Boyer & Corporon Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,537 shares of the financial services provider’s stock after acquiring an additional 747 shares during the quarter. JPMorgan Chase & Co. comprises approximately 2.1% of Boyer & Corporon Wealth Management LLC’s portfolio, making the stock its 22nd biggest holding. Boyer & Corporon Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $7,162,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of JPM. Landmark Wealth Management LLC purchased a new position in JPMorgan Chase & Co. in the first quarter worth $46,000. Evolution Advisers Inc. purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $52,000. Leverty Financial Group LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $54,000. Delos Wealth Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 13,433.3% in the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock valued at $64,000 after buying an additional 403 shares in the last quarter. Finally, Bromfield Sneider Wealth Advisors purchased a new position in shares of JPMorgan Chase & Co. in the first quarter valued at $76,000. Hedge funds and other institutional investors own 70.35% of the company’s stock.
Analyst Upgrades and Downgrades
JPM has been the subject of a number of research analyst reports. Societe Generale upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price target for the company from $145.00 to $150.00 in a research report on Tuesday, May 24th. BMO Capital Markets lifted their price objective on JPMorgan Chase & Co. from $150.00 to $156.00 in a research report on Tuesday, May 24th. Morgan Stanley dropped their price objective on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a research report on Tuesday, July 12th. Jefferies Financial Group dropped their price objective on JPMorgan Chase & Co. from $137.00 to $126.00 and set a “hold” rating for the company in a research report on Monday, July 11th. Finally, Credit Suisse Group dropped their price objective on 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. One investment 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $145.95.
JPMorgan Chase & Co. Stock Down 1.0 %
Shares of NYSE:JPM opened at $114.21 on Tuesday. The firm has a market cap of $335.44 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 2.06 and a beta of 1.12. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96. 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’s 50-day moving average price is $118.19 and its two-hundred day moving average price is $130.27.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, meeting the consensus estimate 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%. The company’s revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company posted $3.78 EPS. On average, research analysts forecast that JPMorgan Chase & Co. will post 11.21 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.50%. The ex-dividend date was Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.10%.
JPMorgan Chase & Co. Company 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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