Ausdal Financial Partners Inc. Cuts Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Ausdal Financial Partners Inc. trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,801 shares of the financial services provider’s stock after selling 226 shares during the period. Ausdal Financial Partners Inc.’s holdings in JPMorgan Chase & Co. were worth $1,780,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Prestige Wealth Management Group LLC boosted its holdings in JPMorgan Chase & Co. by 43.2% in the 2nd quarter. Prestige Wealth Management Group LLC now owns 21,785 shares of the financial services provider’s stock worth $4,406,000 after acquiring an additional 6,574 shares during the period. Triasima Portfolio Management inc. boosted its stake in shares of JPMorgan Chase & Co. by 1.5% in the second quarter. Triasima Portfolio Management inc. now owns 20,777 shares of the financial services provider’s stock valued at $4,202,000 after purchasing an additional 300 shares during the period. Ballentine Partners LLC grew its holdings in JPMorgan Chase & Co. by 1.4% during the 2nd quarter. Ballentine Partners LLC now owns 81,485 shares of the financial services provider’s stock valued at $16,481,000 after purchasing an additional 1,097 shares in the last quarter. Koss Olinger Consulting LLC purchased a new stake in JPMorgan Chase & Co. during the 2nd quarter worth $680,000. Finally, Caprock Group LLC lifted its holdings in JPMorgan Chase & Co. by 100.3% in the 2nd quarter. Caprock Group LLC now owns 75,977 shares of the financial services provider’s stock worth $15,367,000 after buying an additional 38,047 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Barclays upped their target price on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Piper Sandler raised their price target on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Tuesday, July 9th. Finally, Jefferies Financial Group raised their price objective on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a report on Wednesday, July 3rd. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $211.06.

JPMorgan Chase & Co. Trading Down 1.1 %

NYSE:JPM opened at $204.32 on Friday. The firm has a market capitalization of $581.33 billion, a P/E ratio of 11.40, a P/E/G ratio of 2.33 and a beta of 1.12. The business has a 50 day simple moving average of $211.34 and a 200 day simple moving average of $200.80. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. JPMorgan Chase & Co. has a 12-month low of $135.19 and a 12-month high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping the consensus estimate of $4.19 by $1.93. The business had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. During the same quarter in the prior year, the firm earned $4.37 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post 16.78 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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.