Strategic Wealth Investment Group LLC trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 76.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,915 shares of the financial services provider’s stock after selling 44,721 shares during the period. JPMorgan Chase & Co. makes up about 1.6% of Strategic Wealth Investment Group LLC’s portfolio, making the stock its 20th biggest position. Strategic Wealth Investment Group LLC’s holdings in JPMorgan Chase & Co. were worth $8,546,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV lifted its stake in shares of 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 purchasing an additional 34,068 shares during the period. Argus Investors Counsel Inc. lifted its stake in shares of JPMorgan Chase & Co. by 0.6% in the 4th quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock valued at $3,256,000 after purchasing an additional 149 shares during the period. Hixon Zuercher LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.8% in the 4th quarter. Hixon Zuercher LLC now owns 34,276 shares of the financial services provider’s stock valued at $4,596,000 after purchasing an additional 264 shares during the period. Crew Capital Management Ltd. lifted its stake in shares of JPMorgan Chase & Co. by 7.2% in the 1st quarter. Crew Capital Management Ltd. now owns 6,286 shares of the financial services provider’s stock valued at $819,000 after purchasing an additional 424 shares during the period. Finally, CHURCHILL MANAGEMENT Corp lifted its stake in shares of JPMorgan Chase & Co. by 3.4% in the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 29,711 shares of the financial services provider’s stock valued at $3,872,000 after purchasing an additional 984 shares during the period. 70.10% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a research note on Monday, April 17th. Jefferies Financial Group cut their price target on shares of JPMorgan Chase & Co. from $152.00 to $149.00 in a report on Monday, May 15th. Odeon Capital Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Monday, May 1st. Bank of America boosted their price target on shares of JPMorgan Chase & Co. from $152.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, April 17th. Finally, 92 Resources reissued a “maintains” rating on shares of JPMorgan Chase & Co. in a report on Friday, May 12th. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $157.35.
Insider Buying and Selling at JPMorgan Chase & Co.
JPMorgan Chase & Co. Trading Down 1.0 %
Shares of JPM opened at $143.21 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $147.48. The firm has a 50-day moving average price of $139.36 and a 200 day moving average price of $137.14. The firm has a market capitalization of $418.50 billion, a P/E ratio of 10.57, a P/E/G ratio of 2.02 and a beta of 1.10.
JPMorgan Chase & Co. (NYSE:JPM – Free Report) last announced its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 earnings per share (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 firm had revenue of $38.35 billion during the quarter, compared to analyst estimates of $35.77 billion. During the same quarter in the prior year, the firm posted $2.63 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 24.8% on a year-over-year basis. Sell-side analysts forecast that JPMorgan Chase & Co. will post 14.54 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be given a $1.00 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 dividend on an annualized basis and a yield of 2.79%. JPMorgan Chase & Co.’s payout ratio is currently 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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