Qube Research & Technologies Ltd Sells 92,066 Shares of JPMorgan Chase & Co. (NYSE:JPM)

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Qube Research & Technologies Ltd reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 86.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,448 shares of the financial services provider’s stock after selling 92,066 shares during the quarter. Qube Research & Technologies Ltd’s holdings in JPMorgan Chase & Co. were worth $1,615,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Personal Wealth Partners bought a new position in shares of JPMorgan Chase & Co. in the second quarter valued at about $28,000. Global Trust Asset Management LLC grew its stake 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 acquiring an additional 5,068 shares in the last quarter. Smart Portfolios LLC grew its stake 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 acquiring an additional 114 shares in the last quarter. Semmax Financial Advisors Inc. acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $56,000. Finally, Sound Income Strategies LLC grew its stake 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 acquiring an additional 285 shares in the last quarter. 72.31% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently commented on JPM shares. ValuEngine downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Thursday, August 8th. Deutsche Bank restated a “neutral” rating on shares of JPMorgan Chase & Co. in a research note on Friday, June 28th. 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. 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. 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 equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have issued a buy rating to the stock. JPMorgan Chase & Co. has an average rating of “Hold” and a consensus price target 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 related news, Director Mellody L. Hobson bought 18,200 shares of the company’s stock in a transaction dated Thursday, August 8th. The stock was purchased at an average price of $109.91 per share, with a total value of $2,000,362.00. Following the completion of the acquisition, the director now owns 7,804 shares of the company’s stock, valued at $857,737.64. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Peter Scher sold 10,816 shares of the stock in a transaction dated Thursday, July 18th. The stock was 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. Corporate 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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