AlphaCore Capital LLC Raises Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

AlphaCore Capital LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 293.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,664 shares of the financial services provider’s stock after purchasing an additional 5,716 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.4% of AlphaCore Capital LLC’s investment portfolio, making the stock its 22nd largest holding. AlphaCore Capital LLC’s holdings in JPMorgan Chase & Co. were worth $1,045,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Hurlow Wealth Management Group Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 1.1% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 6,166 shares of the financial services provider’s stock valued at $793,000 after buying an additional 69 shares during the period. Bigelow Investment Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.0% in the 4th quarter. Bigelow Investment Advisors LLC now owns 6,886 shares of the financial services provider’s stock valued at $1,090,000 after buying an additional 69 shares during the period. Valley Brook Capital Group Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 0.4% in the 4th quarter. Valley Brook Capital Group Inc. now owns 18,319 shares of the financial services provider’s stock valued at $2,900,000 after buying an additional 70 shares during the period. Cable Hill Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.2% in the 4th quarter. Cable Hill Partners LLC now owns 6,063 shares of the financial services provider’s stock valued at $960,000 after buying an additional 70 shares during the period. Finally, Legacy Wealth Asset Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.1% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 6,693 shares of the financial services provider’s stock valued at $1,060,000 after buying an additional 71 shares during the period. 70.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of analyst reports. Oppenheimer reduced their price target on JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a report on Friday, July 15th. Societe Generale raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price target for the stock from $145.00 to $150.00 in a report on Tuesday, May 24th. Jefferies Financial Group reduced their price target on JPMorgan Chase & Co. from $137.00 to $126.00 and set a “hold” rating for the company in a report on Monday, July 11th. Piper Sandler reduced their price target on JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating for the company in a report on Friday, July 1st. Finally, Argus reduced their price target on JPMorgan Chase & Co. from $177.00 to $155.00 in a report on Thursday, April 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus target price of $145.95.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $112.43 on Wednesday. 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 business has a 50 day simple moving average of $117.91 and a 200-day simple moving average of $130.14. The firm has a market capitalization of $330.21 billion, a PE ratio of 9.02, a price-to-earnings-growth ratio of 2.06 and a beta of 1.12. JPMorgan Chase & Co. has a 1 year low of $106.06 and a 1 year high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted 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 business had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The business’s revenue was up .8% compared to the same quarter last year. During the same period in the prior year, the business earned $3.78 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 11.21 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, July 31st. Investors of record on Wednesday, July 6th were given a $1.00 dividend. The ex-dividend date was Tuesday, July 5th. This represents a $4.00 annualized dividend and a yield of 3.56%. JPMorgan Chase & Co.’s payout ratio is 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.

Further Reading

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

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