West Oak Capital LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.7% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 24,064 shares of the financial services provider’s stock after selling 665 shares during the quarter. JPMorgan Chase & Co. comprises about 1.5% of West Oak Capital LLC’s holdings, making the stock its 9th largest position. West Oak Capital LLC’s holdings in JPMorgan Chase & Co. were worth $2,507,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elite Wealth Management Inc. grew its position in JPMorgan Chase & Co. by 4.1% during the first quarter. Elite Wealth Management Inc. now owns 17,891 shares of the financial services provider’s stock worth $1,967,000 after buying an additional 701 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in JPMorgan Chase & Co. by 7.1% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 808,379 shares of the financial services provider’s stock worth $88,897,000 after buying an additional 53,442 shares in the last quarter. Nuveen Asset Management LLC grew its position in JPMorgan Chase & Co. by 2.7% during the first quarter. Nuveen Asset Management LLC now owns 1,124,172 shares of the financial services provider’s stock worth $123,625,000 after buying an additional 29,540 shares in the last quarter. ING Groep NV grew its position in JPMorgan Chase & Co. by 1.5% during the fourth quarter. ING Groep NV now owns 484,403 shares of the financial services provider’s stock worth $51,802,000 after buying an additional 7,393 shares in the last quarter. Finally, Wealthfront Inc. grew its position in JPMorgan Chase & Co. by 14.2% during the fourth quarter. Wealthfront Inc. now owns 139,214 shares of the financial services provider’s stock worth $14,888,000 after buying an additional 17,288 shares in the last quarter. Institutional investors own 70.72% of the company’s stock.

In other news, CEO Gordon Smith sold 30,725 shares of the company’s stock in a transaction dated Monday, July 23rd. The stock was sold at an average price of $114.01, for a total value of $3,502,957.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.73% of the stock is currently owned by corporate insiders.

JPM opened at $113.08 on Thursday. JPMorgan Chase & Co. has a 12-month low of $90.32 and a 12-month high of $119.33. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01. The stock has a market capitalization of $392.72 billion, a PE ratio of 13.99, a PEG ratio of 1.88 and a beta of 1.16.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Friday, July 13th. The financial services provider reported $2.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.07. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%. The firm had revenue of $27.75 billion during the quarter, compared to analysts’ expectations of $27.62 billion. equities research analysts expect that JPMorgan Chase & Co. will post 9.15 EPS for the current year.

Several equities analysts recently commented on the company. Royal Bank of Canada restated a “buy” rating and set a $120.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 16th. Goldman Sachs Group set a $128.00 target price on JPMorgan Chase & Co. and gave the stock a “neutral” rating in a research report on Monday, July 23rd. Zacks Investment Research cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. Societe Generale restated a “neutral” rating and set a $119.50 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 16th. Finally, Credit Suisse Group set a $130.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Thursday, July 12th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. JPMorgan Chase & Co. presently has an average rating of “Buy” and an average price target of $120.23.

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.

Featured Story: Why Dividend Stocks May Be Right for You

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.