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JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Modera Wealth Management LLC

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Modera Wealth Management LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 49.6% during the first quarter, HoldingsChannel.com reports. The firm owned 20,018 shares of the financial services provider’s stock after selling 19,717 shares during the period. Modera Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,729,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Clarity Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 10.2% in the 1st quarter. Clarity Wealth Advisors LLC now owns 20,997 shares of the financial services provider’s stock valued at $2,862,000 after acquiring an additional 1,944 shares during the last quarter. Financial Strategies Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 20.0% in the 1st quarter. Financial Strategies Group Inc. now owns 5,500 shares of the financial services provider’s stock valued at $750,000 after acquiring an additional 916 shares during the last quarter. Alpha Omega Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.5% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 37,664 shares of the financial services provider’s stock valued at $5,134,000 after acquiring an additional 557 shares during the last quarter. Landmark Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at approximately $46,000. Finally, HMS Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 3.0% in the 1st quarter. HMS Capital Management LLC now owns 7,472 shares of the financial services provider’s stock valued at $1,019,000 after acquiring an additional 217 shares during the last quarter. 70.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently commented on JPM shares. Wells Fargo & Company lowered their price objective on JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating for the company in a research note on Thursday, July 14th. Evercore ISI lowered their price objective on JPMorgan Chase & Co. from $135.00 to $125.00 in a research note on Friday, July 15th. StockNews.com started coverage on JPMorgan Chase & Co. in a research note on Thursday, March 31st. They set a “hold” rating for the company. BMO Capital Markets upped their price objective on JPMorgan Chase & Co. from $150.00 to $156.00 in a research note on Tuesday, May 24th. Finally, Piper Sandler lowered their price objective on JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating for the company in a research note on Friday, July 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $145.95.

JPMorgan Chase & Co. Trading Down 0.4 %

Shares of JPMorgan Chase & Co. stock opened at $114.81 on Friday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.14. The firm has a market cap of $337.20 billion, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 2.05 and a beta of 1.15. The business has a fifty day simple moving average of $118.44 and a 200-day simple moving average of $131.46. JPMorgan Chase & Co. has a fifty-two week low of $106.06 and a fifty-two week 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 EPS for the quarter, meeting the consensus estimate of $2.76. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The business had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $31.82 billion. During the same period in the prior year, the business posted $3.78 earnings per share. JPMorgan Chase & Co.’s revenue was up .8% compared to the same quarter last year. On average, equities analysts forecast that JPMorgan Chase & Co. will post 11.23 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is 32.10%.

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.

See Also

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMGet Rating).

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