Boyd Wealth Management LLC reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 13.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,527 shares of the financial services provider’s stock after selling 241 shares during the quarter. Boyd Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $208,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Landmark Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $46,000. Evolution Advisers Inc. bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $52,000. Leverty Financial Group LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $54,000. Delos Wealth Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 13,433.3% during the 4th quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 403 shares during the period. Finally, Bromfield Sneider Wealth Advisors bought a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $76,000. 70.35% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
JPM has been the subject of several research reports. Jefferies Financial Group dropped their price target on JPMorgan Chase & Co. from $137.00 to $126.00 and set a “hold” rating for the company in a report on Monday, July 11th. Barclays set a $200.00 price target on JPMorgan Chase & Co. in a report on Monday, July 18th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $148.00 price target (up from $142.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 24th. 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. Finally, Morgan Stanley dropped their price target on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average price target of $145.95.
JPMorgan Chase & Co. Price Performance
JPMorgan Chase & Co. stock opened at $114.76 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.82 and a current ratio of 0.83. JPMorgan Chase & Co. has a 52 week low of $106.06 and a 52 week high of $172.96. The stock has a market capitalization of $337.06 billion, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 2.05 and a beta of 1.15. The stock has a fifty day moving average of $118.84 and a 200-day moving average of $132.67.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.76. The business had revenue of $30.72 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.78 EPS. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 11.24 earnings per share for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Investors of record on Wednesday, July 6th will be given a dividend of $1.00 per share. The ex-dividend date is Tuesday, July 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.49%. 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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