Guyasuta Investment Advisors Inc. Has $6.74 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Guyasuta Investment Advisors Inc. lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 43,345 shares of the financial services provider’s stock after selling 220 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $6,742,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in JPM. Ironwood Wealth Management LLC. boosted its holdings in JPMorgan Chase & Co. by 12.1% in the first quarter. Ironwood Wealth Management LLC. now owns 14,173 shares of the financial services provider’s stock worth $2,158,000 after acquiring an additional 1,525 shares in the last quarter. Wharton Business Group LLC boosted its holdings in JPMorgan Chase & Co. by 1.2% in the first quarter. Wharton Business Group LLC now owns 153,787 shares of the financial services provider’s stock worth $23,411,000 after acquiring an additional 1,828 shares in the last quarter. Pictet & Cie Europe SA boosted its holdings in JPMorgan Chase & Co. by 0.7% in the first quarter. Pictet & Cie Europe SA now owns 203,110 shares of the financial services provider’s stock worth $30,919,000 after acquiring an additional 1,487 shares in the last quarter. Q Capital Solutions boosted its holdings in JPMorgan Chase & Co. by 14.0% in the first quarter. Q Capital Solutions now owns 71,000 shares of the financial services provider’s stock worth $10,808,000 after acquiring an additional 8,725 shares in the last quarter. Finally, Sage Mountain Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 107.4% in the first quarter. Sage Mountain Advisors LLC now owns 17,126 shares of the financial services provider’s stock valued at $2,607,000 after purchasing an additional 8,870 shares in the last quarter. 69.67% of the stock is owned by institutional investors and hedge funds.

JPM stock traded up $3.56 during mid-day trading on Monday, hitting $166.60. 540,868 shares of the stock were exchanged, compared to its average volume of 13,682,686. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.85 and a quick ratio of 0.85. The business has a fifty day moving average price of $156.55 and a 200 day moving average price of $156.37. JPMorgan Chase & Co. has a 12 month low of $91.87 and a 12 month high of $167.44. The stock has a market capitalization of $497.83 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 2.24 and a beta of 1.20.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Monday, July 12th. The financial services provider reported $3.78 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.09 by $0.69. JPMorgan Chase & Co. had a return on equity of 19.26% and a net margin of 37.71%. The firm had revenue of $30.50 billion during the quarter, compared to analyst estimates of $29.71 billion. During the same quarter in the previous year, the company posted $1.38 earnings per share. The company’s revenue was down 7.9% compared to the same quarter last year. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 14.05 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, October 31st. Stockholders of record on Wednesday, October 6th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.40%. The ex-dividend date is Tuesday, October 5th. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.90. JPMorgan Chase & Co.’s payout ratio is 40.54%.

A number of research analysts have recently weighed in on the company. Keefe, Bruyette & Woods began coverage on JPMorgan Chase & Co. in a report on Wednesday, July 7th. They issued a “market perform” rating and a $167.00 target price on the stock. Barclays set a $187.00 price target on JPMorgan Chase & Co. in a report on Wednesday, July 14th. The Goldman Sachs Group set a $182.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, June 25th. Morgan Stanley lifted their price target on JPMorgan Chase & Co. from $150.00 to $166.00 and gave the stock an “underweight” rating in a report on Thursday, July 29th. Finally, Wells Fargo & Company lifted their price target on JPMorgan Chase & Co. from $195.00 to $200.00 and gave the stock an “overweight” rating in a report on Tuesday, June 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $167.06.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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