626 Financial LLC Acquires 857 Shares of JPMorgan Chase & Co. (NYSE:JPM)

626 Financial LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,241 shares of the financial services provider’s stock after acquiring an additional 857 shares during the quarter. JPMorgan Chase & Co. comprises about 1.2% of 626 Financial LLC’s investment portfolio, making the stock its 19th largest holding. 626 Financial LLC’s holdings in JPMorgan Chase & Co. were worth $1,941,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Hurlow Wealth Management Group Inc. lifted its position in shares of JPMorgan Chase & Co. by 1.1% during the 4th quarter. Hurlow Wealth Management Group Inc. now owns 6,166 shares of the financial services provider’s stock valued at $793,000 after acquiring an additional 69 shares during the period. Bigelow Investment Advisors LLC increased its stake in JPMorgan Chase & Co. by 1.0% during the 4th quarter. Bigelow Investment Advisors LLC now owns 6,886 shares of the financial services provider’s stock valued at $1,090,000 after purchasing an additional 69 shares in the last quarter. Valley Brook Capital Group Inc. increased its stake in JPMorgan Chase & Co. by 0.4% during the 4th quarter. Valley Brook Capital Group Inc. now owns 18,319 shares of the financial services provider’s stock valued at $2,900,000 after purchasing an additional 70 shares in the last quarter. Cable Hill Partners LLC increased its stake in JPMorgan Chase & Co. by 1.2% during the 4th quarter. Cable Hill Partners LLC now owns 6,063 shares of the financial services provider’s stock valued at $960,000 after purchasing an additional 70 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC increased its stake in JPMorgan Chase & Co. by 1.1% during the 4th quarter. Legacy Wealth Asset Management LLC now owns 6,693 shares of the financial services provider’s stock valued at $1,060,000 after purchasing an additional 71 shares in the last quarter. 70.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on JPM shares. Wells Fargo & Company decreased 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 note on Thursday, July 14th. UBS Group decreased their price target on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating for the company in a research note on Friday, July 15th. Jefferies Financial Group decreased their price target on shares of JPMorgan Chase & Co. from $137.00 to $126.00 and set a “hold” rating for the company in a research note on Monday, July 11th. BMO Capital Markets upped their target price on shares of JPMorgan Chase & Co. from $150.00 to $156.00 in a research note on Tuesday, May 24th. Finally, Oppenheimer reduced their target price on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a research note on Friday, July 15th. 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, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus price target of $145.95.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $115.76 on Friday. The company’s 50-day moving average is $116.99 and its 200 day moving average is $129.47. 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 company has a market capitalization of $339.99 billion, a P/E ratio of 9.29, a price-to-earnings-growth ratio of 2.03 and a beta of 1.12. JPMorgan Chase & Co. has a fifty-two week low of $106.06 and a fifty-two week high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet 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. The company had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the firm earned $3.78 EPS. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 11.21 earnings per share 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 dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Tuesday, July 5th. 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.

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

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