JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 226,771 shares of the financial services provider’s stock after selling 1,057 shares during the period. Johnson Investment Counsel Inc.’s holdings in JPMorgan Chase & Co. were worth $45,867,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of JPM. Retirement Group LLC lifted its position in shares of JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 109 shares in the last quarter. Richardson Capital Management LLC purchased a new stake in JPMorgan Chase & Co. during the 1st quarter worth about $34,000. Anfield Capital Management LLC acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at about $34,000. Davidson Capital Management Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at about $37,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth about $40,000. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $207.86 on Tuesday. JPMorgan Chase & Co. has a one year low of $135.19 and a one year high of $225.48. The stock has a market capitalization of $596.90 billion, a price-to-earnings ratio of 11.59, a PEG ratio of 2.33 and a beta of 1.12. The company has a 50-day simple moving average of $211.40 and a 200-day simple moving average of $201.19. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating the consensus estimate of $4.19 by $1.93. The firm had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period in the prior year, the business earned $4.37 EPS. On average, analysts predict that JPMorgan Chase & Co. will post 16.78 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on JPM shares. Citigroup boosted their price target on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. Barclays increased their target price on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $235.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Jefferies Financial Group increased their price objective on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Finally, Piper Sandler boosted their target price on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus price target 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.