JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by GenWealth Group Inc.

GenWealth Group Inc. lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,729 shares of the financial services provider’s stock after purchasing an additional 147 shares during the period. GenWealth Group Inc.’s holdings in JPMorgan Chase & Co. were worth $645,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Landmark Wealth Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $46,000. Evolution Advisers Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $52,000. Leverty Financial Group LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $54,000. Delos Wealth Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 13,433.3% during the 4th quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock worth $64,000 after buying an additional 403 shares during the last quarter. Finally, Bromfield Sneider Wealth Advisors purchased a new stake in shares of JPMorgan Chase & Co. during the 1st quarter worth approximately $76,000. Institutional investors and hedge funds own 70.35% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on JPM. BMO Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $156.00 in a research report on Tuesday, May 24th. Societe Generale upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price target for the company from $145.00 to $150.00 in a research report on Tuesday, May 24th. Morgan Stanley reduced their price target on shares of 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. Wells Fargo & Company reduced their price target on shares of 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. Finally, Berenberg Bank upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price target for the company in a research report on Monday, July 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $145.95.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $115.76 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.82. 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. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96. The business’s fifty day moving average price is $116.99 and its 200 day moving average price is $129.47.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, hitting 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 firm had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $31.82 billion. During the same quarter last year, the business posted $3.78 EPS. JPMorgan Chase & Co.’s revenue was up .8% on a year-over-year basis. 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 declared a quarterly dividend, which was paid on Sunday, July 31st. Shareholders 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 annualized dividend and a dividend yield of 3.46%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) 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.