Curbstone Financial Management Corp Trims Position in JPMorgan Chase & Co. (JPM)

Curbstone Financial Management Corp lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,888 shares of the financial services provider’s stock after selling 900 shares during the quarter. Curbstone Financial Management Corp’s holdings in JPMorgan Chase & Co. were worth $2,593,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. SevenBridge Financial Group LLC grew its holdings in JPMorgan Chase & Co. by 1.4% during the first quarter. SevenBridge Financial Group LLC now owns 32,749 shares of the financial services provider’s stock valued at $3,517,000 after purchasing an additional 459 shares during the period. Sunbelt Securities Inc. grew its holdings in JPMorgan Chase & Co. by 3.4% during the first quarter. Sunbelt Securities Inc. now owns 13,919 shares of the financial services provider’s stock valued at $1,531,000 after purchasing an additional 462 shares during the period. Cadence Bank NA grew its holdings in JPMorgan Chase & Co. by 0.9% during the first quarter. Cadence Bank NA now owns 54,679 shares of the financial services provider’s stock valued at $6,013,000 after purchasing an additional 467 shares during the period. Nwam LLC grew its holdings in JPMorgan Chase & Co. by 3.1% during the fourth quarter. Nwam LLC now owns 15,738 shares of the financial services provider’s stock valued at $1,683,000 after purchasing an additional 470 shares during the period. Finally, Ibex Wealth Advisors grew its holdings in JPMorgan Chase & Co. by 1.0% during the fourth quarter. Ibex Wealth Advisors now owns 49,264 shares of the financial services provider’s stock valued at $5,345,000 after purchasing an additional 490 shares during the period. Institutional investors own 70.72% of the company’s stock.

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

Several analysts have issued reports on JPM shares. UBS Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. BMO Capital Markets boosted their price target on JPMorgan Chase & Co. from $110.00 to $118.00 and gave the company a “market perform” rating in a report on Monday, July 16th. DZ Bank raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Goldman Sachs Group reaffirmed a “neutral” rating and issued a $124.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 16th. Finally, Keefe, Bruyette & Woods reaffirmed a “$111.53” rating and issued a $127.00 price objective on shares of JPMorgan Chase & Co. in a research note on Wednesday, July 18th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and fourteen have given a buy rating to the company. JPMorgan Chase & Co. currently has an average rating of “Buy” and an average price target of $120.23.

NYSE JPM opened at $113.52 on Friday. The stock has a market capitalization of $392.72 billion, a PE ratio of 16.52, a price-to-earnings-growth ratio of 1.88 and a beta of 1.16. The company has a debt-to-equity ratio of 1.18, a current ratio of 1.01 and a quick ratio of 1.01. JPMorgan Chase & Co. has a twelve month low of $90.74 and a twelve month high of $119.33.

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

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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