JPMorgan Chase & Co. (NYSE:JPM) is Ingalls & Snyder LLC’s 9th Largest Position

Ingalls & Snyder LLC reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 230,863 shares of the financial services provider’s stock after selling 4,872 shares during the period. JPMorgan Chase & Co. comprises approximately 2.0% of Ingalls & Snyder LLC’s holdings, making the stock its 9th largest position. Ingalls & Snyder LLC’s holdings in JPMorgan Chase & Co. were worth $46,694,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Retirement Group LLC boosted its position in JPMorgan Chase & Co. by 227.1% during the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 109 shares during the last quarter. Richardson Capital Management LLC purchased a new position in JPMorgan Chase & Co. during the first quarter worth approximately $34,000. Bare Financial Services Inc purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $35,000. Partnership Wealth Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $36,000. Finally, Davidson Capital Management Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at $37,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $219.33 on Thursday. The business has a fifty day simple moving average of $210.67 and a 200 day simple moving average of $199.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $629.84 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 2.62 and a beta of 1.12. 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 issued its earnings results on Friday, July 12th. The financial services provider reported $6.12 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 business had revenue of $50.80 billion during the quarter, compared to analyst estimates of $42.23 billion. During the same period in the prior year, the company posted $4.37 earnings per share. Sell-side analysts expect that JPMorgan Chase & Co. will post 16.78 EPS for the current year.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 5,086 shares of the stock in a transaction on Monday, June 10th. The stock was sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the sale, the insider now owns 212,265 shares in the company, valued at $42,355,358.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on JPM shares. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $235.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $211.00 price target on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. BMO Capital Markets boosted their target price on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Oppenheimer boosted their target price 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. Finally, Jefferies Financial Group boosted their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.00 and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Nine investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $208.35.

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.