Wedge Capital Management L L P NC Has $546,000 Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Wedge Capital Management L L P NC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,853 shares of the financial services provider’s stock after purchasing an additional 96 shares during the quarter. Wedge Capital Management L L P NC’s holdings in JPMorgan Chase & Co. were worth $546,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Dravo Bay LLC acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $26,000. Advanced Research Investment Solutions LLC increased its position in shares of 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 last quarter. Swaine & Leidel Wealth Services LLC acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $44,000. Landmark Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $46,000. Finally, Cordant Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $47,000. Institutional investors and hedge funds own 68.57% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

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

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 for the quarter, meeting analysts’ consensus estimates of $2.76. The firm had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The company’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.78 EPS. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 11.32 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Thursday, October 6th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.45%. JPMorgan Chase & Co.’s payout ratio is 32.10%.

Analyst Ratings Changes

A number of research analysts recently weighed in on JPM shares. Jefferies Financial Group set a $117.00 target price on JPMorgan Chase & Co. in a report on Monday, September 12th. Piper Sandler decreased their target price on JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating on the stock in a report on Friday, July 1st. Citigroup raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $145.00 to $135.00 in a report on Tuesday, July 12th. UBS Group decreased their target price on JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating on the stock in a report on Friday, July 15th. Finally, Credit Suisse Group set a $145.00 target price on JPMorgan Chase & Co. in a report on Monday, August 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and a consensus price target of $145.95.

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.

See Also

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

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