Hudson Edge Investment Partners Inc. Sells 1,625 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Hudson Edge Investment Partners Inc. cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.1% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 50,661 shares of the financial services provider’s stock after selling 1,625 shares during the period. JPMorgan Chase & Co. comprises about 2.0% of Hudson Edge Investment Partners Inc.’s holdings, making the stock its 5th biggest holding. Hudson Edge Investment Partners Inc.’s holdings in JPMorgan Chase & Co. were worth $10,247,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JPM. Gilbert & Cook Inc. lifted its stake in JPMorgan Chase & Co. by 1.5% in the 4th quarter. Gilbert & Cook Inc. now owns 11,360 shares of the financial services provider’s stock worth $1,932,000 after purchasing an additional 164 shares in the last quarter. Aveo Capital Partners LLC lifted its position in JPMorgan Chase & Co. by 13.0% during the fourth quarter. Aveo Capital Partners LLC now owns 5,151 shares of the financial services provider’s stock worth $876,000 after buying an additional 591 shares in the last quarter. Gryphon Financial Partners LLC boosted its stake in JPMorgan Chase & Co. by 66.9% during the fourth quarter. Gryphon Financial Partners LLC now owns 25,004 shares of the financial services provider’s stock worth $4,238,000 after buying an additional 10,025 shares during the last quarter. NBC Securities Inc. grew its holdings in JPMorgan Chase & Co. by 5.6% in the 4th quarter. NBC Securities Inc. now owns 43,315 shares of the financial services provider’s stock valued at $7,368,000 after buying an additional 2,300 shares in the last quarter. Finally, Johnson Investment Counsel Inc. increased its stake in shares of JPMorgan Chase & Co. by 13.0% in the 4th quarter. Johnson Investment Counsel Inc. now owns 266,386 shares of the financial services provider’s stock worth $45,312,000 after acquiring an additional 30,624 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on JPM shares. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Oppenheimer increased their price target on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Citigroup increased their price objective on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Finally, Barclays lifted 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. Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $211.06.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $204.32 on Friday. The firm has a 50 day moving average of $211.34 and a two-hundred day moving average of $200.80. The stock has a market capitalization of $581.33 billion, a PE ratio of 11.40, a P/E/G ratio of 2.33 and a beta of 1.12. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. During the same period last year, the business posted $4.37 earnings per share. On average, research analysts predict that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

JPMorgan Chase & Co. 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.