Peoples Financial Services CORP. trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,730 shares of the financial services provider’s stock after selling 700 shares during the period. Peoples Financial Services CORP.’s holdings in JPMorgan Chase & Co. were worth $1,535,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in JPM. Keeler Thomas Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $112,000. Financial Gravity Wealth Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at $150,000. FSI Group LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $159,000. Stelac Advisory Services LLC acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at $162,000. Finally, Private Ocean LLC lifted its stake in shares of JPMorgan Chase & Co. by 94.7% in the 1st quarter. Private Ocean LLC now owns 1,694 shares of the financial services provider’s stock valued at $186,000 after purchasing an additional 824 shares during the period. Institutional investors and hedge funds own 70.72% of the company’s stock.

Several research firms recently issued reports on JPM. Zacks Investment Research upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $127.00 target price for the company in a research note on Friday. DZ Bank upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. UBS Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Thursday, July 19th. Keefe, Bruyette & Woods reiterated a “$111.53” rating and issued a $127.00 target price on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 18th. Finally, Goldman Sachs Group set a $128.00 target price on shares of JPMorgan Chase & Co. and gave the company a “neutral” rating in a research note on Monday, July 23rd. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $120.13.

Shares of NYSE JPM opened at $113.50 on Friday. The firm has a market capitalization of $388.09 billion, a P/E ratio of 13.82, a P/E/G ratio of 1.85 and a beta of 1.16. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18. JPMorgan Chase & Co. has a one year low of $90.76 and a one year high of $119.33.

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

In related news, CEO Gordon Smith sold 30,725 shares of the business’s stock in a transaction on Monday, July 23rd. The shares were sold at an average price of $114.01, for a total value of $3,502,957.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.73% of the stock is currently owned by insiders.

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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