JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by My Legacy Advisors LLC

My Legacy Advisors LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 8.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,398 shares of the financial services provider’s stock after acquiring an additional 749 shares during the period. My Legacy Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,061,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in JPM. Sandy Cove Advisors LLC raised its position in JPMorgan Chase & Co. by 8.5% in the first quarter. Sandy Cove Advisors LLC now owns 4,137 shares of the financial services provider’s stock valued at $564,000 after purchasing an additional 324 shares during the period. Clarity Wealth Advisors LLC raised its position in JPMorgan Chase & Co. by 10.2% in the first quarter. Clarity Wealth Advisors LLC now owns 20,997 shares of the financial services provider’s stock valued at $2,862,000 after purchasing an additional 1,944 shares during the period. Financial Strategies Group Inc. raised its position in JPMorgan Chase & Co. by 20.0% in the first 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 raised its position in JPMorgan Chase & Co. by 1.5% in the first 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. Finally, Cordant Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $47,000. 68.57% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JPM. Berenberg Bank raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price objective on the stock in a research report on Monday, July 18th. Morgan Stanley cut their price objective on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 12th. Barclays set a $200.00 price objective on JPMorgan Chase & Co. in a research report on Monday, July 18th. Jefferies Financial Group set a $117.00 price objective on JPMorgan Chase & Co. in a research report on Monday, September 12th. Finally, Credit Suisse Group set a $145.00 price objective on JPMorgan Chase & Co. in a research report on Monday, August 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $145.95.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $112.49 on Thursday. 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 1 year low of $106.06 and a 1 year high of $172.96. The company has a market capitalization of $329.89 billion, a PE ratio of 9.03, a P/E/G ratio of 2.09 and a beta of 1.10. The company has a fifty day moving average of $116.03 and a two-hundred day moving average of $122.29.

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 (EPS) for the quarter, missing the consensus estimate of $2.85 by ($0.09). JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The company had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. During the same quarter in the prior year, the company earned $3.78 EPS. The business’s revenue was up .8% on a year-over-year basis. As a group, 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 announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders 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 dividend yield of 3.56%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 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.

Further Reading

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

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