Chronos Wealth Management LLC Purchases 537 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Chronos Wealth Management LLC grew its stake in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 1.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 39,707 shares of the financial services provider’s stock after buying an additional 537 shares during the quarter. JPMorgan Chase & Co. makes up 3.4% of Chronos Wealth Management LLC’s holdings, making the stock its 15th biggest holding. Chronos Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $4,471,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Dimension Capital Management LLC grew its stake in shares of JPMorgan Chase & Co. by 2.1% during the fourth quarter. Dimension Capital Management LLC now owns 3,561 shares of the financial services provider’s stock worth $565,000 after buying an additional 72 shares during the last quarter. Legacy Capital Partners Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.4% in the first quarter. Legacy Capital Partners Inc. now owns 5,591 shares of the financial services provider’s stock worth $762,000 after purchasing an additional 75 shares during the last quarter. Tennessee Valley Asset Management Partners grew its stake in shares of JPMorgan Chase & Co. by 1.2% in the first quarter. Tennessee Valley Asset Management Partners now owns 6,634 shares of the financial services provider’s stock worth $904,000 after purchasing an additional 78 shares during the last quarter. F M Investments LLC grew its stake in shares of JPMorgan Chase & Co. by 1.8% in the first quarter. F M Investments LLC now owns 4,588 shares of the financial services provider’s stock worth $625,000 after purchasing an additional 80 shares during the last quarter. Finally, First National Bank of Hutchinson grew its stake in shares of JPMorgan Chase & Co. by 1.2% in the first quarter. First National Bank of Hutchinson now owns 6,759 shares of the financial services provider’s stock worth $921,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 68.57% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $112.49 on Thursday. The firm’s 50-day moving average price is $116.03 and its 200-day moving average price is $122.29. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96. The firm has a market capitalization of $329.89 billion, a P/E ratio of 9.03, a P/E/G ratio of 2.09 and a beta of 1.10. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.14.

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 for the quarter, missing the consensus estimate of $2.85 by ($0.09). The company 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 revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.78 EPS. Equities research 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. Stockholders of record on Thursday, October 6th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.56%. JPMorgan Chase & Co.’s payout ratio is presently 32.10%.

Analysts Set New Price Targets

JPM has been the topic of several analyst reports. Piper Sandler reduced their price objective on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday, July 1st. Barclays set a $200.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, July 18th. Credit Suisse Group set a $145.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, August 8th. Royal Bank of Canada set a $130.00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 6th. Finally, Evercore ISI dropped their target price on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a report on Friday, July 15th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Hold” and an average price target of $145.95.

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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