Hudson Capital Management LLC Raises Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Hudson Capital Management LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 8.2% during the second quarter, Holdings Channel.com reports. The fund owned 22,548 shares of the financial services provider’s stock after acquiring an additional 1,710 shares during the period. JPMorgan Chase & Co. accounts for about 1.2% of Hudson Capital Management LLC’s investment portfolio, making the stock its 19th biggest position. Hudson Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,539,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sandy Cove Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 8.5% in the 1st quarter. Sandy Cove Advisors LLC now owns 4,137 shares of the financial services provider’s stock valued at $564,000 after acquiring an additional 324 shares during the period. Clarity Wealth Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 10.2% in the 1st quarter. Clarity Wealth Advisors LLC now owns 20,997 shares of the financial services provider’s stock valued at $2,862,000 after acquiring an additional 1,944 shares during the period. Financial Strategies Group Inc. raised its stake in shares of JPMorgan Chase & Co. by 20.0% in the 1st 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 period. Alpha Omega Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 1.5% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 37,664 shares of the financial services provider’s stock worth $5,134,000 after buying an additional 557 shares during the period. Finally, Cordant Inc. purchased a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $47,000. 68.57% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on JPM shares. Royal Bank of Canada set a $130.00 target price on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 6th. Oppenheimer cut their target price 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. Evercore ISI cut their target price on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research note on Friday, July 15th. Barclays set a $200.00 target price on shares of JPMorgan Chase & Co. in a research note on Monday, July 18th. Finally, Berenberg Bank raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 target price on the stock in a research note on Monday, July 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Hold” and an average target price of $145.95.

JPMorgan Chase & Co. Trading Down 1.1 %

Shares of JPMorgan Chase & Co. stock opened at $111.21 on Friday. The company has a fifty day simple moving average of $116.09 and a 200-day simple moving average of $122.16. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.14. The stock has a market cap of $326.13 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 2.04 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.85 by ($0.09). JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The company had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. During the same quarter in the previous year, the company posted $3.78 EPS. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, equities analysts forecast that JPMorgan Chase & Co. will post 11.33 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 6th will be given a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, October 5th. This represents a $4.00 annualized dividend and a yield of 3.60%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 32.10%.

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.

Further Reading

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

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