Annapolis Financial Services LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE: JPM) by 22.1% in the first quarter, reports Holdings Channel.com. The fund held 1,654 shares of the financial services provider after buying an additional 299 shares during the period. Annapolis Financial Services LLC’s holdings in JPMorgan Chase & Co. were worth $225,000 at the end of the last quarter.
A number of other institutional investors also changed their positions in the stock. Landmark Wealth Management LLC bought a new stock position in JPMorgan Chase & Co. in the first quarter, valued at around $46,000. Evolution Advisers Inc. bought a new position in JPMorgan Chase & Co. stock in the fourth quarter valued at around $52,000. Leverty Financial Group LLC bought a new stock position in JPMorgan Chase & Co. in the fourth quarter, valued at around $54,000. Delos Wealth Advisors LLC increased its equity stake 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 valued at $64,000 after purchasing an additional 403 shares during the period. Finally, Bromfield Sneider Wealth Advisors bought a new stock position in JPMorgan Chase & Co. in the first quarter, valued at around $76,000. 70.35% of the shares are currently held by institutional investors and hedge funds.
Analyst upgrades and downgrades
Several research analysts have recently commented on JPM shares. Royal Bank of Canada lowered its price target on JPMorgan Chase & Co. shares to $130.00 in a Thursday, July 14 research note. Jefferies Financial Group lowered its price target on JPMorgan Chase & Co. shares from $137.00 to $126.00 and set a “holding” rating for the company in a Monday, July 11 research note. Oppenheimer cut his price target on JPMorgan Chase & Co. shares from $154.00 to $153.00 and set an “outperform” rating for the company in a Friday, July 15 research note. Goldman Sachs Group has set a price target of $151.00 on JPMorgan Chase & Co. shares and assigned the stock a “buy” rating in a Thursday, April 14 research note. Finally, Argus lowered its price target on JPMorgan Chase & Co. shares from $177.00 to $155.00 in a Thursday, April 14 research note. One research analyst rated the stock with a sell rating, eight issued a hold rating and nine gave the company’s stock a buy rating. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average target price of $145.95.
JPMorgan Chase & Co. Stock up 0.7%
Shares of NYSE:JPM opened at $115.32 on Friday. The company has a market capitalization of $338.70 billion, a PE ratio of 9.26, a P/E/G ratio of 2.04 and a beta of 1.15. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt ratio of 1.14. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96. The company has a 50-day simple moving average of $118.93 and a 200-day simple moving average of $133.26.
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, hitting the consensus estimate of $2.76. The company posted revenue of $30.72 billion in the quarter, versus a consensus estimate of $31.82 billion. JPMorgan Chase & Co. posted a net margin of 30.41% and a return on equity of 15.29%. The company’s revenue increased by 0.8% compared to the same quarter last year. In the same quarter of the previous year, the company achieved EPS of $3.78. On average, stock analysts predict that JPMorgan Chase & Co. will post an EPS of 11.24 for the current fiscal year.
JPMorgan Chase & Co. dividend announcement
The company also recently announced a quarterly dividend, which will be paid on Sunday, July 31. Shareholders of record on Wednesday, July 6 will receive a dividend of $1.00. The ex-dividend date is Tuesday, July 5. This represents a dividend of $4.00 on an annualized basis and a dividend yield of 3.47%. JPMorgan Chase & Co.’s payout ratio is 32.10%.
About JPMorgan Chase & Co.
(Get a rating)
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.
Want to see what other hedge funds hold JPM? Visit HoldingsChannel.com for the latest 13F filings and insider trading for JPMorgan Chase & Co. (NYSE:JPM – Get Rating).
Get news and reviews for JPMorgan Chase & Co. Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com’s free daily email newsletter.