Principal Street Partners LLC Boosts Position in JPMorgan Chase & Co. (NYSE:JPM)

Principal Street Partners LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 4.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 33,339 shares of the financial services provider’s stock after buying an additional 1,545 shares during the period. Principal Street Partners LLC’s holdings in JPMorgan Chase & Co. were worth $4,544,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Landmark Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at approximately $46,000. Evolution Advisers Inc. acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $52,000. Leverty Financial Group LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $54,000. Delos Wealth Advisors LLC grew its position in JPMorgan Chase & Co. by 13,433.3% in the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock valued at $64,000 after acquiring an additional 403 shares in the last quarter. Finally, Bromfield Sneider Wealth Advisors acquired a new stake in JPMorgan Chase & Co. in the first quarter valued at approximately $76,000. Hedge funds and other institutional investors own 70.35% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $115.76 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.82 and a current ratio of 0.83. The stock has a market capitalization of $339.99 billion, a price-to-earnings ratio of 9.29, a PEG 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 stock’s fifty day moving average is $116.99 and its two-hundred day moving average is $129.47.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted 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 company had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The firm’s quarterly 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. On average, research analysts predict that JPMorgan Chase & Co. will post 11.21 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced 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 was Tuesday, July 5th. JPMorgan Chase & Co.’s payout ratio is 32.10%.

Analysts Set New Price Targets

Several analysts have issued reports on JPM shares. Morgan Stanley lowered their price objective 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. Royal Bank of Canada decreased their price target on shares of JPMorgan Chase & Co. to $130.00 in a research report on Thursday, July 14th. Evercore ISI decreased their price target on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research report on Friday, July 15th. Credit Suisse Group decreased their price target on shares of JPMorgan Chase & Co. from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, July 15th. Finally, BMO Capital Markets raised their price target on shares of JPMorgan Chase & Co. from $150.00 to $156.00 in a research report on Tuesday, May 24th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $145.95.

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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