JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Stockman Wealth Management Inc.

Stockman Wealth Management Inc. raised its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 9.9% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,272 shares of the financial services provider’s stock after acquiring an additional 6,492 shares during the quarter. JPMorgan Chase & Co. makes up about 2.0% of Stockman Wealth Management Inc.’s holdings, making the stock its 10th largest holding. Stockman Wealth Management Inc.’s holdings in JPMorgan Chase & Co. were worth $9,852,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Sandy Cove Advisors LLC increased its holdings in shares of 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 last quarter. Clarity Wealth Advisors LLC increased its holdings in shares of 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 last quarter. Financial Strategies Group Inc. increased its holdings in shares of 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 last quarter. Alpha Omega Wealth Management LLC increased its holdings in shares of 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 last quarter. Finally, Landmark Wealth Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter valued at approximately $46,000. Institutional investors and hedge funds own 70.35% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on JPM. Evercore ISI lowered their price objective on JPMorgan Chase & Co. from $135.00 to $125.00 in a research report on Friday, July 15th. Morgan Stanley lowered their price objective on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a research report on Tuesday, July 12th. Piper Sandler lowered their price objective on JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating for the company in a research report on Friday, July 1st. Oppenheimer lowered their price objective on JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a research report on Friday, July 15th. Finally, Wells Fargo & Company lowered their price objective on JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating for the company in a research report on Thursday, July 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $145.95.

JPMorgan Chase & Co. Trading Up 3.0 %

NYSE:JPM opened at $115.76 on Friday. The firm has a market cap 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 stock has a fifty day moving average price of $116.99 and a 200 day moving average price of $129.47. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96. 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:JPM – Get Rating) last released its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.76. The firm 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%. JPMorgan Chase & Co.’s revenue was up .8% compared to the same quarter last year. During the same period last year, the business posted $3.78 earnings per share. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 11.21 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, July 31st. Investors of record on Wednesday, July 6th were issued a $1.00 dividend. The ex-dividend date of this dividend was Tuesday, July 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.46%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 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.