Clarus Wealth Advisors decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,845 shares of the financial services provider’s stock after selling 101 shares during the period. Clarus Wealth Advisors’ holdings in JPMorgan Chase & Co. were worth $235,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in JPM. Mercer Global Advisors Inc. ADV increased its position in JPMorgan Chase & Co. by 11.3% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 336,522 shares of the financial services provider’s stock valued at $45,128,000 after acquiring an additional 34,068 shares in the last quarter. Argus Investors Counsel Inc. raised its position in shares of JPMorgan Chase & Co. by 0.6% during the fourth quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock worth $3,256,000 after acquiring an additional 149 shares during the last quarter. Hixon Zuercher LLC raised its position in shares of JPMorgan Chase & Co. by 0.8% during the fourth quarter. Hixon Zuercher LLC now owns 34,276 shares of the financial services provider’s stock worth $4,596,000 after acquiring an additional 264 shares during the last quarter. Athena Investment Management raised its position in shares of JPMorgan Chase & Co. by 0.9% during the fourth quarter. Athena Investment Management now owns 28,247 shares of the financial services provider’s stock worth $3,788,000 after acquiring an additional 244 shares during the last quarter. Finally, Watershed Private Wealth LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $419,000. Institutional investors own 70.10% of the company’s stock.
Analyst Ratings Changes
JPM has been the subject of a number of recent research reports. The Goldman Sachs Group boosted their target price on JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. Barclays cut their price objective on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating on the stock in a report on Wednesday, April 12th. Jefferies Financial Group cut their price objective on shares of JPMorgan Chase & Co. from $152.00 to $149.00 in a report on Monday, May 15th. Evercore ISI cut their price objective on shares of JPMorgan Chase & Co. from $155.00 to $151.00 in a report on Friday, May 12th. Finally, BMO Capital Markets raised their target price on JPMorgan Chase & Co. from $169.00 to $170.00 in a report on Tuesday, May 2nd. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average target price of $157.65.
Insider Activity at JPMorgan Chase & Co.
JPMorgan Chase & Co. Stock Performance
Shares of NYSE JPM opened at $142.38 on Thursday. The stock has a 50 day moving average price of $138.50 and a 200 day moving average price of $136.39. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $144.34. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $416.08 billion, a PE ratio of 10.51, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.69. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The company had revenue of $38.35 billion during the quarter, compared to the consensus estimate of $35.77 billion. During the same quarter last year, the firm posted $2.63 EPS. The company’s quarterly revenue was up 24.8% on a year-over-year basis. Analysts predict that JPMorgan Chase & Co. will post 14.35 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.
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, 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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