JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Sykon Capital LLC

Sykon Capital LLC decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 12.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,821 shares of the financial services provider’s stock after selling 250 shares during the period. Sykon Capital LLC’s holdings in JPMorgan Chase & Co. were worth $368,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. TradeLink Capital LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $748,000. GHP Investment Advisors Inc. increased its holdings in shares of JPMorgan Chase & Co. by 1.0% during the 2nd quarter. GHP Investment Advisors Inc. now owns 92,552 shares of the financial services provider’s stock worth $18,720,000 after buying an additional 941 shares during the last quarter. Executive Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.7% during the 2nd quarter. Executive Wealth Management LLC now owns 54,911 shares of the financial services provider’s stock worth $11,106,000 after buying an additional 930 shares during the last quarter. Meeder Advisory Services Inc. increased its holdings in shares of JPMorgan Chase & Co. by 35.2% during the 2nd quarter. Meeder Advisory Services Inc. now owns 67,408 shares of the financial services provider’s stock worth $13,634,000 after buying an additional 17,558 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its holdings in shares of JPMorgan Chase & Co. by 2.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 3,498,041 shares of the financial services provider’s stock worth $703,275,000 after buying an additional 68,926 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JPM. Robert W. Baird raised their price target 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. UBS Group raised their price target on shares of JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Barclays raised their price target on shares of JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Wells Fargo & Company lifted their target price on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Finally, Citigroup lifted their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, July 15th. Eight investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus price target of $211.06.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $209.50 on Wednesday. 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. The stock has a market capitalization of $601.61 billion, a PE ratio of 11.68, a P/E/G ratio of 2.33 and a beta of 1.12. The firm has a 50 day moving average of $211.43 and a two-hundred day moving average of $201.36.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results 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. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The company had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. During the same quarter last year, the company posted $4.37 EPS. 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.