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B & T Capital Management DBA Alpha Capital Management Buys 1,649 Shares of JPMorgan Chase & Co. (NYSE:JPM)

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B & T Capital Management DBA Alpha Capital Management raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 46,100 shares of the financial services provider’s stock after purchasing an additional 1,649 shares during the period. JPMorgan Chase & Co. accounts for about 1.4% of B & T Capital Management DBA Alpha Capital Management’s investment portfolio, making the stock its 20th biggest holding. B & T Capital Management DBA Alpha Capital Management’s holdings in JPMorgan Chase & Co. were worth $6,284,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of JPM. KLCM Advisors Inc. raised its position in JPMorgan Chase & Co. by 0.5% during the fourth quarter. KLCM Advisors Inc. now owns 12,800 shares of the financial services provider’s stock valued at $2,027,000 after purchasing an additional 69 shares during the period. Hurlow Wealth Management Group Inc. raised its position in JPMorgan Chase & Co. by 1.1% during the fourth quarter. Hurlow Wealth Management Group Inc. now owns 6,166 shares of the financial services provider’s stock valued at $793,000 after purchasing an additional 69 shares during the period. Bigelow Investment Advisors LLC raised its position in JPMorgan Chase & Co. by 1.0% during the fourth quarter. Bigelow Investment Advisors LLC now owns 6,886 shares of the financial services provider’s stock valued at $1,090,000 after purchasing an additional 69 shares during the period. Valley Brook Capital Group Inc. raised its position in JPMorgan Chase & Co. by 0.4% during the fourth quarter. Valley Brook Capital Group Inc. now owns 18,319 shares of the financial services provider’s stock valued at $2,900,000 after purchasing an additional 70 shares during the period. Finally, Cable Hill Partners LLC raised its position in JPMorgan Chase & Co. by 1.2% during the fourth quarter. Cable Hill Partners LLC now owns 6,063 shares of the financial services provider’s stock valued at $960,000 after purchasing an additional 70 shares during the period. Institutional investors own 70.35% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.0 %

Shares of NYSE JPM opened at $114.54 on Thursday. 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 stock has a market capitalization of $336.41 billion, a PE ratio of 9.19, a price-to-earnings-growth ratio of 1.99 and a beta of 1.15. The stock’s fifty day simple moving average is $118.98 and its two-hundred day simple moving average is $133.58. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.76. The business had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $3.78 EPS. As a group, analysts expect that JPMorgan Chase & Co. will post 11.24 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $4.00 annualized dividend and a yield of 3.49%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.10%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on JPM shares. 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 research report on Friday, July 15th. Barclays set a $200.00 price target on JPMorgan Chase & Co. in a report on Monday. The Goldman Sachs Group set a $151.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Thursday, April 14th. Berenberg Bank upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price target on the stock in a report on Monday. Finally, Evercore ISI reduced their price target on JPMorgan Chase & Co. from $135.00 to $125.00 in a report on Friday, July 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and an average price target of $145.95.

JPMorgan Chase & Co. Profile

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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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