EFG Asset Management Americas Corp. Sells 34,370 Shares of JPMorgan Chase & Co. (NYSE:JPM)

EFG Asset Management Americas Corp. lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 32.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,610 shares of the financial services provider’s stock after selling 34,370 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.8% of EFG Asset Management Americas Corp.’s investment portfolio, making the stock its 15th biggest holding. EFG Asset Management Americas Corp.’s holdings in JPMorgan Chase & Co. were worth $9,645,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Sandy Cove Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 8.5% in the first quarter. Sandy Cove Advisors LLC now owns 4,137 shares of the financial services provider’s stock worth $564,000 after purchasing an additional 324 shares in the last quarter. Clarity Wealth Advisors LLC raised its position in JPMorgan Chase & Co. by 10.2% during the first quarter. Clarity Wealth Advisors LLC now owns 20,997 shares of the financial services provider’s stock worth $2,862,000 after acquiring an additional 1,944 shares in the last quarter. Financial Strategies Group Inc. raised its position in JPMorgan Chase & Co. by 20.0% during the first quarter. Financial Strategies Group Inc. now owns 5,500 shares of the financial services provider’s stock worth $750,000 after acquiring an additional 916 shares in the last quarter. Alpha Omega Wealth Management LLC raised its position in JPMorgan Chase & Co. by 1.5% during the first quarter. Alpha Omega Wealth Management LLC now owns 37,664 shares of the financial services provider’s stock worth $5,134,000 after acquiring an additional 557 shares in the last quarter. Finally, Landmark Wealth Management LLC bought a new stake in JPMorgan Chase & Co. during the first quarter worth $46,000. Institutional investors own 70.35% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Piper Sandler dropped their price target on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating on the stock in a research report on Friday, July 1st. Argus dropped their price target on shares of JPMorgan Chase & Co. from $177.00 to $155.00 in a research report on Thursday, April 14th. Citigroup raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $145.00 to $135.00 in a research report on Tuesday, July 12th. Berenberg Bank raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price target on the stock in a research report on Monday, July 18th. Finally, Jefferies Financial Group dropped their price target 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $145.95.

JPMorgan Chase & Co. Trading Up 3.0 %

JPM stock opened at $115.76 on Friday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.82 and a current ratio of 0.83. The company’s 50-day simple moving average is $116.99 and its 200 day simple moving average is $129.47. JPMorgan Chase & Co. has a 52 week low of $106.06 and a 52 week high of $172.96. The company has a market capitalization 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. (NYSE:JPMGet Rating) last released its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $31.82 billion. During the same period in the prior year, the company posted $3.78 earnings per share. JPMorgan Chase & Co.’s revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 11.21 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

See Also

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

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