Berkeley Capital Partners LLC Purchases 2,635 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Berkeley Capital Partners LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPMGet Rating) by 57.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,192 shares of the financial services provider’s stock after acquiring an additional 2,635 shares during the quarter. Berkeley Capital Partners LLC’s holdings in JPMorgan Chase & Co. were worth $980,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JPM. Qube Research & Technologies Ltd raised its position in JPMorgan Chase & Co. by 13,551.6% during the fourth quarter. Qube Research & Technologies Ltd now owns 322,724 shares of the financial services provider’s stock worth $51,103,000 after acquiring an additional 320,360 shares in the last quarter. Marcum Wealth LLC raised its position in shares of JPMorgan Chase & Co. by 2.5% in the fourth quarter. Marcum Wealth LLC now owns 30,375 shares of the financial services provider’s stock valued at $4,810,000 after purchasing an additional 745 shares during the period. Lipe & Dalton raised its position in shares of JPMorgan Chase & Co. by 8.3% in the fourth quarter. Lipe & Dalton now owns 1,900 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 145 shares during the period. Horan Capital Advisors LLC. raised its position in shares of JPMorgan Chase & Co. by 2.7% in the fourth quarter. Horan Capital Advisors LLC. now owns 33,833 shares of the financial services provider’s stock valued at $5,357,000 after purchasing an additional 901 shares during the period. Finally, D.B. Root & Company LLC raised its position in shares of JPMorgan Chase & Co. by 68.5% in the fourth quarter. D.B. Root & Company LLC now owns 2,405 shares of the financial services provider’s stock valued at $380,000 after purchasing an additional 978 shares during the period. 70.35% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Up 3.0 %

Shares of NYSE JPM opened at $115.76 on Friday. The company has a 50 day simple moving average of $116.99 and a 200 day simple moving average of $129.47. The firm has a market cap of $339.99 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 2.03 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. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.82.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings data 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. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The business had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. During the same quarter last year, the business earned $3.78 EPS. The firm’s quarterly revenue was up .8% on a year-over-year basis. On average, research analysts forecast that JPMorgan Chase & Co. will post 11.21 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th were issued a dividend of $1.00 per share. The ex-dividend date was Tuesday, July 5th. This represents a $4.00 annualized dividend and a yield of 3.46%. JPMorgan Chase & Co.’s payout ratio is 32.10%.

Analyst Upgrades and Downgrades

JPM has been the topic of several research analyst reports. Societe Generale raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price objective for the company from $145.00 to $150.00 in a research report on Tuesday, May 24th. Morgan Stanley dropped their price objective on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 12th. Jefferies Financial Group dropped their price objective on shares of JPMorgan Chase & Co. from $137.00 to $126.00 and set a “hold” rating on the stock in a research report on Monday, July 11th. Barclays set a $200.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 18th. Finally, UBS Group decreased their price target on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, July 15th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus price target of $145.95.

JPMorgan Chase & Co. Company Profile

(Get Rating)

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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