JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Paragon Wealth Strategies LLC

Paragon Wealth Strategies LLC cut its holdings in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 15.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,170 shares of the financial services provider’s stock after selling 406 shares during the period. JPMorgan Chase & Co. accounts for about 0.3% of Paragon Wealth Strategies LLC’s portfolio, making the stock its 21st largest holding. Paragon Wealth Strategies LLC’s holdings in JPMorgan Chase & Co. were worth $244,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in JPM. Norges Bank acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at approximately $4,092,843,000. Vanguard Group Inc. lifted its holdings in JPMorgan Chase & Co. by 2.6% in the first quarter. Vanguard Group Inc. now owns 266,854,574 shares of the financial services provider’s stock valued at $36,377,615,000 after acquiring an additional 6,792,220 shares during the last quarter. GQG Partners LLC lifted its holdings in JPMorgan Chase & Co. by 403.3% in the fourth quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider’s stock valued at $806,728,000 after acquiring an additional 4,083,231 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in JPMorgan Chase & Co. by 7,427.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock valued at $363,169,000 after acquiring an additional 2,628,701 shares during the last quarter. Finally, State Street Corp lifted its stake in JPMorgan Chase & Co. by 1.6% during the fourth quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock worth $22,441,376,000 after purchasing an additional 2,277,065 shares in the last quarter. 68.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on JPM shares. Royal Bank of Canada set a $130.00 price target on JPMorgan Chase & Co. in a research note on Tuesday, September 6th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $148.00 price target (up from $142.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 24th. BMO Capital Markets upped their price target on JPMorgan Chase & Co. from $150.00 to $156.00 in a research note on Tuesday, May 24th. Morgan Stanley decreased their price target on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 12th. Finally, Oppenheimer decreased their price target on JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating on the stock in a research note on Friday, July 15th. One research 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 data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $145.95.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $115.83 on Wednesday. The firm has a market capitalization of $339.68 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 2.07 and a beta of 1.10. The business’s fifty day moving average price is $115.96 and its 200 day moving average price is $122.40. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.83. JPMorgan Chase & Co. has a 12 month low of $106.06 and a 12 month high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its earnings results on Thursday, July 14th. The financial services provider reported $2.76 EPS 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 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 quarter in the prior year, the company posted $3.78 earnings per share. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 11.32 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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