JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by SOA Wealth Advisors LLC.

SOA Wealth Advisors LLC. lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 4.7% in the second quarter, HoldingsChannel.com reports. The firm owned 21,792 shares of the financial services provider’s stock after selling 1,072 shares during the period. SOA Wealth Advisors LLC.’s holdings in JPMorgan Chase & Co. were worth $2,454,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 2.6% during the first quarter. Vanguard Group Inc. now owns 266,854,574 shares of the financial services provider’s stock valued at $36,377,615,000 after acquiring an additional 6,792,220 shares during the period. State Street Corp boosted its holdings in shares of JPMorgan Chase & Co. by 1.6% during the fourth quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $22,441,376,000 after acquiring an additional 2,277,065 shares during the period. Capital Research Global Investors boosted its holdings in shares of JPMorgan Chase & Co. by 4.5% during the first quarter. Capital Research Global Investors now owns 36,611,171 shares of the financial services provider’s stock valued at $4,990,845,000 after acquiring an additional 1,590,742 shares during the period. Norges Bank bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $4,092,843,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of JPMorgan Chase & Co. by 4.7% during the first quarter. Dimensional Fund Advisors LP now owns 19,360,635 shares of the financial services provider’s stock valued at $2,639,810,000 after purchasing an additional 877,422 shares in the last quarter. Institutional investors and hedge funds own 68.57% of the company’s stock.

JPMorgan Chase & Co. Trading Down 1.1 %

Shares of JPM opened at $111.21 on Friday. The business’s 50-day moving average price is $116.09 and its 200 day moving average price is $122.16. The stock has a market capitalization of $326.13 billion, a P/E ratio of 8.93, a P/E/G ratio of 2.04 and a beta of 1.10. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year 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.

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

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be paid a dividend of $1.00 per share. The ex-dividend date 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 presently 32.10%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on JPM shares. Evercore ISI cut their price objective on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research note on Friday, July 15th. Jefferies Financial Group set a $117.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, September 12th. Wells Fargo & Company cut their price objective on shares of JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 14th. Citigroup upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and cut their price objective for the company from $145.00 to $135.00 in a research note on Tuesday, July 12th. Finally, Berenberg Bank upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price objective on the stock in a research note on Monday, July 18th. One 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, the stock currently has a consensus rating of “Hold” and a consensus price target 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

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMGet Rating).

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

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