Paulson Wealth Management Inc. Sells 80 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Paulson Wealth Management Inc. decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,920 shares of the financial services provider’s stock after selling 80 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.6% of Paulson Wealth Management Inc.’s portfolio, making the stock its 26th largest holding. Paulson Wealth Management Inc.’s holdings in JPMorgan Chase & Co. were worth $2,006,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Retirement Group LLC raised its position in shares of JPMorgan Chase & Co. by 227.1% in the first quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 109 shares during the period. Richardson Capital Management LLC bought a new position in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $34,000. Davidson Capital Management Inc. bought a new position in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $37,000. Kathleen S. Wright Associates Inc. bought a new position in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $40,000. Finally, Bare Financial Services Inc bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $35,000. Institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 5,086 shares of the company’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $199.54, for a total value of $1,014,860.44. Following the sale, the insider now owns 212,265 shares of the company’s stock, valued at approximately $42,355,358.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Up 0.5 %

JPM opened at $220.18 on Wednesday. The firm’s 50-day simple moving average is $207.29 and its 200-day simple moving average is $197.47. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.92 and a current ratio of 0.91. JPMorgan Chase & Co. has a twelve month low of $135.19 and a twelve month high of $220.42. The firm has a market cap of $632.28 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 2.42 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, topping the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The business had revenue of $50.80 billion for the quarter, compared to analyst estimates of $42.23 billion. During the same quarter in the prior year, the firm earned $4.37 EPS. Equities research analysts anticipate that JPMorgan Chase & Co. will post 16.78 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms recently commented on JPM. Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the company a “market perform” rating in a research note on Tuesday, July 9th. Citigroup upped their target price on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the company a “neutral” rating in a research note on Monday, July 15th. Morgan Stanley upped their target price on shares of JPMorgan Chase & Co. from $221.00 to $226.00 and gave the company an “overweight” rating in a research note on Tuesday, July 30th. Wells Fargo & Company upped their target price on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the company an “overweight” rating in a research note on Monday, July 15th. Finally, Evercore ISI upped their target price on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the company an “outperform” rating in a research note on Monday, July 15th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $205.71.

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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.