Mccarter Private Wealth Services LLC Sells 1,120 Shares of JPMorgan Chase & Co. $JPM

Mccarter Private Wealth Services LLC cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 7.4% during the first quarter, Holdings Channel.com reports. The fund owned 14,111 shares of the financial services provider’s stock after selling 1,120 shares during the period. JPMorgan Chase & Co. comprises about 2.3% of Mccarter Private Wealth Services LLC’s holdings, making the stock its 15th largest holding. Mccarter Private Wealth Services LLC’s holdings in JPMorgan Chase & Co. were worth $3,461,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JPM. MJT & Associates Financial Advisory Group Inc. bought a new position in shares of JPMorgan Chase & Co. during the first quarter worth $28,000. University of Illinois Foundation bought a new position in shares of JPMorgan Chase & Co. during the first quarter worth $30,000. Curat Global LLC bought a new position in shares of JPMorgan Chase & Co. during the first quarter worth $33,000. Measured Risk Portfolios Inc. bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth $44,000. Finally, Minot DeBlois Advisors LLC bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth $54,000. 71.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Citigroup set a $275.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Monday, July 7th. TD Cowen assumed coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 15th. They set a “buy” rating and a $305.00 price objective on the stock. HSBC restated a “reduce” rating and set a $259.00 price objective on shares of JPMorgan Chase & Co. in a report on Tuesday, July 8th. Evercore ISI set a $298.00 price objective on shares of JPMorgan Chase & Co. and gave the stock an “outperform” rating in a report on Monday, July 7th. Finally, Truist Financial raised their price objective on shares of JPMorgan Chase & Co. from $280.00 to $290.00 and gave the stock a “hold” rating in a report on Wednesday, July 9th. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $288.68.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, COO Jennifer Piepszak sold 6,128 shares of the business’s stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $262.47, for a total transaction of $1,608,416.16. Following the transaction, the chief operating officer directly owned 62,455 shares in the company, valued at $16,392,563.85. The trade was a 8.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.47% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Down 0.4%

Shares of JPM stock opened at $291.0580 on Friday. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. JPMorgan Chase & Co. has a 1 year low of $200.61 and a 1 year high of $301.29. The firm’s fifty day moving average price is $288.29 and its two-hundred day moving average price is $264.27. The firm has a market capitalization of $800.34 billion, a P/E ratio of 14.93, a PEG ratio of 1.94 and a beta of 1.11.

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 (EPS) for the quarter, beating the consensus estimate of $4.48 by $0.48. The firm had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The company’s revenue was down 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $6.12 EPS. On average, equities analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

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.