First Foundation Advisors Grows Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

First Foundation Advisors lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 9.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 226,606 shares of the financial services provider’s stock after purchasing an additional 19,666 shares during the period. JPMorgan Chase & Co. comprises about 1.1% of First Foundation Advisors’ holdings, making the stock its 23rd largest holding. First Foundation Advisors’ holdings in JPMorgan Chase & Co. were worth $30,891,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of JPM. Sandy Cove Advisors LLC raised its stake 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 buying an additional 324 shares in the last quarter. Clarity Wealth Advisors LLC raised its stake 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 buying an additional 1,944 shares in the last quarter. Financial Strategies Group Inc. raised its stake 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 buying an additional 916 shares in the last quarter. Alpha Omega Wealth Management LLC raised its stake 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 buying an additional 557 shares in the last quarter. Finally, Landmark Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at $46,000. 70.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JPM. The Goldman Sachs Group set a $151.00 price target on JPMorgan Chase & Co. and gave the company a “buy” rating in a research note on Thursday, April 14th. Citigroup upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and cut their price target for the company from $145.00 to $135.00 in a research note on Tuesday, July 12th. BMO Capital Markets lifted their target price on JPMorgan Chase & Co. from $150.00 to $156.00 in a research report on Tuesday, May 24th. Credit Suisse Group cut their target price on JPMorgan Chase & Co. from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, July 15th. Finally, Jefferies Financial Group cut their target price on JPMorgan Chase & Co. from $137.00 to $126.00 and set a “hold” rating on the stock in a research report on Monday, July 11th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $145.95.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $115.76 on Friday. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96. The stock’s 50-day moving average price is $116.99 and its 200 day moving average price is $129.47. The stock has a market capitalization of $339.99 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 2.03 and a beta of 1.12. The company has a quick ratio of 0.82, a current 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, meeting analysts’ consensus estimates of $2.76. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The company had revenue of $30.72 billion for the quarter, compared to analyst estimates of $31.82 billion. During the same quarter in the previous year, the company earned $3.78 EPS. The firm’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 11.21 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th were issued 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 presently 32.10%.

JPMorgan Chase & Co. Profile

(Get Rating)

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

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMGet Rating).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.