Skba Capital Management LLC lowered its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 146,032 shares of the financial services provider’s stock after selling 1,100 shares during the period. JPMorgan Chase & Co. makes up 2.1% of Skba Capital Management LLC’s portfolio, making the stock its 17th largest holding. Skba Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $15,217,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Connors Investor Services Inc. lifted its stake in shares of JPMorgan Chase & Co. by 4.9% during the first quarter. Connors Investor Services Inc. now owns 132,239 shares of the financial services provider’s stock worth $14,542,000 after purchasing an additional 6,121 shares in the last quarter. Sowell Financial Services LLC acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth about $5,141,000. Darrell & King LLC lifted its stake in shares of JPMorgan Chase & Co. by 10.3% during the first quarter. Darrell & King LLC now owns 429,406 shares of the financial services provider’s stock worth $37,053,000 after purchasing an additional 40,068 shares in the last quarter. Marble Harbor Investment Counsel LLC lifted its stake in shares of JPMorgan Chase & Co. by 21.2% during the first quarter. Marble Harbor Investment Counsel LLC now owns 3,206 shares of the financial services provider’s stock worth $353,000 after purchasing an additional 560 shares in the last quarter. Finally, Flinton Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 8.4% during the first quarter. Flinton Capital Management LLC now owns 463,960 shares of the financial services provider’s stock worth $51,022,000 after purchasing an additional 35,868 shares in the last quarter. Institutional investors and hedge funds own 70.26% of the company’s stock.

A number of research analysts have commented on the company. ValuEngine cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Thursday. Wolfe Research assumed coverage on JPMorgan Chase & Co. in a research note on Tuesday, September 25th. They set an “outperform” rating on the stock. Zacks Investment Research cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Monday, September 17th. Bank of America boosted their price target on JPMorgan Chase & Co. from $126.00 to $132.00 and gave the stock a “buy” rating in a research note on Monday, September 17th. Finally, BMO Capital Markets boosted their price target on JPMorgan Chase & Co. to $124.00 and gave the stock a “market perform” rating in a research note on Monday, October 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 stock. The company has an average rating of “Buy” and a consensus target price of $123.74.

In related news, Director Mellody L. Hobson bought 1,150 shares of the stock in a transaction dated Friday, October 19th. The stock was bought at an average cost of $108.94 per share, with a total value of $125,281.00. Following the completion of the acquisition, the director now owns 2,632 shares of the company’s stock, valued at $286,730.08. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.73% of the company’s stock.

Shares of NYSE JPM opened at $105.19 on Friday. 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 12.24, a PEG ratio of 1.74 and a beta of 1.10. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.01 and a current ratio of 1.01.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 12th. The financial services provider reported $2.34 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate 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 for the quarter, compared to analysts’ expectations of $27.20 billion. During the same quarter in the prior year, the firm posted $1.76 earnings per share. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 9.26 EPS for the current fiscal year.

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

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