McNaughton Wealth Management LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 2.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,294 shares of the financial services provider’s stock after selling 148 shares during the quarter. McNaughton Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $690,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Retirement Financial Solutions LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $26,000. Creative Capital Management Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $30,000. Adirondack Retirement Specialists Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 510.8% in the first quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 189 shares during the period. Boulder Wealth Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $43,000. Finally, Capital Directions Investment Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $44,000. 70.10% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research firms have recently weighed in on JPM. StockNews.com began coverage on JPMorgan Chase & Co. in a report on Thursday, May 18th. They issued a “hold” rating for the company. Barclays cut their price target on JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating for the company in a research note on Wednesday, April 12th. Credit Suisse Group upped their price target on JPMorgan Chase & Co. from $155.00 to $160.00 in a research note on Tuesday, April 18th. Odeon Capital Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. Finally, 92 Resources restated a “maintains” rating on shares of JPMorgan Chase & Co. in a research note on Friday, May 12th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $157.65.
Insider Transactions at JPMorgan Chase & Co.
JPMorgan Chase & Co. Price Performance
JPMorgan Chase & Co. stock opened at $138.85 on Friday. JPMorgan Chase & Co. has a one year low of $101.28 and a one year 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 business has a fifty day moving average of $138.71 and a two-hundred day moving average of $136.50. The company has a market cap of $405.76 billion, a P/E ratio of 10.25, a price-to-earnings-growth ratio of 2.00 and a beta of 1.10.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released 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. The business had revenue of $38.35 billion during the quarter, compared to the consensus estimate of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The business’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.63 EPS. As a group, analysts predict that JPMorgan Chase & Co. will post 14.35 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.
JPMorgan Chase & Co. 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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