Titleist Asset Management LTD. Purchases 3,949 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Titleist Asset Management LTD. grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 26.0% in the 1st quarter, Holdings Channel reports. The firm owned 19,161 shares of the financial services provider’s stock after acquiring an additional 3,949 shares during the quarter. Titleist Asset Management LTD.’s holdings in JPMorgan Chase & Co. were worth $2,612,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in JPM. Clarity Wealth Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 10.2% in the 1st quarter. Clarity Wealth Advisors LLC now owns 20,997 shares of the financial services provider’s stock valued at $2,862,000 after acquiring an additional 1,944 shares in the last quarter. Financial Strategies Group Inc. grew its position in JPMorgan Chase & Co. by 20.0% in the 1st quarter. Financial Strategies Group Inc. now owns 5,500 shares of the financial services provider’s stock valued at $750,000 after purchasing an additional 916 shares during the period. Alpha Omega Wealth Management LLC grew its position in JPMorgan Chase & Co. by 1.5% in the 1st quarter. Alpha Omega Wealth Management LLC now owns 37,664 shares of the financial services provider’s stock valued at $5,134,000 after purchasing an additional 557 shares during the period. Landmark Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. in the 1st quarter valued at $46,000. Finally, HMS Capital Management LLC grew its position in JPMorgan Chase & Co. by 3.0% in the 1st quarter. HMS Capital Management LLC now owns 7,472 shares of the financial services provider’s stock valued at $1,019,000 after purchasing an additional 217 shares during the period. Institutional investors own 70.35% of the company’s stock.

Wall Street Analyst Weigh In

JPM has been the subject of several research reports. Citigroup raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and reduced their price target for the company from $145.00 to $135.00 in a research report on Tuesday, July 12th. Barclays set a $200.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 18th. UBS Group cut their price objective on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating on the stock in a report on Friday, July 15th. Morgan Stanley cut 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 report on Tuesday, July 12th. Finally, The Goldman Sachs Group set a $151.00 price objective on shares of JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Thursday, April 14th. One 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, the stock currently has a consensus rating of “Hold” and an average price target of $145.95.

JPMorgan Chase & Co. Trading Down 1.0 %

Shares of JPMorgan Chase & Co. stock opened at $114.21 on Tuesday. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96. The stock’s 50-day simple moving average is $118.19 and its 200 day simple moving average is $130.27. The stock has a market capitalization of $335.44 billion, a P/E ratio of 9.17, a P/E/G ratio of 2.06 and a beta of 1.12. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.82 and a current ratio of 0.83.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, meeting 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 business had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $31.82 billion. During the same period in the previous year, the business posted $3.78 EPS. The firm’s quarterly revenue was up .8% compared to the same quarter last year. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 11.21 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, July 31st. Investors of record on Wednesday, July 6th were paid a $1.00 dividend. 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 is currently 32.10%.

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

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