Wedge Capital Management L L P NC Acquires 96 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Wedge Capital Management L L P NC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,853 shares of the financial services provider’s stock after buying an additional 96 shares during the quarter. Wedge Capital Management L L P NC’s holdings in JPMorgan Chase & Co. were worth $546,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of JPM. Dimension Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 2.1% in the 4th quarter. Dimension Capital Management LLC now owns 3,561 shares of the financial services provider’s stock worth $565,000 after purchasing an additional 72 shares in the last quarter. Legacy Capital Partners Inc. increased its holdings in JPMorgan Chase & Co. by 1.4% in the 1st quarter. Legacy Capital Partners Inc. now owns 5,591 shares of the financial services provider’s stock worth $762,000 after purchasing an additional 75 shares in the last quarter. Tennessee Valley Asset Management Partners increased its holdings in JPMorgan Chase & Co. by 1.2% in the 1st quarter. Tennessee Valley Asset Management Partners now owns 6,634 shares of the financial services provider’s stock worth $904,000 after purchasing an additional 78 shares in the last quarter. F M Investments LLC increased its holdings in JPMorgan Chase & Co. by 1.8% in the 1st quarter. F M Investments LLC now owns 4,588 shares of the financial services provider’s stock worth $625,000 after purchasing an additional 80 shares in the last quarter. Finally, First National Bank of Hutchinson increased its holdings in JPMorgan Chase & Co. by 1.2% in the 1st quarter. First National Bank of Hutchinson now owns 6,759 shares of the financial services provider’s stock worth $921,000 after purchasing an additional 81 shares in the last quarter. 68.57% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Down 2.0 %

Shares of JPMorgan Chase & Co. stock opened at $115.83 on Wednesday. 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 current ratio of 0.83 and a quick ratio of 0.83. The stock’s 50-day moving average is $115.96 and its 200 day moving average is $122.40. The firm has a market cap of $339.68 billion, a price-to-earnings ratio of 9.30, a PEG ratio of 2.07 and a beta of 1.10.

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, 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 business had revenue of $30.72 billion for the quarter, compared to analyst estimates of $31.82 billion. During the same quarter in the prior year, the company earned $3.78 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. Equities research analysts anticipate that JPMorgan Chase & Co. will post 11.32 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.45%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.10%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on JPM shares. UBS Group lowered their target price on JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating for the company in a report on Friday, July 15th. Barclays set a $200.00 price target on JPMorgan Chase & Co. in a research note on Monday, July 18th. Oppenheimer decreased their price target on JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a research note on Friday, July 15th. 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 research note on Monday, July 18th. Finally, Wells Fargo & Company decreased their price target on JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating for the company in a research note on Thursday, July 14th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and an average target price of $145.95.

JPMorgan Chase & Co. 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.

See Also

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

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