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Waldron Private Wealth LLC Acquires 671 Shares of JPMorgan Chase & Co. (NYSE:JPM)

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Waldron Private Wealth LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the first quarter, Holdings Channel.com reports. The fund owned 39,092 shares of the financial services provider’s stock after purchasing an additional 671 shares during the quarter. Waldron Private Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $5,329,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in JPM. Norges Bank bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $4,092,843,000. GQG Partners LLC lifted its holdings in JPMorgan Chase & Co. by 403.3% during the 4th quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider’s stock valued at $806,728,000 after purchasing an additional 4,083,231 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in JPMorgan Chase & Co. by 1,543.7% during the 4th quarter. Renaissance Technologies LLC now owns 3,341,486 shares of the financial services provider’s stock valued at $529,124,000 after purchasing an additional 3,138,200 shares during the last quarter. State Street Corp lifted its holdings in JPMorgan Chase & Co. by 1.6% during the 4th quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $22,441,376,000 after purchasing an additional 2,277,065 shares during the last quarter. Finally, Schroder Investment Management Group lifted its holdings in JPMorgan Chase & Co. by 21.4% during the 4th quarter. Schroder Investment Management Group now owns 5,393,466 shares of the financial services provider’s stock valued at $854,055,000 after purchasing an additional 952,346 shares during the last quarter. 70.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. UBS Group cut their price target on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating for the company in a report on Friday, July 15th. 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. Wells Fargo & Company cut their price target on shares of JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating for the company in a report on Thursday, July 14th. Jefferies Financial Group dropped their target price on shares of JPMorgan Chase & Co. from $137.00 to $126.00 and set a “hold” rating for the company in a research note on Monday, July 11th. Finally, Evercore ISI dropped their target price on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research note on Friday, July 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $145.95.

JPMorgan Chase & Co. Stock Up 0.5 %

Shares of NYSE:JPM opened at $115.36 on Monday. JPMorgan Chase & Co. has a one year low of $106.06 and a one year high of $172.96. The company has a 50 day moving average of $118.40 and a 200-day moving average of $130.58. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a market cap of $338.82 billion, a price-to-earnings ratio of 9.26, a P/E/G ratio of 2.05 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.76. The firm had revenue of $30.72 billion during the quarter, compared to analysts’ expectations of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.78 earnings per share. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 11.23 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, July 31st. Investors of record on Wednesday, July 6th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.47%. The ex-dividend date was Tuesday, July 5th. 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 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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