Round Table Services LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,403 shares of the financial services provider’s stock after selling 361 shares during the quarter. Round Table Services LLC’s holdings in JPMorgan Chase & Co. were worth $828,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Smart Portfolios LLC boosted its stake in shares of JPMorgan Chase & Co. by 29.6% during the 4th quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock worth $49,000 after purchasing an additional 114 shares during the last quarter. Semmax Financial Advisors Inc. acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $56,000. Sound Income Strategies LLC boosted its stake in shares of JPMorgan Chase & Co. by 126.7% during the 2nd quarter. Sound Income Strategies LLC now owns 510 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 285 shares during the last quarter. Bogart Wealth LLC boosted its stake in shares of JPMorgan Chase & Co. by 19.0% during the 4th quarter. Bogart Wealth LLC now owns 625 shares of the financial services provider’s stock worth $61,000 after purchasing an additional 100 shares during the last quarter. Finally, Northstar Investment Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 3.3% during the 2nd quarter. Northstar Investment Advisors LLC now owns 72,159 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 2,307 shares during the last quarter. Institutional investors and hedge funds own 71.57% of the company’s stock.

Several equities research analysts have issued reports on JPM shares. Goldman Sachs Group cut shares of Cadence Bancorp from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research note on Monday, July 22nd. Deutsche Bank set a $142.00 target price on shares of MCCORMICK & CO /SH and gave the stock a “hold” rating in a research report on Friday, June 28th. Royal Bank of Canada raised their target price on shares of Johnson Service Group from GBX 180 ($2.35) to GBX 190 ($2.48) and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Morgan Stanley decreased their target price on shares of Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. Finally, Credit Suisse Group raised their target price on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Eleven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $122.94.

Shares of JPM traded up $0.24 during mid-day trading on Monday, hitting $116.46. The company had a trading volume of 713,833 shares, compared to its average volume of 10,139,415. The business has a 50-day moving average of $112.18. The company has a current ratio of 0.97, a quick ratio of 1.00 and a debt-to-equity ratio of 1.22. JPMorgan Chase & Co. has a 1-year low of $91.11 and a 1-year high of $119.24. The company has a market cap of $377.01 billion, a PE ratio of 12.94, a PEG ratio of 1.67 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share for the quarter, beating analysts’ consensus estimates of $2.50 by $0.32. The firm had revenue of $28.83 billion for the quarter, compared to analysts’ expectations of $28.52 billion. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.41%. JPMorgan Chase & Co.’s revenue was up 3.9% compared to the same quarter last year. During the same period in the previous year, the company posted $2.29 earnings per share. Research analysts forecast that JPMorgan Chase & Co. will post 9.92 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Friday, July 5th will be given a dividend of $0.80 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $3.20 dividend on an annualized basis and a yield of 2.75%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 35.56%.

In other JPMorgan Chase & Co. news, insider Lori A. Beer sold 13,341 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total transaction of $1,524,609.48. Following the transaction, the insider now directly owns 10,130 shares of the company’s stock, valued at $1,157,656.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Peter Scher sold 10,816 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,243,840.00. The disclosure for this sale can be found here. Insiders own 0.76% of the company’s stock.

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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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