Legal Advantage Investments Inc. Boosts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Legal Advantage Investments Inc. boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 11.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,918 shares of the financial services provider’s stock after buying an additional 398 shares during the period. Legal Advantage Investments Inc.’s holdings in JPMorgan Chase & Co. were worth $534,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of JPM. Sandy Cove Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 8.5% during the first quarter. Sandy Cove Advisors LLC now owns 4,137 shares of the financial services provider’s stock worth $564,000 after purchasing an additional 324 shares in the last quarter. Clarity Wealth Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 10.2% during the first quarter. Clarity Wealth Advisors LLC now owns 20,997 shares of the financial services provider’s stock worth $2,862,000 after purchasing an additional 1,944 shares in the last quarter. Financial Strategies Group Inc. increased its position in shares of JPMorgan Chase & Co. by 20.0% during the first quarter. Financial Strategies Group Inc. now owns 5,500 shares of the financial services provider’s stock worth $750,000 after purchasing an additional 916 shares in the last quarter. Alpha Omega Wealth Management LLC increased its position in shares of JPMorgan Chase & Co. by 1.5% during the first quarter. Alpha Omega Wealth Management LLC now owns 37,664 shares of the financial services provider’s stock worth $5,134,000 after purchasing an additional 557 shares in the last quarter. Finally, Landmark Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth $46,000. Hedge funds and other institutional investors own 70.35% of the company’s stock.

Analysts Set New Price Targets

JPM has been the topic of several research reports. Credit Suisse Group cut their target price on JPMorgan Chase & Co. from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, July 15th. Argus cut their target price on JPMorgan Chase & Co. from $177.00 to $155.00 in a research report on Thursday, April 14th. Wells Fargo & Company cut their target price on JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 14th. Morgan Stanley cut their target price on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 12th. Finally, Evercore ISI cut their price target on JPMorgan Chase & Co. from $135.00 to $125.00 in a research report on Friday, July 15th. One equities research 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’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. Trading Up 3.0 %

JPM stock opened at $115.76 on Monday. The firm has a market cap of $339.99 billion, a P/E ratio of 9.29, a PEG ratio of 2.07 and a beta of 1.12. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96. The company’s 50-day simple moving average is $116.99 and its 200-day simple moving average is $129.20. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings results 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 firm had revenue of $30.72 billion for the quarter, compared to analyst estimates of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. JPMorgan Chase & Co.’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $3.78 EPS. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 11.21 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, July 31st. Investors of record on Wednesday, July 6th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 32.10%.

JPMorgan Chase & Co. Company 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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