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

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Vista Wealth Management Group LLC lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,930 shares of the financial services provider’s stock after selling 362 shares during the period. Vista Wealth Management Group LLC’s holdings in JPMorgan Chase & Co. were worth $399,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Joseph Group Capital Management acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth $1,353,000. Evolution Advisers Inc. purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth $52,000. Leverty Financial Group LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth $54,000. Delos Wealth Advisors LLC raised its position in 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 buying an additional 403 shares during the last quarter. Finally, Landmark Wealth Management LLC purchased a new position in JPMorgan Chase & Co. during the 1st quarter worth $46,000. Institutional investors and hedge funds own 70.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on JPM. Wells Fargo & Company cut their price objective on shares of JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating for the company in a research report on Thursday, July 14th. Berenberg Bank upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price objective for the company in a research report on Monday, July 18th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $148.00 price objective (up previously from $142.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 24th. Evercore ISI cut their price objective on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research report on Friday, July 15th. Finally, Jefferies Financial Group cut their price target on shares of JPMorgan Chase & Co. from $137.00 to $126.00 and set a “hold” rating for the company in a report on Monday, July 11th. 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 target price of $145.95.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $114.21 on Tuesday. 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 firm has a 50-day moving average price of $118.19 and a two-hundred day moving average price of $130.27. JPMorgan Chase & Co. has a twelve month low of $106.06 and a twelve month high of $172.96. The company has a market capitalization of $335.44 billion, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 2.06 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $31.82 billion. During the same period last year, the company earned $3.78 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, research analysts expect that JPMorgan Chase & Co. will post 11.21 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.50%. 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

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