STAR Financial Bank Sells 1,130 Shares of JPMorgan Chase & Co. (NYSE:JPM)

STAR Financial Bank lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 13.8% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,071 shares of the financial services provider’s stock after selling 1,130 shares during the period. JPMorgan Chase & Co. makes up approximately 1.1% of STAR Financial Bank’s holdings, making the stock its 22nd biggest position. STAR Financial Bank’s holdings in JPMorgan Chase & Co. were worth $1,430,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in JPM. Retirement Group LLC lifted its position in shares of JPMorgan Chase & Co. by 227.1% during the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 109 shares during the last quarter. Richardson Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth about $34,000. Anfield Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the second quarter valued at about $34,000. Davidson Capital Management Inc. bought a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $37,000. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in JPMorgan Chase & Co. during the first quarter worth about $40,000. Institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods upped their target price on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Tuesday, July 9th. StockNews.com raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Jefferies Financial Group upped their price objective on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $211.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 21st. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $211.06.

JPMorgan Chase & Co. Trading Up 1.7 %

Shares of NYSE JPM opened at $207.86 on Tuesday. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.48. The firm has a market capitalization 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. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. The company’s 50 day simple moving average is $211.40 and its 200 day simple moving average is $201.19.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share 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 company had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter in the prior year, the business posted $4.37 EPS. On average, 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.