Account Management LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE: JPM) by 9.3% during the first quarter, according to its latest filing with the Securities and Exchange Commission. The institutional investor held 31,127 shares of the financial services provider after purchasing an additional 2,650 shares during the quarter. JPMorgan Chase & Co. owns 4.2% of Account Management LLC’s holdings, making the stock its 8th largest position. Account Management LLC’s holdings in JPMorgan Chase & Co. were worth $4,243,000 when it last filed with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also recently increased or reduced their stake in JPM. Joseph Group Capital Management bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $1,353,000. Evolution Advisers Inc. bought a new stake in JPMorgan Chase & Co. in Q4 valued at $52,000. Leverty Financial Group LLC bought a new stake in JPMorgan Chase & Co. in Q4 for $54,000. Delos Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. by 13,433.3% in the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider valued at $64,000 after purchasing an additional 403 shares during the period. Finally, Landmark Wealth Management LLC purchased a new equity stake in JPMorgan Chase & Co. in Q1 worth approximately $46,000. 70.35% of the shares are held by hedge funds and other institutional investors.
Wall Street analysts predict growth
JPM has been the subject of several analyst reports. Oppenheimer lowered his price target on JPMorgan Chase & Co. stock from $154.00 to $153.00 and set an “outperform” rating on the stock in a Friday, July 15 report. BMO Capital Markets raised its price target on JPMorgan Chase & Co. shares from $150.00 to $156.00 in a Tuesday, May 24 research report. Evercore ISI lowered its price target on JPMorgan Chase & Co. shares from $135.00 to $125.00 in a Friday, July 15 research report. Goldman Sachs Group has set a price target of $151.00 on JPMorgan Chase & Co. shares and assigned the stock a “buy” rating in a Thursday, April 14 research report. Finally, Argus lowered its price target on JPMorgan Chase & Co. shares from $177.00 to $155.00 in a Thursday, April 14 research report. A research analyst rated the stock with a sell rating, eight gave the stock a hold rating, and nine gave the stock a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $145.95.
Price performance of JPMorgan Chase & Co.
NYSE JPM opened at $115.22 on Tuesday. The company has a 50-day simple moving average of $118.78 and a 200-day simple moving average of $132.07. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96. The company has a debt ratio of 1.14, a quick ratio of 0.82 and a current ratio of 0.83. The stock has a market capitalization of $338.41 billion, a price-earnings ratio of 9.25, a PEG ratio of 2.04 and a beta of 1.15.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its results on Thursday, July 14. The financial services provider reported earnings per share (EPS) of $2.76 for the quarter, meeting analyst consensus estimates of $2.76. JPMorgan Chase & Co. achieved a return on equity of 15.29% and a net margin of 30.41%. The company posted revenue of $30.72 billion in the quarter, compared to $31.82 billion expected by analysts. During the same period of the previous year, the company achieved EPS of $3.78. JPMorgan Chase & Co.’s revenue for the quarter increased 0.8% from the same quarter last year. Analysts expect JPMorgan Chase & Co. to post earnings per share of 11.24 for the current fiscal year.
JPMorgan Chase & Co. announces dividend
The company also recently declared a quarterly dividend, which will be paid on Sunday, July 31. Shareholders of record on Wednesday, July 6 will receive a dividend of $1.00 per share. The ex-dividend date is Tuesday, July 5. This represents an annualized dividend of $4.00 and a dividend yield of 3.47%. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.10%.
About JPMorgan Chase & Co.
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JPMorgan Chase & Co operates as a worldwide financial services company. 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 consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.
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