JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Caliber Wealth Management LLC

Caliber Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 1.1% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,507 shares of the financial services provider’s stock after buying an additional 162 shares during the period. Caliber Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,746,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in JPM. Dravo Bay LLC purchased a new stake in JPMorgan Chase & Co. during the 1st quarter worth $26,000. Advanced Research Investment Solutions LLC boosted its position in JPMorgan Chase & Co. by 118.2% during the 1st quarter. Advanced Research Investment Solutions LLC now owns 288 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 156 shares during the period. Swaine & Leidel Wealth Services LLC purchased a new stake in JPMorgan Chase & Co. during the 1st quarter worth $44,000. Landmark Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. during the 1st quarter worth $46,000. Finally, Cordant Inc. purchased a new stake in JPMorgan Chase & Co. during the 1st quarter worth $47,000. 68.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have weighed in on JPM shares. Oppenheimer decreased their price objective on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a research report on Friday, July 15th. Jefferies Financial Group set a $117.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, September 12th. Credit Suisse Group set a $145.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, August 8th. UBS Group decreased their price objective on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating for the company in a research report on Friday, July 15th. Finally, Societe Generale raised shares of 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 research report on Tuesday, May 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $145.95.

JPMorgan Chase & Co. Price Performance

JPM opened at $115.83 on Wednesday. The firm has a market cap of $339.68 billion, a price-to-earnings ratio of 9.30, a price-to-earnings-growth ratio of 2.07 and a beta of 1.10. JPMorgan Chase & Co. has a fifty-two week low of $106.06 and a fifty-two week high of $172.96. The company’s 50-day moving average price is $115.96 and its 200 day moving average price is $122.40. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.14.

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, hitting 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%. JPMorgan Chase & Co.’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.78 earnings per share. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 11.32 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 6th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.45%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 32.10%.

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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