Tarbox Family Office Inc. reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 22.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,791 shares of the financial services provider’s stock after selling 528 shares during the period. Tarbox Family Office Inc.’s holdings in JPMorgan Chase & Co. were worth $200,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Thoroughbred Financial Services LLC raised its stake in shares of JPMorgan Chase & Co. by 11,601.0% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 4,973,970 shares of the financial services provider’s stock valued at $497,397,000 after purchasing an additional 4,931,461 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of JPMorgan Chase & Co. by 179.6% in the 2nd quarter. Bessemer Group Inc. now owns 3,508,417 shares of the financial services provider’s stock valued at $392,240,000 after purchasing an additional 2,253,764 shares in the last quarter. Royal London Asset Management Ltd. acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $182,400,000. ADAMCAPITAL Gestao de Recursos Ltda. raised its stake in shares of JPMorgan Chase & Co. by 32.0% in the 4th quarter. ADAMCAPITAL Gestao de Recursos Ltda. now owns 2,598,267 shares of the financial services provider’s stock valued at $253,643,000 after purchasing an additional 629,580 shares in the last quarter. Finally, Capital Wealth Planning LLC raised its stake in shares of JPMorgan Chase & Co. by 1,070.4% in the 2nd quarter. Capital Wealth Planning LLC now owns 665,018 shares of the financial services provider’s stock valued at $74,349,000 after purchasing an additional 608,198 shares in the last quarter. 72.31% of the stock is owned by institutional investors.

A number of equities research analysts have recently issued reports on the stock. Goldman Sachs Group restated a “neutral” rating and issued a $117.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. Zacks Investment Research lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 14th. Morgan Stanley set a $122.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, August 9th. Deutsche Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Friday, June 28th. Finally, ValuEngine lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $121.94.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 18,200 shares of the company’s stock in a transaction that occurred on Thursday, August 8th. The shares were purchased at an average price of $109.91 per share, for a total transaction of $2,000,362.00. Following the completion of the purchase, the director now directly owns 7,804 shares in the company, valued at $857,737.64. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Peter Scher sold 10,816 shares of the stock in a transaction dated Thursday, July 18th. The stock was 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. 0.76% of the stock is owned by corporate insiders.

JPM opened at $108.69 on Thursday. The firm has a market cap of $347.53 billion, a price-to-earnings ratio of 12.08, a price-to-earnings-growth ratio of 1.56 and a beta of 1.16. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $119.24. The company’s 50-day moving average price is $112.30 and its 200 day moving average price is $108.95. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.22.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.32. The firm had revenue of $28.83 billion for the quarter, compared to analyst estimates of $28.52 billion. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. JPMorgan Chase & Co.’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.29 earnings per share. Research analysts anticipate that JPMorgan Chase & Co. will post 9.91 earnings per share for the current year.

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 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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