JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Clearstead Advisors LLC

Clearstead Advisors LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 5.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,666 shares of the financial services provider’s stock after acquiring an additional 5,421 shares during the period. JPMorgan Chase & Co. makes up approximately 0.9% of Clearstead Advisors LLC’s investment portfolio, making the stock its 19th biggest position. Clearstead Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $13,314,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in JPM. Desjardins Global Asset Management Inc. bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $13,411,000. Quest Capital Management Inc. ADV boosted its holdings in JPMorgan Chase & Co. by 2.3% during the fourth quarter. Quest Capital Management Inc. ADV now owns 19,362 shares of the financial services provider’s stock worth $3,066,000 after buying an additional 440 shares in the last quarter. Vestmark Advisory Solutions Inc. boosted its holdings in JPMorgan Chase & Co. by 4.9% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 90,113 shares of the financial services provider’s stock worth $14,269,000 after buying an additional 4,214 shares in the last quarter. SignalPoint Asset Management LLC boosted its holdings in JPMorgan Chase & Co. by 1.2% during the fourth quarter. SignalPoint Asset Management LLC now owns 6,982 shares of the financial services provider’s stock worth $1,105,000 after buying an additional 85 shares in the last quarter. Finally, Ledyard National Bank boosted its holdings in JPMorgan Chase & Co. by 0.7% during the fourth quarter. Ledyard National Bank now owns 87,645 shares of the financial services provider’s stock worth $13,878,000 after buying an additional 652 shares in the last quarter. 70.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on JPM. Barclays set a $200.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 18th. Royal Bank of Canada reduced their target price on shares of JPMorgan Chase & Co. to $130.00 in a report on Thursday, July 14th. Jefferies Financial Group reduced their target price on shares of JPMorgan Chase & Co. from $137.00 to $126.00 and set a “hold” rating for the company in a report on Monday, July 11th. Argus reduced their target price on shares of JPMorgan Chase & Co. from $177.00 to $155.00 in a report on Thursday, April 14th. Finally, The Goldman Sachs Group set a $151.00 target price on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Thursday, April 14th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $145.95.

JPMorgan Chase & Co. Stock Down 1.0 %

JPM stock opened at $114.21 on Tuesday. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.14. The company has a market cap of $335.44 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 2.06 and a beta of 1.12. The company has a 50 day moving average of $118.19 and a two-hundred day moving average of $130.27.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released 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 net margin of 30.41% and a return on equity of 15.29%. The company had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $31.82 billion. During the same quarter in the prior year, the firm earned $3.78 EPS. The company’s revenue was up .8% compared to the same quarter last year. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 11.21 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th were issued a dividend of $1.00 per share. The ex-dividend date of this dividend was Tuesday, July 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.50%. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.10%.

JPMorgan Chase & Co. Profile

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMGet Rating).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.