JPMorgan Chase & Co. (NYSE:JPM) is McGinn Investment Management Inc.’s 4th Largest Position

McGinn Investment Management Inc. reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,464 shares of the financial services provider’s stock after selling 926 shares during the period. JPMorgan Chase & Co. makes up 5.1% of McGinn Investment Management Inc.’s portfolio, making the stock its 4th biggest holding. McGinn Investment Management Inc.’s holdings in JPMorgan Chase & Co. were worth $7,561,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Qube Research & Technologies Ltd grew its position in JPMorgan Chase & Co. by 13,551.6% in 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 grew its position in 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 worth $4,810,000 after acquiring an additional 745 shares in the last quarter. Lipe & Dalton grew its position in JPMorgan Chase & Co. by 8.3% in the fourth quarter. Lipe & Dalton now owns 1,900 shares of the financial services provider’s stock worth $301,000 after acquiring an additional 145 shares in the last quarter. Horan Capital Advisors LLC. grew its position in 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 worth $5,357,000 after acquiring an additional 901 shares in the last quarter. Finally, D.B. Root & Company LLC grew its position in 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 worth $380,000 after acquiring an additional 978 shares in the last quarter. 70.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on JPM. Oppenheimer cut their price target on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating for the company in a research report on Friday, July 15th. Barclays set a $200.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 18th. Jefferies Financial Group cut their price target on shares of JPMorgan Chase & Co. from $137.00 to $126.00 and set a “hold” rating for the company in a research report on Monday, July 11th. UBS Group cut their price target on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating for the company in a research report on Friday, July 15th. Finally, Evercore ISI cut their price target on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $145.95.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $115.76 on Friday. JPMorgan Chase & Co. has a 1 year low of $106.06 and a 1 year high of $172.96. The company has a market cap of $339.99 billion, a P/E ratio of 9.29, a PEG ratio of 2.03 and a beta of 1.12. The firm has a 50-day moving average of $116.99 and a 200 day moving average of $129.47. 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:JPM – Get Rating) last released its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $31.82 billion. During the same period in the prior year, the firm earned $3.78 earnings per share. JPMorgan Chase & Co.’s revenue was up .8% on a year-over-year basis. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 11.21 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

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