Integris Wealth Management LLC Buys New Shares in JPMorgan Chase & Co. (NYSE:JPM)

Integris Wealth Management LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,165 shares of the financial services provider’s stock, valued at approximately $290,000.

Several other institutional investors have also recently added to or reduced their stakes in JPM. Retirement Financial Solutions LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $26,000. Creative Capital Management Investments LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $30,000. Capital Directions Investment Advisors LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $44,000. VitalStone Financial LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $58,000. Finally, Marshall & Sullivan Inc. WA acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $60,000. 67.89% of the stock is currently owned by institutional investors and hedge funds.

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JPMorgan Chase & Co. Trading Up 0.2 %

Shares of NYSE JPM opened at $137.07 on Tuesday. The company has a market cap of $400.56 billion, a price-to-earnings ratio of 10.12, a price-to-earnings-growth ratio of 1.91 and a beta of 1.10. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $144.34. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 1.07. The stock’s 50 day simple moving average is $133.95 and its 200 day simple moving average is $134.73.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.69. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The business had revenue of $38.35 billion for the quarter, compared to the consensus estimate of $35.77 billion. During the same quarter last year, the business posted $2.63 EPS. The business’s revenue was up 24.8% on a year-over-year basis. Equities research analysts expect that JPMorgan Chase & Co. will post 14.33 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, April 30th. Investors of record on Thursday, April 6th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.52%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on JPM. The Goldman Sachs Group increased their target price on JPMorgan Chase & Co. from $160.00 to $172.00 in a research note on Friday, April 14th. StockNews.com began coverage on JPMorgan Chase & Co. in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Odeon Capital Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. UBS Group set a $156.00 price target on JPMorgan Chase & Co. in a report on Friday, January 13th. Finally, Barclays reduced their price target on JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating for the company in a report on Wednesday, April 12th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $155.00.

JPMorgan Chase & Co. Profile

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JPMorgan Chase & Co is a financial holding company, which engages in providing 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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