JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Parkside Investments LLC

Parkside Investments LLC lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,280 shares of the financial services provider’s stock after selling 707 shares during the quarter. Parkside Investments LLC’s holdings in JPMorgan Chase & Co. were worth $3,721,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Personal Wealth Partners purchased a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $28,000. Smart Portfolios LLC grew its position in shares of JPMorgan Chase & Co. by 29.6% in the fourth quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 114 shares in the last quarter. Sound Income Strategies LLC grew its position in shares of JPMorgan Chase & Co. by 126.7% in the second quarter. Sound Income Strategies LLC now owns 510 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 285 shares in the last quarter. Asset Planning Services Ltd. purchased a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $61,000. Finally, Semmax Financial Advisors Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $56,000. 72.31% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Co set a $125.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, August 16th. Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Tuesday, May 14th. Goldman Sachs Group restated a “neutral” rating and issued a $117.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. Deutsche Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 16th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $121.94.

In related news, EVP Peter Scher sold 10,816 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $115.00, for a total value of $1,243,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mellody L. Hobson acquired 18,200 shares of the stock in a transaction that occurred on Thursday, August 8th. The stock was acquired at an average price of $109.91 per share, with a total value of $2,000,362.00. Following the completion of the transaction, the director now directly owns 7,804 shares of the company’s stock, valued at approximately $857,737.64. The disclosure for this purchase can be found here. Corporate insiders own 0.76% of the company’s stock.

Shares of JPMorgan Chase & Co. stock opened at $108.69 on Thursday. The firm has a market capitalization of $347.53 billion, a price-to-earnings ratio of 12.08, a PEG 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 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 50 day moving average of $112.30 and a 200 day moving average of $108.95.

JPMorgan Chase & Co. (NYSE:JPM) last issued 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 company had revenue of $28.83 billion during the quarter, compared to analyst estimates of $28.52 billion. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.29 earnings per share. Analysts forecast that JPMorgan Chase & Co. will post 9.91 EPS 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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