Integris Wealth Management LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,088 shares of the financial services provider’s stock after selling 202 shares during the quarter. Integris Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $304,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in JPM. Cantor Fitzgerald Investment Advisor L.P lifted its holdings in shares of JPMorgan Chase & Co. by 81.1% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after buying an additional 99,636 shares in the last quarter. BCK Partners Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter worth about $2,455,000. LSV Asset Management lifted its holdings in shares of JPMorgan Chase & Co. by 35.6% in the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after buying an additional 9,800 shares in the last quarter. Wsfs Capital Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 70.8% in the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after buying an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1,451.4% in the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after buying an additional 3,527 shares in the last quarter. 68.94% of the stock is owned by hedge funds and other institutional investors.
JPMorgan Chase & Co. Stock Down 1.0 %
Shares of JPMorgan Chase & Co. stock opened at $145.73 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.90 and a current ratio of 0.90. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $159.38. The stock has a market capitalization of $423.50 billion, a price-to-earnings ratio of 9.38, a P/E/G ratio of 1.89 and a beta of 1.11. The company’s 50 day moving average price is $150.87 and its 200-day moving average price is $141.78.
JPMorgan Chase & Co. Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be paid a $1.05 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $4.20 dividend on an annualized basis and a yield of 2.88%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.74%.
Analyst Ratings Changes
JPM has been the topic of several research analyst reports. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 price objective on the stock in a research report on Friday, July 7th. Piper Sandler upped their price objective on shares of JPMorgan Chase & Co. from $158.00 to $168.00 in a research report on Monday, July 17th. 888 restated a “maintains” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 26th. Royal Bank of Canada restated an “outperform” rating and issued a $158.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, September 8th. Finally, Citigroup cut shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a research report on Wednesday, July 12th. Eight analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $167.21.
Insider Buying and Selling
In related news, General Counsel Stacey Friedman sold 4,310 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total value of $624,346.60. Following the completion of the sale, the general counsel now owns 53,425 shares of the company’s stock, valued at $7,739,145.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.79% of the stock is currently owned by 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.
Featured Articles
- Five stocks we like better than JPMorgan Chase & Co.
- Consumer Staples Stocks, Explained
- 3 Reasons This Sleeping Giant Is About To Wake Up
- How to Invest in Canada for Beginners
- MarketBeat Week in Review – 9/18 – 9/22
- NYSE Stocks Give Investors a Variety of Quality Options
- 52-week Low Names To Tip The Upside Scale In Your Favor
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.
