Sigma Planning Corp reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,401 shares of the financial services provider’s stock after selling 3,937 shares during the quarter. Sigma Planning Corp’s holdings in JPMorgan Chase & Co. were worth $8,765,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Kavar Capital Partners LLC increased its holdings in JPMorgan Chase & Co. by 3.0% in the second quarter. Kavar Capital Partners LLC now owns 16,941 shares of the financial services provider’s stock worth $1,894,000 after purchasing an additional 494 shares in the last quarter. Watch Point Trust Co increased its holdings in JPMorgan Chase & Co. by 17.0% in the second quarter. Watch Point Trust Co now owns 46,282 shares of the financial services provider’s stock worth $5,175,000 after purchasing an additional 6,735 shares in the last quarter. Executive Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 62.4% in the second quarter. Executive Wealth Management LLC now owns 8,642 shares of the financial services provider’s stock worth $966,000 after purchasing an additional 3,319 shares in the last quarter. Stephens Inc. AR increased its holdings in JPMorgan Chase & Co. by 4.2% in the second quarter. Stephens Inc. AR now owns 286,642 shares of the financial services provider’s stock worth $32,047,000 after purchasing an additional 11,581 shares in the last quarter. Finally, Hartford Financial Management Inc. increased its holdings in JPMorgan Chase & Co. by 0.9% in the second quarter. Hartford Financial Management Inc. now owns 76,968 shares of the financial services provider’s stock worth $8,605,000 after purchasing an additional 676 shares in the last quarter. 72.31% of the stock is currently owned by institutional investors.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 13,341 shares of the business’s stock in a transaction on Wednesday, July 17th. The stock was sold at an average price of $114.28, for a total value of $1,524,609.48. Following the transaction, the insider now owns 10,130 shares of the company’s stock, valued at $1,157,656.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mellody L. Hobson acquired 18,200 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was acquired at an average cost of $109.91 per share, for a total transaction of $2,000,362.00. Following the transaction, the director now owns 7,804 shares of the company’s stock, valued at approximately $857,737.64. The disclosure for this purchase can be found here. 0.76% of the stock is currently owned by insiders.

Shares of NYSE JPM traded up $0.44 during midday trading on Wednesday, hitting $107.75. 1,118,728 shares of the stock traded hands, compared to its average volume of 12,049,560. The company has a market cap of $344.43 billion, a PE ratio of 11.97, a P/E/G ratio of 1.55 and a beta of 1.16. JPMorgan Chase & Co. has a one year low of $91.11 and a one year high of $119.24. The business has a 50 day moving average price of $112.41 and a two-hundred day moving average price of $108.93. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 0.97.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.32. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The business had revenue of $28.83 billion during the quarter, compared to the consensus estimate of $28.52 billion. During the same quarter in the prior year, the company posted $2.29 earnings per share. JPMorgan Chase & Co.’s revenue was up 3.9% compared to the same quarter last year. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 9.94 EPS for the current fiscal year.

A number of equities research analysts have weighed in on the company. DZ Bank reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Royal Bank of Canada reiterated a “buy” rating and issued a $120.00 target price on shares of JPMorgan Chase & Co. in a report on Tuesday, July 16th. Goldman Sachs Group reiterated a “neutral” rating and issued a $117.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Deutsche Bank reiterated a “neutral” rating on shares of JPMorgan Chase & Co. in a report on Friday, June 28th. Finally, ValuEngine downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $121.94.

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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