Carleon Capital Partners LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 59.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,000 shares of the financial services provider’s stock after selling 7,400 shares during the period. Carleon Capital Partners LLC’s holdings in JPMorgan Chase & Co. were worth $521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hudson Capital Management LLC grew its holdings in JPMorgan Chase & Co. by 44.4% in the first quarter. Hudson Capital Management LLC now owns 15,434 shares of the financial services provider’s stock valued at $1,697,000 after purchasing an additional 4,744 shares during the period. Evergreen Capital Management LLC grew its holdings in JPMorgan Chase & Co. by 53.2% in the first quarter. Evergreen Capital Management LLC now owns 17,405 shares of the financial services provider’s stock valued at $1,914,000 after purchasing an additional 6,047 shares during the period. Norinchukin Bank The grew its holdings in JPMorgan Chase & Co. by 29.6% in the first quarter. Norinchukin Bank The now owns 344,850 shares of the financial services provider’s stock valued at $37,923,000 after purchasing an additional 78,798 shares during the period. Fisher Asset Management LLC grew its holdings in JPMorgan Chase & Co. by 2.7% in the first quarter. Fisher Asset Management LLC now owns 5,003,395 shares of the financial services provider’s stock valued at $550,223,000 after purchasing an additional 130,408 shares during the period. Finally, IFM Investors Pty Ltd grew its holdings in JPMorgan Chase & Co. by 9.7% in the first quarter. IFM Investors Pty Ltd now owns 108,101 shares of the financial services provider’s stock valued at $11,888,000 after purchasing an additional 9,519 shares during the period. 70.26% of the stock is owned by institutional investors.

JPM opened at $103.29 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.17. JPMorgan Chase & Co. has a 52-week low of $102.20 and a 52-week high of $119.33. The company has a market cap of $368.01 billion, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 1.74 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. The company had revenue of $27.26 billion during the quarter, compared to the consensus estimate of $27.20 billion. During the same period in the previous year, the firm earned $1.76 earnings per share. On average, research analysts predict that JPMorgan Chase & Co. will post 9.26 earnings per share for the current fiscal year.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 1,150 shares of the firm’s stock in a transaction on Friday, October 19th. The stock was bought at an average cost of $108.94 per share, for a total transaction of $125,281.00. Following the completion of the purchase, the director now directly owns 2,632 shares in the company, valued at $286,730.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is owned by insiders.

A number of research firms recently issued reports on JPM. Wolfe Research began coverage on shares of JPMorgan Chase & Co. in a report on Tuesday, September 25th. They issued an “outperform” rating for the company. Citigroup boosted their target price on shares of JPMorgan Chase & Co. from $115.00 to $125.00 and gave the company a “neutral” rating in a report on Wednesday, September 26th. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a report on Friday, September 14th. Bank of America boosted their target price on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a report on Monday, September 17th. Finally, Wells Fargo & Co set a $130.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Thursday, November 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $123.64.

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About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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