Total Clarity Wealth Management Inc. Boosts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

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Total Clarity Wealth Management Inc. increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 7.5% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 11,023 shares of the financial services provider’s stock after acquiring an additional 767 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in JPMorgan Chase & Co. were worth $1,503,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. KLCM Advisors Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.5% in the 4th quarter. KLCM Advisors Inc. now owns 12,800 shares of the financial services provider’s stock valued at $2,027,000 after buying an additional 69 shares during the period. Hurlow Wealth Management Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 1.1% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 6,166 shares of the financial services provider’s stock valued at $793,000 after buying an additional 69 shares during the period. Bigelow Investment Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.0% in the 4th quarter. Bigelow Investment Advisors LLC now owns 6,886 shares of the financial services provider’s stock valued at $1,090,000 after buying an additional 69 shares during the period. Valley Brook Capital Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 0.4% in the 4th quarter. Valley Brook Capital Group Inc. now owns 18,319 shares of the financial services provider’s stock valued at $2,900,000 after buying an additional 70 shares during the period. Finally, Cable Hill Partners LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.2% in the 4th quarter. Cable Hill Partners LLC now owns 6,063 shares of the financial services provider’s stock valued at $960,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 70.35% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.5 %

JPMorgan Chase & Co. stock opened at $114.76 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.82. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96. The company has a market cap of $337.06 billion, a PE ratio of 9.21, a price-to-earnings-growth ratio of 2.05 and a beta of 1.15. The stock’s 50 day moving average price is $118.84 and its 200 day moving average price is $132.67.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its earnings results on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, hitting analysts’ consensus estimates of $2.76. The company had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. JPMorgan Chase & Co.’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $3.78 earnings per share. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 11.24 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th will be given a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.49%. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.10%.

Analyst Upgrades and Downgrades

JPM has been the subject of several recent analyst reports. Evercore ISI decreased their target price on JPMorgan Chase & Co. from $135.00 to $125.00 in a research note on Friday, July 15th. Morgan Stanley cut their price target 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. Credit Suisse Group cut their price target 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. Societe Generale raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $145.00 to $150.00 in a research report on Tuesday, May 24th. Finally, BMO Capital Markets lifted their price target on JPMorgan Chase & Co. from $150.00 to $156.00 in a research report on Tuesday, May 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $145.95.

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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