One Plus One Wealth Management LLC Raises Position in JPMorgan Chase & Co. (NYSE:JPM)

One Plus One Wealth Management LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,544 shares of the financial services provider’s stock after acquiring an additional 97 shares during the period. One Plus One Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,075,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimension Capital Management LLC increased its position in 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 purchasing an additional 72 shares during the last quarter. Legacy Capital Partners Inc. increased its position in JPMorgan Chase & Co. by 1.4% during 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 increased its position in JPMorgan Chase & Co. by 1.2% during 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 increased its position in JPMorgan Chase & Co. by 1.8% during 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 increased its position 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 acquiring an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 68.57% of the company’s stock.

JPMorgan Chase & Co. Trading Down 2.9 %

JPMorgan Chase & Co. stock opened at $112.49 on Thursday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.83 and a current ratio of 0.83. The firm has a market cap of $329.89 billion, a price-to-earnings ratio of 9.03, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10. JPMorgan Chase & Co. has a 1 year low of $106.06 and a 1 year high of $172.96. The firm’s 50 day moving average price is $116.03 and its two-hundred day moving average price is $122.29.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings results 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). The business had revenue of $30.72 billion during 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%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter last year, the firm posted $3.78 EPS. On average, research analysts predict that JPMorgan Chase & Co. will post 11.32 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company 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 $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.56%. JPMorgan Chase & Co.’s dividend payout ratio is 32.10%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on JPM shares. Jefferies Financial Group set a $117.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, September 12th. UBS Group dropped 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. Berenberg Bank raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price objective for the company in a research report on Monday, July 18th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” rating for the company in a research report on Monday, September 12th. Finally, Barclays set a $200.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $145.95.

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.

See Also

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

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