Latitude Advisors LLC Has $2.05 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Latitude Advisors LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 29.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,028 shares of the financial services provider’s stock after purchasing an additional 3,423 shares during the quarter. Latitude Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,049,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Joseph Group Capital Management acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $1,353,000. Evolution Advisers Inc. acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $52,000. Leverty Financial Group LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $54,000. Delos Wealth Advisors LLC lifted its stake in shares of 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 valued at $64,000 after acquiring an additional 403 shares during the period. Finally, Landmark Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the first quarter valued at $46,000. Institutional investors and hedge funds own 70.35% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.5 %

Shares of JPMorgan Chase & Co. stock opened at $114.76 on Friday. 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 market capitalization of $337.06 billion, a P/E ratio of 9.21, a price-to-earnings-growth ratio of 2.05 and a beta of 1.15. The business has a 50-day moving average of $118.84 and a two-hundred day moving average of $132.67. JPMorgan Chase & Co. has a 1 year low of $106.06 and a 1 year 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 earnings per share for the quarter, hitting the consensus estimate of $2.76. The company had revenue of $30.72 billion during the quarter, compared to analysts’ expectations of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. JPMorgan Chase & Co.’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.78 earnings per share. As a group, equities analysts predict that JPMorgan Chase & Co. will post 11.24 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th will be given a dividend of $1.00 per share. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.49%. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.10%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JPM. Wells Fargo & Company cut their price target on JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 14th. Societe Generale upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price objective for the company from $145.00 to $150.00 in a report on Tuesday, May 24th. Royal Bank of Canada dropped their price objective on JPMorgan Chase & Co. to $130.00 in a report on Thursday, July 14th. Argus dropped their price objective on JPMorgan Chase & Co. from $177.00 to $155.00 in a report on Thursday, April 14th. Finally, Piper Sandler dropped their price objective on JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating for the company in a report on Friday, July 1st. 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $145.95.

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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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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