JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by State Board of Administration of Florida Retirement System

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State Board of Administration of Florida Retirement System cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 4,124,486 shares of the financial services provider’s stock after selling 68,091 shares during the period. JPMorgan Chase & Co. comprises about 1.0% of State Board of Administration of Florida Retirement System’s holdings, making the stock its 11th biggest holding. State Board of Administration of Florida Retirement System owned 0.14% of JPMorgan Chase & Co. worth $387,949,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital World Investors boosted its holdings in shares of JPMorgan Chase & Co. by 9.9% in the 1st quarter. Capital World Investors now owns 91,033,221 shares of the financial services provider’s stock valued at $8,195,754,000 after purchasing an additional 8,187,609 shares in the last quarter. Viking Global Investors LP purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth about $367,801,000. Franklin Resources Inc. boosted its stake in shares of JPMorgan Chase & Co. by 16.8% during the 1st quarter. Franklin Resources Inc. now owns 17,879,346 shares of the financial services provider’s stock worth $1,609,696,000 after purchasing an additional 2,566,973 shares during the period. Morgan Stanley boosted its stake in shares of JPMorgan Chase & Co. by 6.4% during the 1st quarter. Morgan Stanley now owns 37,812,884 shares of the financial services provider’s stock worth $3,404,295,000 after purchasing an additional 2,262,845 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in shares of JPMorgan Chase & Co. by 9,974.9% during the 1st quarter. Two Sigma Advisers LP now owns 2,125,800 shares of the financial services provider’s stock worth $191,386,000 after purchasing an additional 2,104,700 shares during the period. Institutional investors and hedge funds own 71.35% of the company’s stock.

Shares of NYSE:JPM traded down $0.03 during trading hours on Friday, hitting $97.34. The company’s stock had a trading volume of 282,124 shares, compared to its average volume of 14,579,526. JPMorgan Chase & Co. has a 52 week low of $76.91 and a 52 week high of $141.10. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.88 and a quick ratio of 0.88. The company has a market capitalization of $300.34 billion, a price-to-earnings ratio of 13.14, a P/E/G ratio of 3.31 and a beta of 1.18. The firm’s fifty day moving average price is $97.67 and its 200 day moving average price is $101.82.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.38 EPS for the quarter, topping the consensus estimate of $1.34 by $0.04. The firm had revenue of $32.98 billion during the quarter, compared to analyst estimates of $30.23 billion. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. JPMorgan Chase & Co.’s revenue was up 14.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.82 EPS. On average, equities research analysts predict that JPMorgan Chase & Co. will post 5.96 earnings per share for the current fiscal year.

A number of research firms recently commented on JPM. Atlantic Securities raised shares of JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $120.00 price target for the company in a research note on Wednesday, July 22nd. Goldman Sachs Group raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Friday, July 24th. Odeon Capital Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $105.75 price target for the company in a research note on Wednesday, May 20th. Credit Suisse Group set a $122.00 price objective on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Monday, May 18th. Finally, Wells Fargo & Co boosted their price objective on shares of JPMorgan Chase & Co. from $115.00 to $130.00 in a research report on Friday, June 5th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have given a buy rating to the company. JPMorgan Chase & Co. currently has an average rating of “Buy” and an average target price of $110.89.

In related news, CEO Mary E. Erdoes sold 24,554 shares of the business’s stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total transaction of $2,443,614.08. Insiders own 0.78% of the company’s stock.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

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

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