JPMorgan Chase & Co. (NYSE:JPM) is Wilkinson Global Asset Management LLC’s 3rd Largest Position

Wilkinson Global Asset Management LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 505,269 shares of the financial services provider’s stock after selling 5,614 shares during the quarter. JPMorgan Chase & Co. accounts for about 6.4% of Wilkinson Global Asset Management LLC’s portfolio, making the stock its 3rd largest position. Wilkinson Global Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $102,196,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Instrumental Wealth LLC raised its stake in JPMorgan Chase & Co. by 4.5% during the 2nd quarter. Instrumental Wealth LLC now owns 1,101 shares of the financial services provider’s stock valued at $230,000 after acquiring an additional 47 shares during the last quarter. Gemmer Asset Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.6% in the second quarter. Gemmer Asset Management LLC now owns 3,135 shares of the financial services provider’s stock valued at $634,000 after purchasing an additional 48 shares during the period. Great Point Wealth Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 0.9% during the second quarter. Great Point Wealth Advisors LLC now owns 5,690 shares of the financial services provider’s stock worth $1,151,000 after purchasing an additional 48 shares during the last quarter. Northside Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 0.7% during the second quarter. Northside Capital Management LLC now owns 6,750 shares of the financial services provider’s stock worth $1,365,000 after purchasing an additional 50 shares during the period. Finally, Highland Financial Advisors LLC grew its position in JPMorgan Chase & Co. by 0.7% in the 2nd quarter. Highland Financial Advisors LLC now owns 7,056 shares of the financial services provider’s stock valued at $1,427,000 after buying an additional 50 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JPM. BMO Capital Markets upped their price objective on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the stock a “market perform” rating in a research report on Thursday, July 11th. Oppenheimer raised their price objective on shares of JPMorgan Chase & Co. from $215.00 to $221.00 and gave the company an “outperform” rating in a research report on Monday, July 15th. StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research report on Saturday, July 13th. Robert W. Baird raised their price target on JPMorgan Chase & Co. from $175.00 to $185.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $211.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $211.06.

JPMorgan Chase & Co. Trading Down 1.1 %

Shares of JPM opened at $204.32 on Friday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.91 and a quick ratio of 0.91. JPMorgan Chase & Co. has a 1-year low of $135.19 and a 1-year high of $225.48. The stock has a market cap of $581.33 billion, a price-to-earnings ratio of 11.40, a price-to-earnings-growth ratio of 2.33 and a beta of 1.12. The firm has a 50 day simple moving average of $211.34 and a 200-day simple moving average of $200.80.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.23 billion. During the same quarter last year, the business posted $4.37 earnings per share. Equities analysts forecast that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

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.