Montis Financial LLC Lowers Stake in JPMorgan Chase & Co. (NYSE:JPM)

Montis Financial LLC reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 30.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,691 shares of the financial services provider’s stock after selling 1,605 shares during the period. Montis Financial LLC’s holdings in JPMorgan Chase & Co. were worth $503,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Landmark Wealth Management LLC purchased a new position in JPMorgan Chase & Co. during the 1st quarter worth $46,000. Evolution Advisers Inc. acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at about $52,000. Leverty Financial Group LLC acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth approximately $54,000. Delos Wealth Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 13,433.3% during the 4th quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock worth $64,000 after buying an additional 403 shares in the last quarter. Finally, Bromfield Sneider Wealth Advisors purchased a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $76,000. 70.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JPM has been the subject of a number of analyst reports. UBS Group cut their target price on JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating for the company in a research note on Friday, July 15th. Berenberg Bank raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price objective for the company in a research note on Monday, July 18th. Keefe, Bruyette & Woods reissued 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. BMO Capital Markets raised their price target on JPMorgan Chase & Co. from $150.00 to $156.00 in a research report on Tuesday, May 24th. Finally, Societe Generale upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price objective for the stock from $145.00 to $150.00 in a report on Tuesday, May 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and an average target price of $145.95.

JPMorgan Chase & Co. Stock Down 1.6 %

JPMorgan Chase & Co. stock opened at $113.42 on Wednesday. The firm has a market cap of $333.12 billion, a PE ratio of 9.10, a P/E/G ratio of 2.04 and a beta of 1.15. 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 firm’s 50 day moving average price is $118.60 and its two-hundred day moving average price is $131.94. 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 released its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, meeting the consensus estimate of $2.76. The firm had revenue of $30.72 billion for the quarter, compared to analyst estimates of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.78 EPS. On average, research analysts predict that JPMorgan Chase & Co. will post 11.24 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.53%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) 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.

Further Reading

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

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