LFA Lugano Financial Advisors SA Has $1.17 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

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LFA Lugano Financial Advisors SA boosted its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,487 shares of the financial services provider’s stock after buying an additional 139 shares during the quarter. JPMorgan Chase & Co. makes up about 0.7% of LFA Lugano Financial Advisors SA’s holdings, making the stock its 20th biggest position. LFA Lugano Financial Advisors SA’s holdings in JPMorgan Chase & Co. were worth $1,172,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Personal Wealth Partners acquired a new position in JPMorgan Chase & Co. during the second quarter valued at approximately $28,000. Global Trust Asset Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 2,027.2% in the second quarter. Global Trust Asset Management LLC now owns 5,318 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 5,068 shares during the last quarter. Smart Portfolios LLC increased its holdings in shares of JPMorgan Chase & Co. by 29.6% in the fourth quarter. Smart Portfolios LLC now owns 499 shares of the financial services provider’s stock valued at $49,000 after purchasing an additional 114 shares during the last quarter. Semmax Financial Advisors Inc. acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $56,000. Finally, Sound Income Strategies LLC increased its holdings in shares of JPMorgan Chase & Co. by 126.7% in the second quarter. Sound Income Strategies LLC now owns 510 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 285 shares during the last quarter. Institutional investors own 72.31% of the company’s stock.

JPM has been the topic of several research reports. DZ Bank reiterated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday. Wells Fargo & Co set a $125.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada restated a “buy” rating and issued a $120.00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 16th. ValuEngine downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Finally, Goldman Sachs Group restated a “neutral” rating and issued a $117.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 22nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $121.94.

Shares of JPMorgan Chase & Co. stock opened at $107.98 on Friday. The company has a market capitalization of $343.12 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 1.55 and a beta of 1.16. The company has a quick ratio of 0.97, a current ratio of 0.97 and a debt-to-equity ratio of 1.22. JPMorgan Chase & Co. has a 12-month low of $91.11 and a 12-month high of $119.24. The firm’s 50-day moving average price is $112.23 and its two-hundred day moving average price is $108.98.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.32. The firm had revenue of $28.83 billion for the quarter, compared to the consensus estimate of $28.52 billion. JPMorgan Chase & Co. had a net margin of 24.73% and a return on equity of 14.40%. The business’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the company posted $2.29 earnings per share. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 9.91 earnings per share for the current year.

In other JPMorgan Chase & Co. news, EVP Peter Scher sold 10,816 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $115.00, for a total transaction of $1,243,840.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Mellody L. Hobson acquired 18,200 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, August 8th. The shares were purchased at an average price of $109.91 per share, for a total transaction of $2,000,362.00. Following the completion of the purchase, the director now directly owns 7,804 shares of the company’s stock, valued at $857,737.64. The disclosure for this purchase can be found here. Corporate insiders own 0.76% of the company’s stock.

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 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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