Firethorn Wealth Partners LLC Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

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Firethorn Wealth Partners LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 34.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 3,669 shares of the financial services provider’s stock after acquiring an additional 949 shares during the quarter. Firethorn Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $500,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Clarity Wealth Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 10.2% during the first quarter. Clarity Wealth Advisors LLC now owns 20,997 shares of the financial services provider’s stock valued at $2,862,000 after buying an additional 1,944 shares during the period. Financial Strategies Group Inc. increased 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 buying an additional 916 shares during the period. Alpha Omega Wealth Management LLC increased 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 buying an additional 557 shares during the period. Landmark Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at about $46,000. Finally, HMS Capital Management LLC increased 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 buying an additional 217 shares during the period. 70.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Argus decreased their price target on JPMorgan Chase & Co. from $177.00 to $155.00 in a research report on Thursday, April 14th. Berenberg Bank upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price objective on the stock in a research report on Monday, July 18th. Societe Generale upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price objective for the stock from $145.00 to $150.00 in a research report on Tuesday, May 24th. BMO Capital Markets upped their price objective on shares of JPMorgan Chase & Co. from $150.00 to $156.00 in a research report on Tuesday, May 24th. Finally, Morgan Stanley decreased their price objective 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 investment 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’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $145.95.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $115.36 on Friday. The firm has a market cap of $338.82 billion, a PE ratio of 9.26, a price-to-earnings-growth ratio of 2.05 and a beta of 1.15. JPMorgan Chase & Co. has a fifty-two week low of $106.06 and a fifty-two week high of $172.96. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.82 and a current ratio of 0.83. The business has a 50 day moving average price of $118.40 and a 200-day moving average price of $131.10.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, meeting analysts’ consensus estimates of $2.76. The firm had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.78 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post 11.23 earnings per share for the current 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 paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 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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