626 Financial LLC Has $1.94 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

626 Financial LLC raised its position in JPMorgan Chase & Co. (NYSE:JPM) by 6.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,241 shares of the financial services provider’s stock after buying an additional 857 shares during the period. JPMorgan Chase & Co. accounts for about 1.2% of 626 Financial LLC’s investment portfolio, making the stock its 19th biggest position. 626 Financial LLC’s holdings in JPMorgan Chase & Co. were worth $1,941,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd lifted its holdings in JPMorgan Chase & Co. by 13,551.6% in the fourth quarter. Qube Research & Technologies Ltd now owns 322,724 shares of the financial services provider’s stock valued at $51,103,000 after buying an additional 320,360 shares during the period. Marcum Wealth LLC lifted its holdings in JPMorgan Chase & Co. by 2.5% in the fourth quarter. Marcum Wealth LLC now owns 30,375 shares of the financial services provider’s stock valued at $4,810,000 after buying an additional 745 shares during the period. Lipe & Dalton lifted its holdings in JPMorgan Chase & Co. by 8.3% in the fourth quarter. Lipe & Dalton now owns 1,900 shares of the financial services provider’s stock valued at $301,000 after buying an additional 145 shares during the period. Horan Capital Advisors LLC. lifted its holdings in JPMorgan Chase & Co. by 2.7% in the fourth quarter. Horan Capital Advisors LLC. now owns 33,833 shares of the financial services provider’s stock valued at $5,357,000 after buying an additional 901 shares during the period. Finally, D.B. Root & Company LLC lifted its holdings in JPMorgan Chase & Co. by 68.5% in the fourth quarter. D.B. Root & Company LLC now owns 2,405 shares of the financial services provider’s stock valued at $380,000 after buying an additional 978 shares during the period. 70.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on JPM shares. BMO Capital Markets increased their price objective on shares of JPMorgan Chase & Co. from $150.00 to $156.00 in a report on Tuesday, May 24th. Credit Suisse Group lowered their target price on shares of JPMorgan Chase & Co. from $160.00 to $145.00 and set an “outperform” rating for the company in a research note on Friday, July 15th. Evercore ISI lowered their target price on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research note on Friday, July 15th. Oppenheimer lowered their target price on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a research note on Friday, July 15th. Finally, Morgan Stanley lowered their target price on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a research note on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $145.95.

JPMorgan Chase & Co. Stock Up 3.0 %

JPMorgan Chase & Co. stock opened at $115.76 on Friday. The company has a market cap of $339.99 billion, a P/E ratio of 9.29, a price-to-earnings-growth ratio of 2.03 and a beta of 1.12. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96. The company has a fifty day simple moving average of $116.99 and a 200 day simple moving average of $129.47. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.14.

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 business had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the firm earned $3.78 earnings per share. Research analysts anticipate that JPMorgan Chase & Co. will post 11.21 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.10%.

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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