JPMorgan Chase & Co. $JPM Shares Sold by Haverford Trust Co

Key Points

• Haverford Trust Co reduced its holdings in JPMorgan Chase & Co. by 1.2%, selling 17,726 shares during the 1st quarter, resulting in a total ownership of 1,455,065 shares.
• Several institutional investors increased their stakes in JPMorgan Chase, with Strategies Wealth Advisors LLC's position growing by 135.6%.
• Analysts show a mix of ratings on JPMorgan Chase, with one issuing a Strong Buy rating and others providing Buy and Sell ratings, leading to a consensus rating of "Moderate Buy".

Haverford Trust Co decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,455,065 shares of the financial services provider's stock after selling 17,726 shares during the quarter. JPMorgan Chase & Co. comprises approximately 3.6% of Haverford Trust Co's investment portfolio, making the stock its 3rd biggest holding. Haverford Trust Co owned about 0.05% of JPMorgan Chase & Co. worth $356,927,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Heritage Wealth Partners LLC grew its position in shares of JPMorgan Chase & Co. by 7.4% during the 1st quarter. Heritage Wealth Partners LLC now owns 2,679 shares of the financial services provider's stock worth $657,000 after buying an additional 185 shares during the period. Sax Wealth Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 18.7% during the 1st quarter. Sax Wealth Advisors LLC now owns 19,295 shares of the financial services provider's stock worth $4,733,000 after buying an additional 3,046 shares during the period. AlphaQuest LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $1,382,000. Cutler Capital Management LLC grew its position in shares of JPMorgan Chase & Co. by 10.3% during the 1st quarter. Cutler Capital Management LLC now owns 1,310 shares of the financial services provider's stock worth $321,000 after buying an additional 122 shares during the period. Finally, Strategies Wealth Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 135.6% during the 1st quarter. Strategies Wealth Advisors LLC now owns 9,628 shares of the financial services provider's stock worth $2,362,000 after buying an additional 5,541 shares during the period. Institutional investors and hedge funds own 71.55% of the company's stock.

Insider Buying and Selling

In related news, COO Jennifer Piepszak sold 6,128 shares of the stock in a transaction on 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 completion of the transaction, the chief operating officer owned 62,455 shares in the company, valued at approximately $16,392,563.85. This represents a 8.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.47% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on JPM. Cowen reiterated a "buy" rating on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 16th. Baird R W cut shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Friday, June 27th. Bank of America boosted their price objective on shares of JPMorgan Chase & Co. from $330.00 to $340.00 and gave the company a "buy" rating in a report on Wednesday, July 16th. Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $235.00 price objective for the company. in a report on Friday, June 27th. Finally, Evercore ISI set a $298.00 price objective on shares of JPMorgan Chase & Co. and gave the company an "outperform" rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, six have issued a Hold rating and three have issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $288.68.

JPMorgan Chase & Co. Stock Up 1.6%

JPMorgan Chase & Co. stock opened at $295.9920 on Friday. The stock has a market capitalization of $813.91 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11. JPMorgan Chase & Co. has a twelve month low of $200.61 and a twelve month high of $301.29. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The company has a 50 day moving average of $288.92 and a 200-day moving average of $264.46.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced its quarterly earnings data on Tuesday, July 15th. The financial services provider reported $4.96 EPS for the quarter, topping analysts' consensus estimates of $4.48 by $0.48. JPMorgan Chase & Co. had a net margin of 20.52% and a return on equity of 16.93%. The business had revenue of $44.91 billion for the quarter, compared to analyst estimates of $43.76 billion. During the same quarter in the previous year, the firm posted $6.12 earnings per share. The firm's revenue for the quarter was down 10.5% on a year-over-year basis. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

JPMorgan Chase & Co. Profile

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.

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