Wealth Quarterback LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,054 shares of the financial services provider’s stock after selling 115 shares during the quarter. Wealth Quarterback LLC’s holdings in JPMorgan Chase & Co. were worth $299,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nordwand Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 1st quarter valued at $30,000. Sageworth Trust Co grew its holdings in shares of JPMorgan Chase & Co. by 266.7% during the 1st quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 296 shares during the period. Robbins Farley raised its position in shares of JPMorgan Chase & Co. by 54.2% in the 1st quarter. Robbins Farley now owns 475 shares of the financial services provider’s stock worth $62,000 after acquiring an additional 167 shares in the last quarter. Miller Wealth Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $67,000. Finally, Guardian Wealth Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $70,000. 68.94% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several brokerages have commented on JPM. BMO Capital Markets raised their price objective on JPMorgan Chase & Co. from $167.00 to $171.00 and gave the company a “market perform” rating in a research report on Monday, October 16th. StockNews.com began coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. Evercore ISI raised their price target on shares of JPMorgan Chase & Co. from $158.00 to $167.00 in a research report on Thursday, October 5th. Odeon Capital Group cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a research report on Thursday, November 2nd. Finally, HSBC began coverage on JPMorgan Chase & Co. in a report on Thursday, September 7th. They issued a “hold” rating and a $159.00 target price for the company. Nine equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $168.80.
JPMorgan Chase & Co. Stock Performance
NYSE JPM opened at $153.29 on Tuesday. The business has a 50-day moving average price of $145.23 and a 200-day moving average price of $145.34. The firm has a market cap of $443.16 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 1.80 and a beta of 1.12. JPMorgan Chase & Co. has a twelve month low of $123.11 and a twelve month high of $159.38. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.25.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings data on Friday, October 13th. The financial services provider reported $4.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.95 by $0.38. The firm had revenue of $40.69 billion for the quarter, compared to analysts’ expectations of $39.63 billion. JPMorgan Chase & Co. had a net margin of 22.79% and a return on equity of 17.97%. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same quarter last year, the business posted $3.12 earnings per share. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 16.67 EPS for the current fiscal year.
JPMorgan Chase & Co. Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 6th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 2.74%. The ex-dividend date was Thursday, October 5th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. JPMorgan Chase & Co.’s payout ratio is currently 25.07%.
Insider Buying and Selling at JPMorgan Chase & Co.
In other news, General Counsel Stacey Friedman sold 4,310 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total transaction of $624,346.60. Following the transaction, the general counsel now owns 53,425 shares of the company’s stock, valued at approximately $7,739,145.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.79% of the stock is owned by company insiders.
JPMorgan Chase & Co. Company 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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.
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