Shine Investment Advisory Services Inc. trimmed its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,833 shares of the financial services provider’s stock after selling 110 shares during the period. Shine Investment Advisory Services Inc.’s holdings in JPMorgan Chase & Co. were worth $361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also modified their holdings of the business. NuWave Investment Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at about $30,000. Lion Street Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at about $37,000. Horan Securities Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at about $45,000. Efficient Wealth Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at about $51,000. Finally, Larson Financial Group LLC lifted its position in shares of JPMorgan Chase & Co. by 217.6% during the first quarter. Larson Financial Group LLC now owns 597 shares of the financial services provider’s stock valued at $54,000 after buying an additional 409 shares during the last quarter. Institutional investors own 71.35% of the company’s stock.
Several research firms have commented on JPM. Seaport Global Securities started coverage on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 8th. They set a “buy” rating and a $119.00 price target for the company. TheStreet lowered shares of JPMorgan Chase & Co. from a “b-” rating to a “c” rating in a research report on Monday, May 11th. Wells Fargo & Co increased their price objective on shares of JPMorgan Chase & Co. from $115.00 to $130.00 in a research report on Friday, June 5th. Goldman Sachs Group raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research report on Friday, July 24th. Finally, Oppenheimer reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $110.89.
In other news, CEO Mary E. Erdoes sold 24,554 shares of the firm’s stock in a transaction that occurred on Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total transaction of $2,443,614.08. 0.78% of the stock is owned by company insiders.
Shares of NYSE:JPM opened at $96.64 on Friday. JPMorgan Chase & Co. has a twelve month low of $76.91 and a twelve month high of $141.10. The company’s 50 day moving average is $96.77 and its 200 day moving average is $105.48. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.35. The company has a market cap of $295.62 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 3.25 and a beta of 1.19.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Tuesday, July 14th. The financial services provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.04. The business had revenue of $32.98 billion for the quarter, compared to analysts’ expectations of $30.23 billion. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. The business’s revenue was up 14.7% on a year-over-year basis. During the same quarter last year, the company earned $2.82 EPS. Equities research analysts predict that JPMorgan Chase & Co. will post 5.96 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Monday, July 6th were paid a dividend of $0.90 per share. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.73%. JPMorgan Chase & Co.’s payout ratio is 34.35%.
JPMorgan Chase & Co. Company Profile
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 deposit and investment products 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, payment processing, auto loan, and leasing services.
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