JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Boyer & Corporon Wealth Management LLC

Boyer & Corporon Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,537 shares of the financial services provider’s stock after purchasing an additional 747 shares during the quarter. JPMorgan Chase & Co. makes up about 2.1% of Boyer & Corporon Wealth Management LLC’s portfolio, making the stock its 22nd biggest holding. Boyer & Corporon Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $7,162,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in JPM. State Street Corp boosted its position in shares of JPMorgan Chase & Co. by 1.6% during 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 during the last quarter. Geode Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 1.5% during 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 during the last quarter. Norges Bank acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $4,092,843,000. Charles Schwab Investment Management Inc. boosted its position in shares of JPMorgan Chase & Co. by 1.6% during 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 during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in JPMorgan Chase & Co. by 1.4% in the fourth 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 buying an additional 160,698 shares during the last quarter. Institutional investors and hedge funds own 70.35% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent analyst reports. Jefferies Financial Group decreased 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 research report on Monday, July 11th. Oppenheimer cut their price target on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating on the stock in a research note on Friday, July 15th. Barclays set a $200.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 18th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $148.00 price target (up from $142.00) on shares of JPMorgan Chase & Co. in a research note on Tuesday, May 24th. Finally, UBS Group cut their price target on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, July 15th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $145.95.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $114.21 on Tuesday. The stock has a 50 day moving average price of $118.19 and a 200 day moving average price of $130.27. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.14. The company has a market capitalization of $335.44 billion, a price-to-earnings ratio of 9.17, a price-to-earnings-growth ratio of 2.06 and a beta of 1.12. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $2.76. The firm had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the company posted $3.78 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 11.21 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. Stockholders of record on Wednesday, July 6th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.50%. The ex-dividend date was Tuesday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 32.10%.

JPMorgan Chase & Co. Company Profile

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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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