Sterling Investment Advisors Ltd. Lowers Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Sterling Investment Advisors Ltd. decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,066 shares of the financial services provider’s stock after selling 173 shares during the period. JPMorgan Chase & Co. makes up approximately 1.3% of Sterling Investment Advisors Ltd.’s holdings, making the stock its 22nd biggest position. Sterling Investment Advisors Ltd.’s holdings in JPMorgan Chase & Co. were worth $4,868,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Gilbert & Cook Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 1.5% during the fourth quarter. Gilbert & Cook Inc. now owns 11,360 shares of the financial services provider’s stock valued at $1,932,000 after purchasing an additional 164 shares in the last quarter. Aveo Capital Partners LLC increased its holdings in JPMorgan Chase & Co. by 13.0% in the 4th quarter. Aveo Capital Partners LLC now owns 5,151 shares of the financial services provider’s stock worth $876,000 after buying an additional 591 shares in the last quarter. Gryphon Financial Partners LLC raised its position in JPMorgan Chase & Co. by 66.9% in the 4th quarter. Gryphon Financial Partners LLC now owns 25,004 shares of the financial services provider’s stock worth $4,238,000 after buying an additional 10,025 shares during the last quarter. Pioneer Trust Bank N A OR lifted its stake in JPMorgan Chase & Co. by 3.4% during the 4th quarter. Pioneer Trust Bank N A OR now owns 55,996 shares of the financial services provider’s stock valued at $9,525,000 after acquiring an additional 1,856 shares during the period. Finally, Catalyst Financial Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.9% during the 4th quarter. Catalyst Financial Partners LLC now owns 15,378 shares of the financial services provider’s stock valued at $2,616,000 after acquiring an additional 137 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Down 5.2 %

JPM opened at $205.56 on Wednesday. The stock has a market cap of $590.30 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 2.39 and a beta of 1.12. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91. The firm’s fifty day moving average is $211.41 and its 200 day moving average is $200.56. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.48.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating the consensus estimate of $4.19 by $1.93. The business had revenue of $50.80 billion for the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period in the previous year, the business earned $4.37 earnings per share. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 16.78 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on JPM shares. Royal Bank of Canada reissued an “outperform” rating and set a $211.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, May 21st. BMO Capital Markets boosted their target price on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research note on Thursday, July 11th. Keefe, Bruyette & Woods raised their price target on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the stock a “market perform” rating in a research note on Tuesday, July 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $235.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, September 3rd. Finally, Jefferies Financial Group increased their target price on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average target price of $211.44.

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, 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.