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Lyell Wealth Management LP Has $11.58 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

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Lyell Wealth Management LP reduced its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 84,942 shares of the financial services provider’s stock after selling 655 shares during the quarter. JPMorgan Chase & Co. comprises about 1.5% of Lyell Wealth Management LP’s portfolio, making the stock its 17th largest holding. Lyell Wealth Management LP’s holdings in JPMorgan Chase & Co. were worth $11,579,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in JPM. Landmark Wealth Management LLC acquired a new position in JPMorgan Chase & Co. in the 1st quarter valued at approximately $46,000. Evolution Advisers Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $52,000. Leverty Financial Group LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $54,000. Delos Wealth Advisors LLC lifted its position 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 valued at $64,000 after acquiring an additional 403 shares during the period. Finally, Bromfield Sneider Wealth Advisors acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter valued at $76,000. 70.35% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Price Performance

JPM opened at $115.36 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. The stock has a market capitalization of $338.82 billion, a P/E ratio of 9.26, a P/E/G ratio of 2.05 and a beta of 1.15. The company’s 50-day simple moving average is $118.40 and its two-hundred day simple moving average is $130.84. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted 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. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The business had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $31.82 billion. During the same quarter in the prior year, the business earned $3.78 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, analysts predict that JPMorgan Chase & Co. will post 11.23 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, July 31st. Investors of record on Wednesday, July 6th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.47%. The ex-dividend date of this dividend is Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is 32.10%.

Analyst Ratings Changes

A number of brokerages have weighed in on JPM. Evercore ISI cut their target price on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research report on Friday, July 15th. Credit Suisse Group cut their target price on shares of JPMorgan Chase & Co. from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, July 15th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $148.00 target price (up previously from $142.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 24th. Jefferies Financial Group lowered their price target on shares of JPMorgan Chase & Co. from $137.00 to $126.00 and set a “hold” rating on the stock in a report on Monday, July 11th. Finally, Royal Bank of Canada lowered their price target on shares of 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 issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Hold” and an average price target of $145.95.

About JPMorgan Chase & Co.

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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.

Further Reading

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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