Phoenix Wealth Advisors boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 1.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,595 shares of the financial services provider’s stock after acquiring an additional 261 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.9% of Phoenix Wealth Advisors’ portfolio, making the stock its 13th largest position. Phoenix Wealth Advisors’ holdings in JPMorgan Chase & Co. were worth $2,840,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $1,353,000. Evolution Advisers Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $52,000. Leverty Financial Group LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $54,000. Delos Wealth Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 13,433.3% in the 4th quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 403 shares during the period. Finally, Landmark Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth approximately $46,000. 70.35% of the stock is owned by institutional investors.
Analyst Ratings Changes
A number of research firms recently issued reports on JPM. Berenberg Bank upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 target price on the stock in a research report on Monday, July 18th. UBS Group dropped their target price on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating on the stock in a research report on Friday, July 15th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $148.00 target price (up previously from $142.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 24th. The Goldman Sachs Group set a $151.00 target price on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Thursday, April 14th. Finally, Morgan Stanley dropped their target price on shares of 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. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average target price of $145.95.
JPMorgan Chase & Co. Stock Performance
NYSE JPM opened at $114.76 on Monday. JPMorgan Chase & Co. has a 1 year low of $106.06 and a 1 year high of $172.96. 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 market cap of $337.06 billion, a price-to-earnings ratio of 9.21, a PEG ratio of 2.04 and a beta of 1.15. The company has a fifty day moving average price of $118.84 and a 200-day moving average price of $132.44.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, hitting the consensus estimate of $2.76. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The firm had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. During the same quarter in the prior year, the business posted $3.78 EPS. The business’s revenue was up .8% compared to the same quarter last year. As a group, equities research analysts predict that JPMorgan Chase & Co. will post 11.24 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Sunday, July 31st. Investors of record on Wednesday, July 6th will be given a dividend of $1.00 per share. The ex-dividend date is Tuesday, July 5th. This represents a $4.00 annualized dividend and a yield of 3.49%. JPMorgan Chase & Co.’s payout ratio is currently 32.10%.
JPMorgan Chase & Co. Profile
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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