Melqart Asset Management UK Ltd Decreases Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Melqart Asset Management UK Ltd lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 53.1% during the first quarter, Holdings Channel reports. The firm owned 23,493 shares of the financial services provider’s stock after selling 26,617 shares during the quarter. Melqart Asset Management UK Ltd’s holdings in JPMorgan Chase & Co. were worth $3,555,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of JPM. Retirement Group LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $29,000. Tower View Investment Management & Research LLC increased its position in shares of JPMorgan Chase & Co. by 71.8% during the first quarter. Tower View Investment Management & Research LLC now owns 225 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 94 shares in the last quarter. Bellwether Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 288.3% during the first quarter. Bellwether Advisors LLC now owns 365 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 271 shares in the last quarter. Valley Forge Investment Consultants Inc. ADV increased its position in shares of JPMorgan Chase & Co. by 20.6% during the first quarter. Valley Forge Investment Consultants Inc. ADV now owns 451 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 77 shares in the last quarter. Finally, Goodwin Investment Advisory acquired a new stake in shares of JPMorgan Chase & Co. during the first quarter worth about $70,000. Institutional investors and hedge funds own 70.38% of the company’s stock.

A number of research firms have recently commented on JPM. Jefferies Financial Group lifted their target price on JPMorgan Chase & Co. from $157.00 to $177.00 and gave the stock a “buy” rating in a research report on Friday, April 9th. Atlantic Securities restated a “neutral” rating and issued a $150.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, May 3rd. Keefe, Bruyette & Woods started coverage on JPMorgan Chase & Co. in a research report on Wednesday, July 7th. They issued a “market perform” rating and a $167.00 price target on the stock. BMO Capital Markets boosted their price target on JPMorgan Chase & Co. from $136.00 to $141.00 and gave the company a “market perform” rating in a research report on Wednesday, July 14th. Finally, The Goldman Sachs Group set a $182.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Friday, June 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $166.12.

NYSE JPM traded down $2.07 on Thursday, hitting $150.79. 453,838 shares of the company’s stock were exchanged, compared to its average volume of 14,213,277. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 1.18. The firm has a 50-day moving average price of $157.92. JPMorgan Chase & Co. has a fifty-two week low of $91.38 and a fifty-two week high of $167.44. The stock has a market cap of $456.46 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth ratio of 2.13 and a beta of 1.19.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Monday, July 12th. The financial services provider reported $3.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.09 by $0.69. JPMorgan Chase & Co. had a return on equity of 19.26% and a net margin of 37.71%. The company had revenue of $30.50 billion for the quarter, compared to analysts’ expectations of $29.71 billion. During the same quarter in the previous year, the firm posted $1.38 EPS. The firm’s quarterly revenue was down 7.9% on a year-over-year basis. As a group, equities analysts expect that JPMorgan Chase & Co. will post 14.06 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, July 31st. Stockholders of record on Tuesday, July 6th will be paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 2.39%. The ex-dividend date is Friday, July 2nd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 40.54%.

About JPMorgan Chase & Co.

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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