JPMorgan Chase & Co. (JPM) Position Trimmed by Syntal Capital Partners LLC
Syntal Capital Partners LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 18.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 8,140 shares of the financial services provider’s stock after selling 1,823 shares during the quarter. Syntal Capital Partners LLC’s holdings in JPMorgan Chase & Co. were worth $848,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JPM. Quad Cities Investment Group LLC acquired a new stake in JPMorgan Chase & Co. during the second quarter worth about $124,000. Ballew Advisors Inc increased its stake in JPMorgan Chase & Co. by 104.2% during the second quarter. Ballew Advisors Inc now owns 1,213 shares of the financial services provider’s stock worth $126,000 after acquiring an additional 619 shares during the last quarter. Kwmg LLC acquired a new stake in JPMorgan Chase & Co. during the second quarter worth about $158,000. Stelac Advisory Services LLC acquired a new stake in JPMorgan Chase & Co. during the first quarter worth about $162,000. Finally, TradeLink Capital LLC acquired a new stake in JPMorgan Chase & Co. during the second quarter worth about $179,000. Hedge funds and other institutional investors own 70.26% of the company’s stock.
In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 1,150 shares of the stock in a transaction on Friday, October 19th. The stock was purchased at an average price of $108.94 per share, for a total transaction of $125,281.00. Following the purchase, the director now directly owns 2,632 shares in the company, valued at $286,730.08. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.73% of the stock is owned by company insiders.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 earnings per share for the quarter, beating analysts’ consensus estimates of $2.24 by $0.10. JPMorgan Chase & Co. had a return on equity of 13.90% and a net margin of 23.39%. The firm had revenue of $27.26 billion during the quarter, compared to analyst estimates of $27.20 billion. During the same quarter last year, the firm earned $1.76 EPS. Equities analysts expect that JPMorgan Chase & Co. will post 9.26 earnings per share for the current fiscal year.
Several equities research analysts have commented on the company. ValuEngine lowered JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Thursday. Wolfe Research initiated coverage on JPMorgan Chase & Co. in a research note on Tuesday, September 25th. They issued an “outperform” rating for the company. Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Monday, September 17th. Bank of America increased their target price on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a research note on Monday, September 17th. Finally, BMO Capital Markets increased their target price on JPMorgan Chase & Co. to $124.00 and gave the company a “market perform” rating in a research note on Monday, October 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $123.74.
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JPMorgan Chase & Co. Profile
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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