FSB Premier Wealth Management Inc. Acquires 510 Shares of JPMorgan Chase & Co. (NYSE:JPM)

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FSB Premier Wealth Management Inc. raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 10.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,482 shares of the financial services provider’s stock after buying an additional 510 shares during the period. FSB Premier Wealth Management Inc.’s holdings in JPMorgan Chase & Co. were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Financial Strategies Group Inc. lifted 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 valued at $750,000 after purchasing an additional 916 shares in the last quarter. Alpha Omega Wealth Management LLC lifted 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 valued at $5,134,000 after purchasing an additional 557 shares in the last quarter. Landmark Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. during the first quarter valued at about $46,000. HMS Capital Management LLC lifted its position in shares of JPMorgan Chase & Co. by 3.0% during the first quarter. HMS Capital Management LLC now owns 7,472 shares of the financial services provider’s stock valued at $1,019,000 after purchasing an additional 217 shares in the last quarter. Finally, Viking Fund Management LLC lifted its position in shares of JPMorgan Chase & Co. by 17.6% during the first quarter. Viking Fund Management LLC now owns 63,500 shares of the financial services provider’s stock valued at $8,656,000 after purchasing an additional 9,500 shares in the last quarter. 70.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JPM. Societe Generale raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price target for the company from $145.00 to $150.00 in a research report on Tuesday, May 24th. Citigroup upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and decreased their price objective for the stock from $145.00 to $135.00 in a report on Tuesday, July 12th. Evercore ISI decreased their price objective on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a report on Friday, July 15th. Piper Sandler decreased their price objective on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating for the company in a report on Friday, July 1st. Finally, StockNews.com began coverage on shares of JPMorgan Chase & Co. in a report on Thursday, March 31st. They set a “hold” rating for the company. One 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $145.95.

JPMorgan Chase & Co. Trading Down 1.6 %

Shares of JPMorgan Chase & Co. stock opened at $113.42 on Wednesday. JPMorgan Chase & Co. has a 1 year low of $106.06 and a 1 year high of $172.96. The firm has a market cap of $333.12 billion, a PE ratio of 9.10, a PEG ratio of 2.04 and a beta of 1.15. 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 company has a 50 day simple moving average of $118.60 and a two-hundred day simple moving average of $131.94.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. During the same period in the previous year, the business posted $3.78 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up .8% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 11.24 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.53%. JPMorgan Chase & Co.’s payout ratio is 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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