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Wealth Dimensions Group Ltd. Sells 258 Shares of JPMorgan Chase & Co. (NYSE:JPM)

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Wealth Dimensions Group Ltd. lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.9% during the 1st quarter, Holdings Channel reports. The firm owned 6,293 shares of the financial services provider’s stock after selling 258 shares during the period. Wealth Dimensions Group Ltd.’s holdings in JPMorgan Chase & Co. were worth $858,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Titleist Asset Management LTD. increased its stake in JPMorgan Chase & Co. by 26.0% in the 1st quarter. Titleist Asset Management LTD. now owns 19,161 shares of the financial services provider’s stock worth $2,612,000 after acquiring an additional 3,949 shares during the last quarter. Adviser Investments LLC increased its stake in JPMorgan Chase & Co. by 2.3% in the 1st quarter. Adviser Investments LLC now owns 91,948 shares of the financial services provider’s stock worth $12,534,000 after acquiring an additional 2,052 shares during the last quarter. Sandy Cove Advisors LLC increased its stake in JPMorgan Chase & Co. by 8.5% in the 1st quarter. Sandy Cove Advisors LLC now owns 4,137 shares of the financial services provider’s stock worth $564,000 after acquiring an additional 324 shares during the last quarter. Cavalier Investments LLC increased its stake in JPMorgan Chase & Co. by 6.3% in the 1st quarter. Cavalier Investments LLC now owns 3,679 shares of the financial services provider’s stock worth $502,000 after acquiring an additional 219 shares during the last quarter. Finally, Clearstead Advisors LLC increased its stake in JPMorgan Chase & Co. by 5.9% in the 1st quarter. Clearstead Advisors LLC now owns 97,666 shares of the financial services provider’s stock worth $13,314,000 after acquiring an additional 5,421 shares during the last quarter. Institutional investors own 70.35% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of research reports. UBS Group reduced their price objective on JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, July 15th. Royal Bank of Canada dropped their target price on JPMorgan Chase & Co. to $130.00 in a report on Thursday, July 14th. Oppenheimer dropped their target price on JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a report on Friday, July 15th. Citigroup upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $145.00 to $135.00 in a report on Tuesday, July 12th. Finally, 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 report on Tuesday, May 24th. 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 company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $145.95.

JPMorgan Chase & Co. Trading Down 1.0 %

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. 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 12 month low of $106.06 and a 12 month high of $172.96. The stock has a fifty day moving average price of $118.19 and a 200-day moving average price of $130.27.

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

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, July 31st. Investors of record on Wednesday, July 6th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend was Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.10%.

JPMorgan Chase & Co. Profile

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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.

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