Maple Capital Management Inc. Sells 5,355 Shares of JPMorgan Chase & Co. $JPM

Maple Capital Management Inc. trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.7% during the first quarter, Holdings Channel reports. The firm owned 194,235 shares of the financial services provider’s stock after selling 5,355 shares during the quarter. JPMorgan Chase & Co. comprises 3.7% of Maple Capital Management Inc.’s portfolio, making the stock its 8th largest holding. Maple Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $47,646,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of JPMorgan Chase & Co. during the first quarter worth about $28,000. University of Illinois Foundation bought a new position in shares of JPMorgan Chase & Co. during the first quarter worth about $30,000. Curat Global LLC bought a new position in shares of JPMorgan Chase & Co. during the first quarter worth about $33,000. Capital A Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $64,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $72,000. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $305.39 on Friday. JPMorgan Chase & Co. has a twelve month low of $202.16 and a twelve month high of $305.73. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. The company has a market capitalization of $839.75 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 2.00 and a beta of 1.13. The firm has a 50-day moving average of $293.72 and a two-hundred day moving average of $266.98.

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

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $297.94, for a total transaction of $2,830,430.00. Following the completion of the sale, the director directly owned 82,207 shares of the company’s stock, valued at approximately $24,492,753.58. This represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JPM. Cowen restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 16th. Morgan Stanley upped their price target on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 16th. Royal Bank Of Canada set a $305.00 price target on shares of JPMorgan Chase & Co. and gave the stock an “outperform” rating in a research report on Monday, June 30th. Finally, HSBC reiterated a “reduce” rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $291.67.

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.