JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Boosted by Pictet & Cie Europe SA

Pictet & Cie Europe SA lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 206,610 shares of the financial services provider’s stock after acquiring an additional 3,500 shares during the period. JPMorgan Chase & Co. accounts for 1.1% of Pictet & Cie Europe SA’s portfolio, making the stock its 26th biggest holding. Pictet & Cie Europe SA’s holdings in JPMorgan Chase & Co. were worth $28,165,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clarity Wealth Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 10.2% in the first quarter. Clarity Wealth Advisors LLC now owns 20,997 shares of the financial services provider’s stock worth $2,862,000 after acquiring an additional 1,944 shares in the last quarter. Financial Strategies Group Inc. lifted its stake in JPMorgan Chase & Co. by 20.0% in the first quarter. Financial Strategies Group Inc. now owns 5,500 shares of the financial services provider’s stock valued at $750,000 after acquiring an additional 916 shares during the last quarter. Alpha Omega Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 1.5% in the first quarter. Alpha Omega Wealth Management LLC now owns 37,664 shares of the financial services provider’s stock valued at $5,134,000 after acquiring an additional 557 shares during the last quarter. Landmark Wealth Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the first quarter worth $46,000. Finally, HMS Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 3.0% in the first quarter. HMS Capital Management LLC now owns 7,472 shares of the financial services provider’s stock worth $1,019,000 after buying an additional 217 shares during the last quarter. Institutional investors own 70.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on JPM shares. 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 research report on Monday, July 11th. Argus reduced their target price on shares of JPMorgan Chase & Co. from $177.00 to $155.00 in a research note on Thursday, April 14th. Evercore ISI reduced their target price on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research note on Friday, July 15th. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $148.00 price target (up previously from $142.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 24th. Finally, Societe Generale upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their target price for the company from $145.00 to $150.00 in a research report on Tuesday, May 24th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $145.95.

JPMorgan Chase & Co. Stock Down 1.0 %

JPM stock opened at $114.21 on Tuesday. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.82. The stock has a market capitalization of $335.44 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 2.06 and a beta of 1.12. The business’s fifty day moving average price is $118.19 and its two-hundred day moving average price is $130.27. JPMorgan Chase & Co. has a fifty-two week low of $106.06 and a fifty-two week high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, hitting 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 for the quarter, compared to analysts’ expectations of $31.82 billion. During the same quarter last year, the business earned $3.78 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 11.21 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th were paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date of this dividend was Tuesday, July 5th. JPMorgan Chase & Co.’s payout ratio is 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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