Lucia Wealth Services LLC Acquires 239 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Lucia Wealth Services LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,245 shares of the financial services provider’s stock after purchasing an additional 239 shares during the quarter. Lucia Wealth Services LLC’s holdings in JPMorgan Chase & Co. were worth $211,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. NuWave Investment Management LLC bought a new position in JPMorgan Chase & Co. during the second quarter valued at $30,000. Lion Street Advisors LLC bought a new position in JPMorgan Chase & Co. during the first quarter valued at $37,000. Horan Securities Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth about $45,000. Efficient Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth about $51,000. Finally, Larson Financial Group LLC lifted its holdings in shares of JPMorgan Chase & Co. by 217.6% in the 1st quarter. Larson Financial Group LLC now owns 597 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 409 shares during the last quarter. Institutional investors and hedge funds own 71.35% of the company’s stock.

NYSE JPM opened at $96.64 on Friday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.89 and a current ratio of 0.88. The company has a market capitalization of $295.62 billion, a price-to-earnings ratio of 13.04, a price-to-earnings-growth ratio of 3.25 and a beta of 1.19. The company’s 50-day simple moving average is $96.77 and its two-hundred day simple moving average is $105.48. JPMorgan Chase & Co. has a one year low of $76.91 and a one year high of $141.10.

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

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Monday, July 6th were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend was Thursday, July 2nd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 34.35%.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 24,554 shares of the firm’s stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total transaction of $2,443,614.08. Company insiders own 0.78% of the company’s stock.

Several equities research analysts have recently issued reports on the stock. Piper Sandler lowered their target price on shares of JPMorgan Chase & Co. from $149.00 to $115.00 and set an “overweight” rating for the company in a report on Friday, April 3rd. Berenberg Bank raised their target price on shares of JPMorgan Chase & Co. from $77.00 to $80.00 and gave the stock a “sell” rating in a report on Monday, July 20th. Odeon Capital Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $105.75 target price for the company in a report on Wednesday, May 20th. ValuEngine upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Thursday, April 9th. Finally, Societe Generale upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “buy” rating in a report on Tuesday, April 14th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have assigned a buy rating to the company. JPMorgan Chase & Co. has a consensus rating of “Buy” and an average price target of $110.89.

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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