Mendel Money Management purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 5,751 shares of the financial services provider’s stock, valued at approximately $541,000.
Several other institutional investors and hedge funds have also modified their holdings of the company. Your Advocates Ltd. LLP increased its stake in JPMorgan Chase & Co. by 250.0% in the 2nd quarter. Your Advocates Ltd. LLP now owns 175 shares of the financial services provider’s stock valued at $67,000 after buying an additional 125 shares during the last quarter. NuWave Investment Management LLC bought a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $30,000. Lion Street Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $37,000. Horan Securities Inc. acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at about $45,000. Finally, Efficient Wealth Management LLC bought a new stake in JPMorgan Chase & Co. during the first quarter worth about $51,000. 71.35% of the stock is owned by institutional investors.
Several research analysts have weighed in on JPM shares. Wells Fargo & Co boosted their price target on JPMorgan Chase & Co. from $115.00 to $130.00 in a research report on Friday, June 5th. Royal Bank of Canada set a $99.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Tuesday, April 14th. TheStreet lowered shares of JPMorgan Chase & Co. from a “b-” rating to a “c” rating in a research report on Monday, May 11th. Societe Generale upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “buy” rating in a research note on Tuesday, April 14th. Finally, Credit Suisse Group set a $122.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fifteen have given a buy rating to the company. JPMorgan Chase & Co. currently has an average rating of “Buy” and a consensus price target of $110.89.
Shares of NYSE JPM opened at $96.64 on Friday. The firm has a market cap of $294.46 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 3.24 and a beta of 1.19. The business’s 50 day moving average is $96.77 and its 200-day moving average is $105.48. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.35. JPMorgan Chase & Co. has a 1-year low of $76.91 and a 1-year high of $141.10.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.34 by $0.04. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The firm had revenue of $32.98 billion for the quarter, compared to analyst estimates of $30.23 billion. During the same period in the prior year, the firm posted $2.82 EPS. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. Analysts forecast that JPMorgan Chase & Co. will post 5.96 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Monday, July 6th were paid a $0.90 dividend. The ex-dividend date was Thursday, July 2nd. This represents a $3.60 annualized dividend and a dividend yield of 3.73%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.
In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 24,554 shares of JPMorgan Chase & Co. stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total value of $2,443,614.08. 0.78% of the stock is currently owned by company insiders.
About JPMorgan Chase & Co.
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 deposit and investment products 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, payment processing, auto loan, and leasing services.
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