JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Adviser Investments LLC

Adviser Investments LLC raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.3% during the first quarter, Holdings Channel.com reports. The firm owned 91,948 shares of the financial services provider’s stock after purchasing an additional 2,052 shares during the quarter. JPMorgan Chase & Co. makes up 0.8% of Adviser Investments LLC’s investment portfolio, making the stock its 27th largest position. Adviser Investments LLC’s holdings in JPMorgan Chase & Co. were worth $12,534,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in JPMorgan Chase & Co. by 1.6% in 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 in the last quarter. Geode Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 47,806,506 shares of the financial services provider’s stock worth $7,548,705,000 after acquiring an additional 687,571 shares in the last quarter. Norges Bank purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $4,092,843,000. Charles Schwab Investment Management Inc. boosted its stake in shares of JPMorgan Chase & Co. by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,802,465 shares of the financial services provider’s stock worth $2,819,021,000 after acquiring an additional 273,693 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.4% during the 4th quarter. Parametric Portfolio Associates LLC now owns 11,276,722 shares of the financial services provider’s stock worth $1,785,669,000 after acquiring an additional 160,698 shares in the last quarter. Hedge funds and other institutional investors own 70.35% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $114.21 on Tuesday. 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 firm has a 50-day moving average of $118.19 and a two-hundred day moving average of $130.27. The stock has a market cap of $335.44 billion, a P/E ratio of 9.17, a PEG ratio of 2.06 and a beta of 1.12. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.76. The company 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 firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the prior year, the company posted $3.78 EPS. On average, research analysts expect that JPMorgan Chase & Co. will post 11.21 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. BMO Capital Markets boosted their price target on JPMorgan Chase & Co. from $150.00 to $156.00 in a research note on Tuesday, May 24th. Jefferies Financial Group decreased their price target on JPMorgan Chase & Co. from $137.00 to $126.00 and set a “hold” rating on the stock in a research note on Monday, July 11th. Morgan Stanley reduced their target price on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 12th. UBS Group reduced their target price 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. Finally, Evercore ISI reduced their target price on JPMorgan Chase & Co. from $135.00 to $125.00 in a research note on Friday, July 15th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.

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