Wealth Dimensions Group Ltd. Sells 258 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Wealth Dimensions Group Ltd. decreased its position in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 3.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,293 shares of the financial services provider’s stock after selling 258 shares during the quarter. Wealth Dimensions Group Ltd.’s holdings in JPMorgan Chase & Co. were worth $858,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Clarity Wealth Advisors LLC raised its holdings in 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 purchasing an additional 1,944 shares in the last quarter. Financial Strategies Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 20.0% during 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 in the last quarter. Alpha Omega Wealth Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 1.5% during 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 in the last quarter. Landmark Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. during the first quarter valued at $46,000. Finally, HMS Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 3.0% during the first quarter. HMS Capital Management LLC now owns 7,472 shares of the financial services provider’s stock valued at $1,019,000 after acquiring an additional 217 shares in the last quarter. Institutional investors own 70.35% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Royal Bank of Canada reduced their price target on JPMorgan Chase & Co. to $130.00 in a report on Thursday, July 14th. Barclays set a $200.00 price target on JPMorgan Chase & Co. in a report on Monday, July 18th. UBS Group dropped their price objective on JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating on the stock in a research report on Friday, July 15th. Argus dropped their price objective on JPMorgan Chase & Co. from $177.00 to $155.00 in a research report on Thursday, April 14th. Finally, Credit Suisse Group dropped their price objective on JPMorgan Chase & Co. from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, July 15th. One investment 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. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $145.95.

JPMorgan Chase & Co. Stock Down 1.0 %

NYSE JPM opened at $114.21 on Tuesday. The stock’s 50-day moving average price is $118.19 and its 200-day moving average price is $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. JPMorgan Chase & Co. has a 52 week low of $106.06 and a 52 week high of $172.96. The company has a market capitalization of $335.44 billion, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 2.06 and a beta of 1.12.

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, 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 the consensus estimate of $31.82 billion. During the same quarter last year, the company earned $3.78 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. On average, equities research analysts predict that JPMorgan Chase & Co. will post 11.21 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.50%. The ex-dividend date of this dividend was Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) 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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