Maltin Wealth Management Inc. lowered its position in JPMorgan Chase & Co. (NYSE:JPM) shares by 12.5% during the first quarter, according to its latest disclosure to the Securities & Exchange Commission. The company held 5,121 shares of the financial services provider after selling 731 shares during the period. Maltin Wealth Management Inc.’s holdings in JPMorgan Chase & Co. were worth $698,000 when it last filed with the SEC.
Other hedge funds have also recently changed their positions in the business. Landmark Wealth Management LLC acquired a new equity stake in JPMorgan Chase & Co. during the first quarter valued at approximately $46,000. Evolution Advisers Inc. acquired a new equity stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $52,000. Leverty Financial Group LLC acquired a new equity stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $54,000. Delos Wealth Advisors LLC increased its position in JPMorgan Chase & Co. shares by 13,433.3% during the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider worth $64,000 after buying 403 additional shares in the last quarter. Finally, Bromfield Sneider Wealth Advisors acquired a new equity stake in JPMorgan Chase & Co. during the first quarter worth approximately $76,000. Hedge funds and other institutional investors hold 70.35% of the company’s shares.
Price performance of JPMorgan Chase & Co.
Shares of NYSE JPM opened at $115.76 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $106.06 and a fifty-two week high of $172.96. The company’s 50-day simple moving average is $116.99 and its 200-day simple moving average is $129.33. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt ratio of 1.14. The stock has a market capitalization of $339.47 billion, a P/E ratio of 9.29, a P/E/G ratio of 2.00 and a beta of 1.12.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released quarterly earnings data on Thursday, July 14. The financial services provider reported earnings per share of $2.76 for the quarter, matching analyst consensus estimates of $2.76. JPMorgan Chase & Co. posted a net margin of 30.41% and a return on equity of 15.29%. The company posted revenue of $30.72 billion for the quarter, versus $31.82 billion expected by analysts. In the same period a year earlier, the company had earned earnings per share of $3.78. The company’s revenue increased 0.8% year-over-year. Equity analysts expect JPMorgan Chase & Co. to post EPS of 11.21 for the current year.
JPMorgan Chase & Co. announces dividend
The company also recently declared a quarterly dividend, which was paid on Sunday, July 31. Shareholders of record on Wednesday, July 6 received a dividend of $1.00. This represents an annualized dividend of $4.00 and a yield of 3.46%. The ex-dividend date was Tuesday, July 5. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.10%.
Analysts set new price targets
A number of analysts have weighed in on JPM shares recently. Barclays set a price target of $200.00 on JPMorgan Chase & Co. shares in a Monday, July 18 research report. Evercore ISI lowered its price target on JPMorgan Chase & Co. shares from $135.00 to $125.00 in a Friday, July 15 research report. Citigroup upgraded JPMorgan Chase & Co. shares from a “neutral” rating to a “buy” rating and lowered its price target for the stock from $145.00 to $135.00 in a report of search for Tuesday, July 12. Royal Bank of Canada lowered its price target on JPMorgan Chase & Co. shares to $130.00 in a Thursday, July 14, report. Finally, Oppenheimer cut his price target on JPMorgan Chase & Co. stock from $154.00 to $153.00 and set an “outperform” rating for the company in a Friday, July 15 report. One analyst rated the stock with a sell rating, eight assigned a hold rating and nine assigned a buy rating. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average price target of $145.95.
About JPMorgan Chase & Co.
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JPMorgan Chase & Co operates as a worldwide financial services company. 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 consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.
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