Riverpoint Wealth Management Holdings LLC Buys Shares of 1,860 JPMorgan Chase & Co. (NYSE:JPM)

Riverpoint Wealth Management Holdings LLC bought a new stake in JPMorgan Chase & Co. (NYSE:JPM) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 1,860 shares of the financial services provider’s stock, valued at approximately $254,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $4,092,843,000. GQG Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 403.3% during the fourth quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider’s stock worth $806,728,000 after acquiring an additional 4,083,231 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of JPMorgan Chase & Co. by 1,543.7% during the fourth quarter. Renaissance Technologies LLC now owns 3,341,486 shares of the financial services provider’s stock worth $529,124,000 after acquiring an additional 3,138,200 shares during the last quarter. State Street Corp grew its stake in shares of JPMorgan Chase & Co. by 1.6% during the fourth quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock worth $22,441,376,000 after acquiring an additional 2,277,065 shares during the last quarter. Finally, Schroder Investment Management Group grew its stake in shares of JPMorgan Chase & Co. by 21.4% during the fourth quarter. Schroder Investment Management Group now owns 5,393,466 shares of the financial services provider’s stock worth $854,055,000 after acquiring an additional 952,346 shares during the last quarter. Hedge funds and other institutional investors own 70.35% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.5 %

NYSE JPM opened at $115.36 on Monday. The business has a fifty day moving average price of $118.40 and a 200 day moving average price of $130.58. JPMorgan Chase & Co. has a one year low of $106.06 and a one year 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 company has a market cap of $338.82 billion, a P/E ratio of 9.26, a P/E/G ratio of 2.05 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, meeting the consensus estimate of $2.76. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The firm had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $31.82 billion. During the same period in the prior year, the company earned $3.78 EPS. The firm’s revenue was up .8% compared to the same quarter last year. Research analysts anticipate that JPMorgan Chase & Co. will post 11.23 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, July 31st. Investors of record on Wednesday, July 6th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 3.47%. The ex-dividend date was Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.10%.

Wall Street Analyst Weigh In

JPM has been the topic of a number of research analyst reports. Barclays set a $200.00 price target on JPMorgan Chase & Co. in a research note on Monday, July 18th. Jefferies Financial Group dropped their target price on JPMorgan Chase & Co. from $137.00 to $126.00 and set a “hold” rating on the stock in a research report on Monday, July 11th. Argus dropped their target price on JPMorgan Chase & Co. from $177.00 to $155.00 in a research report on Thursday, April 14th. The Goldman Sachs Group set a $151.00 target price on JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Thursday, April 14th. Finally, Berenberg Bank raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price target for the company in a report on Monday, July 18th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $145.95.

About JPMorgan Chase & Co.

(Get Rating)

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.

Featured Articles

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMGet Rating).

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

Want More Great Investing Ideas?

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.