1900 Wealth Management LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.2% in the second quarter, according to its most recent filing with the SEC. The fund owned 41,952 shares of the financial services provider’s stock after selling 104 shares during the period. 1900 Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $6,102,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Adirondack Retirement Specialists Inc. raised its position in JPMorgan Chase & Co. by 510.8% in the 1st quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 189 shares during the period. Nordwand Advisors LLC purchased a new position in JPMorgan Chase & Co. in the 1st quarter worth $30,000. Boulder Wealth Advisors LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter worth $43,000. Sageworth Trust Co raised its position in JPMorgan Chase & Co. by 266.7% in the 1st quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 296 shares during the period. Finally, Aspire Private Capital LLC purchased a new position in JPMorgan Chase & Co. in the 1st quarter worth $54,391,133,000. 68.94% of the stock is owned by institutional investors.
JPMorgan Chase & Co. Stock Down 0.2 %
JPM stock opened at $144.77 on Tuesday. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $159.38. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.28. The firm has a market cap of $420.71 billion, a PE ratio of 9.32, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10. The business has a 50 day moving average of $148.40 and a 200 day moving average of $143.00.
JPMorgan Chase & Co. Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be given a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Thursday, October 5th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.03%.
Insider Activity at JPMorgan Chase & Co.
In related news, General Counsel Stacey Friedman sold 4,310 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total transaction of $624,346.60. Following the completion of the transaction, the general counsel now owns 53,425 shares of the company’s stock, valued at approximately $7,739,145.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.79% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on the stock. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 target price on the stock in a research report on Friday, July 7th. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Citigroup cut shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 target price on the stock. in a research report on Wednesday, July 12th. Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $179.00 to $182.00 in a research report on Sunday, July 16th. Finally, Atlantic Securities boosted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $160.00 and gave the company a “neutral” rating in a research report on Tuesday, August 1st. Eight investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $168.26.
Get Our Latest Report on JPMorgan Chase & Co.
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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