provider’s stock after acquiring an additional 1,390 shares during the period. JPMorgan Chase & Co. accounts for about 1.5% of Sunbelt Securities Inc.’s holdings, making the stock its 8th biggest position. Sunbelt Securities Inc.’s holdings in JPMorgan Chase & Co. were worth $3,514,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in JPM. Personal Wealth Partners bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter worth approximately $28,000. Global Trust Asset Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 2,027.2% in the 2nd quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 5,068 shares during the last quarter. Smart Portfolios LLC lifted its holdings in shares of JPMorgan Chase & Co. by 29.6% in the 4th quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock worth $49,000 after acquiring an additional 114 shares during the last quarter. Semmax Financial Advisors Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $56,000. Finally, Sound Income Strategies LLC lifted its holdings in shares of JPMorgan Chase & Co. by 126.7% in the 2nd quarter. Sound Income Strategies LLC now owns 510 shares of the financial services provider’s stock worth $57,000 after acquiring an additional 285 shares during the last quarter. Institutional investors and hedge funds own 72.31% of the company’s stock.

NYSE:JPM traded up $0.53 during midday trading on Wednesday, reaching $107.84. 529,532 shares of the stock traded hands, compared to its average volume of 12,049,560. The company has a fifty day moving average of $112.41 and a 200 day moving average of $108.93. JPMorgan Chase & Co. has a 12 month low of $91.11 and a 12 month high of $119.24. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 0.97. The stock has a market capitalization of $344.43 billion, a P/E ratio of 11.98, a PEG ratio of 1.55 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, beating the Zacks’ consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The company had revenue of $28.83 billion during the quarter, compared to analyst estimates of $28.52 billion. During the same period in the prior year, the business posted $2.29 EPS. The firm’s revenue was up 3.9% compared to the same quarter last year. On average, analysts predict that JPMorgan Chase & Co. will post 9.94 EPS for the current fiscal year.

JPM has been the subject of a number of recent research reports. Deutsche Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, June 28th. Wells Fargo & Co set a $125.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 16th. DZ Bank restated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday. ValuEngine lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. Finally, Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Tuesday, May 14th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the stock. JPMorgan Chase & Co. has an average rating of “Hold” and a consensus target price of $121.94.

In related news, insider Lori A. Beer sold 13,341 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the completion of the sale, the insider now directly owns 10,130 shares in the company, valued at approximately $1,157,656.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Peter Scher sold 10,816 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,243,840.00. The disclosure for this sale can be found here. Corporate insiders own 0.76% of the company’s stock.

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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