AllSquare Wealth Management LLC Sells 577 Shares of JPMorgan Chase & Co. (NYSE:JPM)

AllSquare Wealth Management LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 8.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,566 shares of the financial services provider’s stock after selling 577 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.5% of AllSquare Wealth Management LLC’s holdings, making the stock its 26th largest position. AllSquare Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $895,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in JPM. State Street Corp lifted its position in JPMorgan Chase & Co. by 1.6% in the 4th quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $22,441,376,000 after acquiring an additional 2,277,065 shares in the last quarter. Geode Capital Management LLC lifted its position in JPMorgan Chase & Co. by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 47,806,506 shares of the financial services provider’s stock valued at $7,548,705,000 after acquiring an additional 687,571 shares in the last quarter. Norges Bank bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at approximately $4,092,843,000. Charles Schwab Investment Management Inc. lifted its position in JPMorgan Chase & Co. by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 17,802,465 shares of the financial services provider’s stock valued at $2,819,021,000 after acquiring an additional 273,693 shares in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in JPMorgan Chase & Co. by 1.4% in the 4th quarter. Parametric Portfolio Associates LLC now owns 11,276,722 shares of the financial services provider’s stock valued at $1,785,669,000 after acquiring an additional 160,698 shares in the last quarter. 70.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on JPM shares. BMO Capital Markets upped their price objective on JPMorgan Chase & Co. from $150.00 to $156.00 in a research report on Tuesday, May 24th. Citigroup upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and decreased their target price for the company from $145.00 to $135.00 in a research note on Tuesday, July 12th. Evercore ISI decreased their target price on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research note on Friday, July 15th. Royal Bank of Canada decreased their target price on shares of JPMorgan Chase & Co. to $130.00 in a research note on Thursday, July 14th. Finally, Argus decreased their target price on shares of JPMorgan Chase & Co. from $177.00 to $155.00 in a research note on Thursday, April 14th. 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.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus price target of $145.95.

JPMorgan Chase & Co. Trading Up 0.5 %

Shares of JPM stock opened at $115.36 on Monday. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96. 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 firm has a market capitalization of $338.82 billion, a PE ratio of 9.26, a PEG ratio of 2.05 and a beta of 1.15. The stock has a fifty day simple moving average of $118.40 and a two-hundred day simple moving average of $130.58.

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 (EPS) for the quarter, hitting analysts’ consensus estimates of $2.76. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The business had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. During the same quarter in the prior year, the business posted $3.78 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up .8% compared to the same quarter last year. On average, analysts predict 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 issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.47%. The ex-dividend date was Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 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.

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

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