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SlateStone Wealth LLC Has $2.97 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

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SlateStone Wealth LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 8.3% in the first quarter, HoldingsChannel.com reports. The firm owned 21,782 shares of the financial services provider’s stock after selling 1,973 shares during the period. SlateStone Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $2,969,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Joseph Group Capital Management acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $1,353,000. Evolution Advisers Inc. acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $52,000. Leverty Financial Group LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $54,000. Delos Wealth Advisors LLC raised its stake in JPMorgan Chase & Co. by 13,433.3% during the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 403 shares in the last quarter. Finally, Landmark Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $46,000. 70.35% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of 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. JPMorgan Chase & Co. has a 1 year low of $106.06 and a 1 year high of $172.96. The stock has a market cap 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. 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:JPMGet Rating) last issued its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.76. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The firm had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $31.82 billion. During the same quarter last year, the business earned $3.78 earnings per share. The company’s revenue was up .8% compared to the same quarter last year. On average, equities analysts predict that JPMorgan Chase & Co. will post 11.21 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Sunday, July 31st. Shareholders 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 3.50%. The ex-dividend date was Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.10%.

Wall Street Analysts Forecast Growth

JPM has been the topic of several research analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $148.00 target price (up previously from $142.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 24th. Berenberg Bank upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 target price on the stock in a report on Monday, July 18th. Argus decreased their target price on JPMorgan Chase & Co. from $177.00 to $155.00 in a report on Thursday, April 14th. The Goldman Sachs Group set a $151.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Thursday, April 14th. Finally, Royal Bank of Canada decreased their target price on JPMorgan Chase & Co. to $130.00 in a report on Thursday, July 14th. One 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 a consensus 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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