Sonata Capital Group Inc. Decreases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Sonata Capital Group Inc. decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 4.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 11,446 shares of the financial services provider’s stock after selling 500 shares during the period. JPMorgan Chase & Co. makes up approximately 1.2% of Sonata Capital Group Inc.’s investment portfolio, making the stock its 21st largest position. Sonata Capital Group Inc.’s holdings in JPMorgan Chase & Co. were worth $2,315,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Retirement Group LLC raised its position in shares of JPMorgan Chase & Co. by 227.1% during the 1st quarter. Retirement Group LLC now owns 157 shares of the financial services provider’s stock valued at $31,000 after buying an additional 109 shares during the period. Richardson Capital Management LLC acquired a new stake in JPMorgan Chase & Co. during the first quarter worth $34,000. Bare Financial Services Inc acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth $35,000. Partnership Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $36,000. Finally, Davidson Capital Management Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter valued at $37,000. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays raised their price objective on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. BMO Capital Markets lifted their price target on shares of JPMorgan Chase & Co. from $195.00 to $205.00 and gave the company a “market perform” rating in a research report on Thursday, July 11th. Wolfe Research lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th. Citigroup increased their price objective on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Finally, UBS Group upped their price target on JPMorgan Chase & Co. from $219.00 to $224.00 and gave the stock a “buy” rating in a research note on Tuesday, May 21st. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $205.71.

Insider Buying and Selling 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 stock was sold at an average price of $199.54, for a total transaction of $1,014,860.44. Following the completion of the transaction, the insider now directly 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 is available at this hyperlink. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Up 1.2 %

JPM stock opened at $224.80 on Monday. The company’s 50 day moving average price is $209.28 and its 200 day moving average price is $198.79. The firm has a market capitalization of $645.55 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 2.62 and a beta of 1.12. JPMorgan Chase & Co. has a fifty-two week low of $135.19 and a fifty-two week high of $225.48. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.91.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS 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 company had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. During the same quarter in the previous year, the business posted $4.37 EPS. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 16.78 EPS 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 (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.