SlateStone Wealth LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 8.3% in the first quarter, HoldingsChannel.com reports. The firm owned 21,782 shares of the financial services provider’s stock after selling 1,973 shares during the period. SlateStone Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $2,969,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Joseph Group Capital Management acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $1,353,000. Evolution Advisers Inc. acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $52,000. Leverty Financial Group LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $54,000. Delos Wealth Advisors LLC raised its stake in JPMorgan Chase & Co. by 13,433.3% during the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 403 shares in the last quarter. Finally, Landmark Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $46,000. 70.35% of the stock is currently owned by institutional investors and hedge funds.
JPMorgan Chase & Co. Price Performance
Shares of JPM opened at $114.21 on Tuesday. 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 1 year low of $106.06 and a 1 year high of $172.96. The stock has a market cap of $335.44 billion, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 2.06 and a beta of 1.12. The stock’s 50-day moving average price is $118.19 and its two-hundred day moving average price is $130.27.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $2.76. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The firm had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $31.82 billion. During the same quarter last year, the business earned $3.78 earnings per share. The company’s revenue was up .8% compared to the same quarter last year. On average, equities analysts predict that JPMorgan Chase & Co. will post 11.21 earnings per share for the current year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.10%.
Wall Street Analysts Forecast Growth
JPM has been the topic of several research analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $148.00 target price (up previously from $142.00) on shares of JPMorgan Chase & Co. in a report on Tuesday, May 24th. Berenberg Bank upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 target price on the stock in a report on Monday, July 18th. Argus decreased their target price on JPMorgan Chase & Co. from $177.00 to $155.00 in a report on Thursday, April 14th. The Goldman Sachs Group set a $151.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Thursday, April 14th. Finally, Royal Bank of Canada decreased their target price on JPMorgan Chase & Co. to $130.00 in a report on Thursday, July 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average price target of $145.95.
About JPMorgan Chase & Co.
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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