Bokf Na Sells 5,888 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Bokf Na lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 297,821 shares of the financial services provider’s stock after selling 5,888 shares during the period. JPMorgan Chase & Co. comprises 1.1% of Bokf Na’s holdings, making the stock its 13th biggest position. Bokf Na’s holdings in JPMorgan Chase & Co. were worth $60,237,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of JPM. Norges Bank purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $6,016,878,000. Swedbank AB purchased a new position in shares of JPMorgan Chase & Co. in the first quarter worth $800,130,000. Capital Research Global Investors lifted its stake in shares of JPMorgan Chase & Co. by 23.3% during the first quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider’s stock worth $3,445,185,000 after buying an additional 3,252,451 shares during the period. Capital International Investors grew its holdings in shares of JPMorgan Chase & Co. by 5.4% during the fourth quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock valued at $7,062,094,000 after buying an additional 2,128,478 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado grew its holdings in shares of JPMorgan Chase & Co. by 3,836.2% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,518,969 shares of the financial services provider’s stock valued at $258,377,000 after buying an additional 1,480,379 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $207.86 on Tuesday. The firm’s 50 day moving average price is $211.40 and its 200-day moving average price is $201.19. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $225.48. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $596.90 billion, a P/E ratio of 11.59, a P/E/G ratio of 2.33 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping analysts’ consensus estimates of $4.19 by $1.93. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. The business had revenue of $50.80 billion for the quarter, compared to analysts’ expectations of $42.23 billion. During the same quarter in the previous year, the firm earned $4.37 earnings per share. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 16.78 EPS for the current year.

Analysts Set New Price Targets

JPM has been the subject of several research reports. BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a report on Tuesday, July 9th. Robert W. Baird raised their price objective on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, May 21st. Finally, Jefferies Financial Group lifted their target price on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Eight equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $211.06.

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, 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.