TD Capital Management LLC Trims Position in JPMorgan Chase & Co. $JPM

TD Capital Management LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 14.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 672 shares of the financial services provider’s stock after selling 111 shares during the quarter. TD Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $165,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Trexquant Investment LP purchased a new position in JPMorgan Chase & Co. during the 1st quarter valued at about $25,558,000. Gerber Kawasaki Wealth & Investment Management grew its holdings in JPMorgan Chase & Co. by 23.6% during the 1st quarter. Gerber Kawasaki Wealth & Investment Management now owns 16,319 shares of the financial services provider’s stock valued at $4,003,000 after buying an additional 3,112 shares in the last quarter. Graney & King LLC boosted its position in shares of JPMorgan Chase & Co. by 7.6% during the 1st quarter. Graney & King LLC now owns 832 shares of the financial services provider’s stock valued at $204,000 after acquiring an additional 59 shares during the last quarter. Hanover Advisors Inc. boosted its position in shares of JPMorgan Chase & Co. by 12.2% during the 1st quarter. Hanover Advisors Inc. now owns 1,355 shares of the financial services provider’s stock valued at $332,000 after acquiring an additional 147 shares during the last quarter. Finally, Itau Unibanco Holding S.A. boosted its position in shares of JPMorgan Chase & Co. by 1,279.8% during the 1st quarter. Itau Unibanco Holding S.A. now owns 20,394 shares of the financial services provider’s stock valued at $5,003,000 after acquiring an additional 18,916 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $299.52 on Thursday. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.88 and a current ratio of 0.88. JPMorgan Chase & Co. has a fifty-two week low of $200.61 and a fifty-two week high of $301.29. The stock has a 50 day moving average price of $290.51 and a two-hundred day moving average price of $264.94. The company has a market capitalization of $823.59 billion, a P/E ratio of 15.37, a PEG ratio of 1.98 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 earnings per share for the quarter, beating the consensus estimate of $4.48 by $0.48. JPMorgan Chase & Co. had a return on equity of 16.93% and a net margin of 20.52%.The firm had revenue of $44.91 billion during the quarter, compared to the consensus estimate of $43.76 billion. During the same quarter in the previous year, the company posted $6.12 earnings per share. The business’s revenue was down 10.5% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 6,128 shares of the business’s stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $262.47, for a total value of $1,608,416.16. Following the completion of the sale, the chief operating officer owned 62,455 shares in the company, valued at approximately $16,392,563.85. The trade was a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Bank of America lifted their price target on JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a “buy” rating in a research report on Wednesday, July 16th. Morgan Stanley lifted their price target on JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 16th. TD Cowen assumed coverage on JPMorgan Chase & Co. in a research report on Thursday, May 15th. They set a “buy” rating and a $305.00 price target for the company. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Friday, June 27th. Finally, Wall Street Zen upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 14th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, six have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $288.68.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.