Mitchell Sinkler & Starr PA Has $11.74 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Mitchell Sinkler & Starr PA lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 12.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,973 shares of the financial services provider’s stock after selling 7,695 shares during the period. JPMorgan Chase & Co. comprises about 3.0% of Mitchell Sinkler & Starr PA’s holdings, making the stock its 7th largest holding. Mitchell Sinkler & Starr PA’s holdings in JPMorgan Chase & Co. were worth $11,738,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of JPM. Norges Bank bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at approximately $6,016,878,000. Swedbank AB purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth about $800,130,000. Capital Research Global Investors raised its holdings in JPMorgan Chase & Co. by 23.3% in 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 last quarter. Capital International Investors raised its holdings in JPMorgan Chase & Co. by 5.4% in the 4th quarter. Capital International Investors now owns 41,516,695 shares of the financial services provider’s stock worth $7,062,094,000 after acquiring an additional 2,128,478 shares during the last quarter. Finally, Public Employees Retirement Association of Colorado lifted 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 purchasing an additional 1,480,379 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on JPM shares. Robert W. Baird raised their target price on shares of JPMorgan Chase & Co. from $175.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, May 21st. Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 9th. BMO Capital Markets boosted their price objective on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Royal Bank of Canada restated an “outperform” rating and set a $211.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 21st. Finally, UBS Group raised their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Eight equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $211.06.

JPMorgan Chase & Co. Stock Up 1.7 %

JPM stock opened at $207.86 on Tuesday. The stock has a market capitalization of $596.90 billion, a PE ratio of 11.59, a price-to-earnings-growth ratio of 2.33 and a beta of 1.12. The company has a fifty day moving average of $211.40 and a 200-day 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. has a one year low of $135.19 and a one year high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $42.23 billion. During the same quarter in the prior year, the business posted $4.37 earnings per share. As a group, analysts expect 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.