Doliver Advisors LP Cuts Stock Position in JPMorgan Chase & Co. $JPM

Key Points

• Doliver Advisors LP reduced its position in JPMorgan Chase & Co. by 7.0%, holding 19,200 shares worth approximately $5.57 million, making it the firm's 9th largest holding.
• A total of 71.55% of JPMorgan's stock is owned by hedge funds and institutional investors, with several firms recently purchasing new stakes in the company.
• JPMorgan Chase & Co. reported $4.96 EPS for the quarter, beating estimates of $4.48 EPS, although its revenue decreased by 10.5% year-over-year.

Doliver Advisors LP trimmed its position in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 7.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,200 shares of the financial services provider's stock after selling 1,446 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.5% of Doliver Advisors LP's portfolio, making the stock its 9th biggest holding. Doliver Advisors LP's holdings in JPMorgan Chase & Co. were worth $5,566,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. First Financial Bank Trust Division lifted its holdings in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. First Financial Bank Trust Division now owns 76,612 shares of the financial services provider's stock worth $22,211,000 after buying an additional 336 shares in the last quarter. LVM Capital Management Ltd. MI raised its stake in JPMorgan Chase & Co. by 3.8% in the second quarter. LVM Capital Management Ltd. MI now owns 55,356 shares of the financial services provider's stock valued at $16,048,000 after purchasing an additional 2,003 shares in the last quarter. Stonebridge Capital Management Inc. raised its stake in JPMorgan Chase & Co. by 120.0% in the second quarter. Stonebridge Capital Management Inc. now owns 2,200 shares of the financial services provider's stock valued at $638,000 after purchasing an additional 1,200 shares in the last quarter. Kera Capital Partners Inc. raised its stake in JPMorgan Chase & Co. by 7.7% in the second quarter. Kera Capital Partners Inc. now owns 21,388 shares of the financial services provider's stock valued at $6,200,000 after purchasing an additional 1,534 shares in the last quarter. Finally, Private Client Services LLC raised its stake in JPMorgan Chase & Co. by 20.6% in the second quarter. Private Client Services LLC now owns 8,310 shares of the financial services provider's stock valued at $2,409,000 after purchasing an additional 1,419 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock traded up $1.32 during trading hours on Friday, hitting $306.88. 6,845,781 shares of the company's stock were exchanged, compared to its average volume of 6,719,976. The company has a market capitalization of $843.84 billion, a PE ratio of 15.75, a PEG ratio of 2.04 and a beta of 1.13. JPMorgan Chase & Co. has a 12-month low of $202.16 and a 12-month high of $307.55. The business's 50 day simple moving average is $293.94 and its 200-day simple moving average is $267.44. 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. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping the consensus estimate of $4.48 by $0.48. The firm had revenue of $44.91 billion for the quarter, compared to the consensus estimate of $43.76 billion. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business's revenue was down 10.5% compared to the same quarter last year. During the same period last year, the firm posted $6.12 earnings per share. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Linda Bammann sold 9,500 shares of JPMorgan Chase & Co. stock in a transaction that occurred on 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 transaction, the director directly owned 82,207 shares of the company's stock, valued at approximately $24,492,753.58. This trade represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.47% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Zacks Research downgraded shares of JPMorgan Chase & Co. from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $320.00 to $325.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $296.00 to $298.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 16th. Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $327.00 to $330.00 and gave the company an "outperform" rating in a research note on Wednesday, July 16th. Finally, HSBC reaffirmed a "reduce" rating and issued a $259.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.