Laurel Wealth Advisors Inc. Has $2.83 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Share on StockTwits

Laurel Wealth Advisors Inc. trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,340 shares of the financial services provider’s stock after selling 219 shares during the period. Laurel Wealth Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $2,833,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Morse Asset Management Inc increased its position in shares of JPMorgan Chase & Co. by 1.5% during the second quarter. Morse Asset Management Inc now owns 5,781 shares of the financial services provider’s stock worth $646,000 after acquiring an additional 86 shares in the last quarter. Harvey Investment Co. LLC increased its position in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. Harvey Investment Co. LLC now owns 21,596 shares of the financial services provider’s stock worth $2,414,000 after acquiring an additional 90 shares in the last quarter. CMH Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. by 0.4% during the second quarter. CMH Wealth Management LLC now owns 25,978 shares of the financial services provider’s stock worth $2,904,000 after acquiring an additional 95 shares in the last quarter. Comprehensive Portfolio Management LLC boosted its holdings in JPMorgan Chase & Co. by 1.3% during the second quarter. Comprehensive Portfolio Management LLC now owns 8,005 shares of the financial services provider’s stock worth $895,000 after purchasing an additional 99 shares during the last quarter. Finally, Navellier & Associates Inc boosted its holdings in JPMorgan Chase & Co. by 4.8% during the second quarter. Navellier & Associates Inc now owns 2,181 shares of the financial services provider’s stock worth $244,000 after purchasing an additional 100 shares during the last quarter. 72.23% of the stock is owned by institutional investors and hedge funds.

JPM has been the subject of several recent research reports. Wells Fargo & Co set a $125.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 16th. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Wednesday, September 4th. Morgan Stanley set a $122.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 9th. DZ Bank restated a “hold” rating on shares of JPMorgan Chase & Co. in a report on Wednesday, August 21st. Finally, Goldman Sachs Group restated a “neutral” rating and set a $117.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 22nd. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $121.94.

JPM stock traded up $1.08 during trading hours on Friday, reaching $118.99. The stock had a trading volume of 302,813 shares, compared to its average volume of 10,656,794. The stock has a market capitalization of $373.69 billion, a PE ratio of 13.21, a price-to-earnings-growth ratio of 1.69 and a beta of 1.19. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a 50-day simple moving average of $110.70 and a 200 day simple moving average of $109.63. JPMorgan Chase & Co. has a fifty-two week low of $91.11 and a fifty-two week high of $119.24.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Tuesday, July 16th. The financial services provider reported $2.82 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.32. The firm had revenue of $28.83 billion during 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 14.40%. The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.29 earnings per share. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 9.91 EPS for the current fiscal year.

In other JPMorgan Chase & Co. news, EVP Peter Scher sold 10,816 shares of the stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $115.00, for a total value of $1,243,840.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Lori A. Beer sold 13,341 shares of the stock in a transaction 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 completion of the sale, the insider now owns 10,130 shares of the company’s stock, valued at approximately $1,157,656.40. The disclosure for this sale can be found here. Company 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.

See Also: Earnings Per Share (EPS) Explained

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

GLI Finance  PT Lowered to GBX 6.20
GLI Finance PT Lowered to GBX 6.20
Games Workshop Group  Rating Reiterated by Peel Hunt
Games Workshop Group Rating Reiterated by Peel Hunt
ConvaTec Group  Rating Reiterated by Peel Hunt
ConvaTec Group Rating Reiterated by Peel Hunt
Burberry Group  Stock Rating Reaffirmed by UBS Group
Burberry Group Stock Rating Reaffirmed by UBS Group
Peel Hunt Reiterates “Add” Rating for Chariot Oil & Gas
Peel Hunt Reiterates “Add” Rating for Chariot Oil & Gas
Colefax Group  Stock Rating Reaffirmed by Peel Hunt
Colefax Group Stock Rating Reaffirmed by Peel Hunt


© 2006-2019 Ticker Report