Quadrature Capital Ltd Has $1.49 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

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Quadrature Capital Ltd trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 17.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,800 shares of the financial services provider’s stock after selling 3,324 shares during the quarter. Quadrature Capital Ltd’s holdings in JPMorgan Chase & Co. were worth $1,485,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Handelsbanken Fonder AB acquired a new position in JPMorgan Chase & Co. during the 2nd quarter worth approximately $65,918,000. Sequoia Financial Advisors LLC increased its position in JPMorgan Chase & Co. by 8.4% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 36,644 shares of the financial services provider’s stock worth $3,447,000 after purchasing an additional 2,830 shares in the last quarter. Asset Dedication LLC increased its position in JPMorgan Chase & Co. by 8.9% during the 2nd quarter. Asset Dedication LLC now owns 35,376 shares of the financial services provider’s stock worth $3,317,000 after purchasing an additional 2,890 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its position in JPMorgan Chase & Co. by 37.3% during the 2nd quarter. ArrowMark Colorado Holdings LLC now owns 166,089 shares of the financial services provider’s stock worth $15,622,000 after purchasing an additional 45,094 shares in the last quarter. Finally, Rockbridge Investment Management LCC acquired a new position in JPMorgan Chase & Co. during the 2nd quarter worth approximately $276,000. 69.35% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CEO Mary E. Erdoes sold 24,554 shares of the stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total transaction of $2,443,614.08. 0.78% of the stock is owned by corporate insiders.

JPM has been the subject of a number of research analyst reports. Wells Fargo & Co upped their price objective on shares of JPMorgan Chase & Co. from $115.00 to $130.00 in a research report on Friday, June 5th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 price target for the company in a research report on Thursday, July 9th. Credit Suisse Group set a $122.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Monday, May 18th. TheStreet upgraded shares of JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a research report on Tuesday, August 4th. Finally, Odeon Capital Group upgraded 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 report on Wednesday, May 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and sixteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $111.37.

NYSE JPM traded up $2.19 on Friday, hitting $103.52. 26,161,211 shares of the company were exchanged, compared to its average volume of 15,849,442. The company has a market cap of $315.49 billion, a PE ratio of 13.97, a PEG ratio of 3.47 and a beta of 1.16. JPMorgan Chase & Co. has a 12 month low of $76.91 and a 12 month high of $141.10. The stock has a fifty day moving average of $99.32 and a 200-day moving average of $99.13. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.35.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Tuesday, July 14th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.34 by $0.04. The business had revenue of $32.98 billion for 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 period in the prior year, the firm earned $2.82 earnings per share. On average, analysts expect that JPMorgan Chase & Co. will post 5.96 earnings per share for the current year.

About JPMorgan Chase & Co.

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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