Schneider Downs Wealth Management Advisors LP Raises Position in JPMorgan Chase & Co. (NYSE:JPM)

Schneider Downs Wealth Management Advisors LP increased its holdings in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 23.6% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,511 shares of the financial services provider’s stock after purchasing an additional 1,436 shares during the quarter. Schneider Downs Wealth Management Advisors LP’s holdings in JPMorgan Chase & Co. were worth $846,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Dimension Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 2.1% during the 4th quarter. Dimension Capital Management LLC now owns 3,561 shares of the financial services provider’s stock valued at $565,000 after purchasing an additional 72 shares in the last quarter. Legacy Capital Partners Inc. boosted its stake in JPMorgan Chase & Co. by 1.4% during the first quarter. Legacy Capital Partners Inc. now owns 5,591 shares of the financial services provider’s stock worth $762,000 after acquiring an additional 75 shares in the last quarter. Tennessee Valley Asset Management Partners boosted its stake in JPMorgan Chase & Co. by 1.2% during the first quarter. Tennessee Valley Asset Management Partners now owns 6,634 shares of the financial services provider’s stock worth $904,000 after acquiring an additional 78 shares in the last quarter. F M Investments LLC boosted its stake in JPMorgan Chase & Co. by 1.8% during the first quarter. F M Investments LLC now owns 4,588 shares of the financial services provider’s stock worth $625,000 after acquiring an additional 80 shares in the last quarter. Finally, First National Bank of Hutchinson boosted its stake in JPMorgan Chase & Co. by 1.2% during the first quarter. First National Bank of Hutchinson now owns 6,759 shares of the financial services provider’s stock worth $921,000 after acquiring an additional 81 shares in the last quarter. Hedge funds and other institutional investors own 68.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on JPM shares. Evercore ISI dropped their target price on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research note on Friday, July 15th. Credit Suisse Group set a $145.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, August 8th. Oppenheimer dropped their target price on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating on the stock in a research note on Friday, July 15th. Barclays set a $200.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 18th. Finally, Morgan Stanley dropped their target price on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus price target of $145.95.

JPMorgan Chase & Co. Stock Down 1.1 %

Shares of JPM stock opened at $111.21 on Friday. JPMorgan Chase & Co. has a 12 month low of $106.06 and a 12 month high of $172.96. The stock has a market cap of $326.13 billion, a P/E ratio of 8.93, a P/E/G ratio of 2.04 and a beta of 1.10. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.14. The company has a 50 day simple moving average of $116.09 and a two-hundred day simple moving average of $122.16.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its earnings results on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.09). JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The business had revenue of $30.72 billion for the quarter, compared to analysts’ expectations of $31.82 billion. During the same period in the prior year, the company posted $3.78 earnings per share. The firm’s quarterly revenue was up .8% on a year-over-year basis. On average, research analysts expect that JPMorgan Chase & Co. will post 11.33 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be issued a dividend of $1.00 per share. The ex-dividend date is Wednesday, October 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.60%. JPMorgan Chase & Co.’s dividend payout ratio 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.

See Also

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

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