Bouchey Financial Group Ltd decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.9% during the first quarter, HoldingsChannel reports. The institutional investor owned 8,133 shares of the financial services provider’s stock after selling 240 shares during the period. Bouchey Financial Group Ltd’s holdings in JPMorgan Chase & Co. were worth $1,109,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Landmark Wealth Management LLC purchased a new position in JPMorgan Chase & Co. in the 1st quarter valued at $46,000. Evolution Advisers Inc. purchased a new position in JPMorgan Chase & Co. in the 4th quarter valued at $52,000. Leverty Financial Group LLC purchased a new position in JPMorgan Chase & Co. in the 4th quarter valued at $54,000. Delos Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 13,433.3% in the 4th quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 403 shares in the last quarter. Finally, Bromfield Sneider Wealth Advisors purchased a new position in JPMorgan Chase & Co. in the 1st quarter valued at $76,000. Hedge funds and other institutional investors own 70.35% of the company’s stock.
Wall Street Analyst Weigh In
JPM has been the topic of a number of research reports. Oppenheimer decreased their price objective on JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating on the stock in a report on Friday, July 15th. Citigroup upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $145.00 to $135.00 in a report on Tuesday, July 12th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $148.00 price target (up previously from $142.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 24th. Societe Generale upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $145.00 to $150.00 in a report on Tuesday, May 24th. Finally, Royal Bank of Canada reduced their price target on JPMorgan Chase & Co. to $130.00 in a report on Thursday, July 14th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average price target of $145.95.
JPMorgan Chase & Co. Stock Up 3.0 %
Shares of NYSE:JPM opened at $115.76 on Monday. The business has a 50-day moving average price of $116.99 and a 200 day moving average price of $129.20. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $339.99 billion, a price-to-earnings ratio of 9.29, a PEG ratio of 2.07 and a beta of 1.12. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, meeting the consensus estimate of $2.76. The company had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. JPMorgan Chase & Co.’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.78 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 11.21 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th were given a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.46%. The ex-dividend date was Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.10%.
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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.
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