78,929 Shares in JPMorgan Chase & Co. (NYSE:JPM) Acquired by Walter Public Investments Inc.

Walter Public Investments Inc. acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 78,929 shares of the financial services provider’s stock, valued at approximately $9,768,000. JPMorgan Chase & Co. comprises about 3.3% of Walter Public Investments Inc.’s portfolio, making the stock its 15th biggest holding.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. KLCM Advisors Inc. boosted its stake in JPMorgan Chase & Co. by 0.5% during the 4th quarter. KLCM Advisors Inc. now owns 12,800 shares of the financial services provider’s stock worth $2,027,000 after acquiring an additional 69 shares during the last quarter. Hurlow Wealth Management Group Inc. raised its holdings in 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 worth $793,000 after buying an additional 69 shares during the period. Bigelow Investment Advisors LLC raised its holdings 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 worth $1,090,000 after buying an additional 69 shares during the period. Valley Brook Capital Group Inc. raised its holdings 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 worth $2,900,000 after buying an additional 70 shares during the period. Finally, Cable Hill Partners LLC raised its holdings 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 worth $960,000 after buying an additional 70 shares during the period. Institutional investors own 70.35% of the company’s stock.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $115.36 on Monday. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.14. The firm has a fifty day simple moving average of $118.40 and a 200 day simple moving average of $130.58. The stock has a market capitalization of $338.82 billion, a PE ratio of 9.26, a P/E/G ratio of 2.05 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, meeting the consensus estimate of $2.76. 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 during the quarter, compared to analysts’ expectations of $31.82 billion. During the same period last year, the business earned $3.78 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. On average, research analysts expect that JPMorgan Chase & Co. will post 11.23 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th were given a dividend of $1.00 per share. The ex-dividend date was Tuesday, July 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.47%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 32.10%.

Analysts Set New Price Targets

Several brokerages have commented on JPM. 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 report on Tuesday, July 12th. Argus dropped their target price on shares of JPMorgan Chase & Co. from $177.00 to $155.00 in a report on Thursday, April 14th. Jefferies Financial Group dropped their target price on shares of JPMorgan Chase & Co. from $137.00 to $126.00 and set a “hold” rating on the stock in a report on Monday, July 11th. Wells Fargo & Company lowered their price objective on shares of JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating on the stock in a report on Thursday, July 14th. Finally, Evercore ISI lowered their price objective on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently 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 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.