BCGM Wealth Management LLC Increases Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

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BCGM Wealth Management LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,523 shares of the financial services provider’s stock after buying an additional 830 shares during the period. JPMorgan Chase & Co. comprises 1.1% of BCGM Wealth Management LLC’s portfolio, making the stock its 24th largest holding. BCGM Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,972,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. State Street Corp raised its position in shares of JPMorgan Chase & Co. by 1.6% in the fourth quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $22,441,376,000 after buying an additional 2,277,065 shares during the last quarter. Geode Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 47,806,506 shares of the financial services provider’s stock valued at $7,548,705,000 after buying an additional 687,571 shares during the last quarter. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $4,092,843,000. Charles Schwab Investment Management Inc. raised its position in shares of JPMorgan Chase & Co. by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,802,465 shares of the financial services provider’s stock valued at $2,819,021,000 after buying an additional 273,693 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in shares of JPMorgan Chase & Co. by 1.4% in the fourth quarter. Parametric Portfolio Associates LLC now owns 11,276,722 shares of the financial services provider’s stock valued at $1,785,669,000 after buying an additional 160,698 shares during the last quarter. Institutional investors and hedge funds own 70.35% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on JPM. Argus dropped their price target on shares of JPMorgan Chase & Co. from $177.00 to $155.00 in a research report on Thursday, April 14th. Credit Suisse Group dropped their price target on shares of JPMorgan Chase & Co. from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, July 15th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $148.00 price target (up previously from $142.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 24th. Royal Bank of Canada dropped their price target on shares of JPMorgan Chase & Co. to $130.00 in a research report on Thursday, July 14th. Finally, Wells Fargo & Company dropped their price target on shares of JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating for the company in a research report on Thursday, July 14th. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $145.95.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $115.22 on Tuesday. The company has a market capitalization of $338.41 billion, a PE ratio of 9.25, a price-to-earnings-growth ratio of 2.04 and a beta of 1.15. The firm has a fifty day simple moving average of $118.78 and a 200-day simple moving average of $132.07. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.14. JPMorgan Chase & Co. has a twelve month low of $106.06 and a twelve month high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $31.82 billion. During the same period in the prior year, the firm posted $3.78 EPS. The firm’s revenue was up .8% compared to the same quarter last year. Equities research analysts anticipate 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 announced a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th will be issued a dividend of $1.00 per share. 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 3.47%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 32.10%.

About JPMorgan Chase & Co.

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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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