JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Jeppson Wealth Management LLC

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Jeppson Wealth Management LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 12.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,419 shares of the financial services provider’s stock after acquiring an additional 1,651 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 1.0% of Jeppson Wealth Management LLC’s holdings, making the stock its 20th largest position. Jeppson Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,101,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in JPM. Carolina Wealth Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 176.5% in the 4th quarter. Carolina Wealth Advisors LLC now owns 235 shares of the financial services provider’s stock worth $37,000 after acquiring an additional 150 shares in the last quarter. Landmark Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth approximately $46,000. Evolution Advisers Inc. acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $52,000. Leverty Financial Group LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $54,000. Finally, Delos Wealth Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 13,433.3% in the 4th quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock worth $64,000 after acquiring an additional 403 shares in the last quarter. Institutional investors and hedge funds own 70.35% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, insider Ashley Bacon sold 21,012 shares of the business’s stock in a transaction on Tuesday, April 19th. The stock was sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the sale, the insider now directly owns 178,588 shares of the company’s stock, valued at $23,223,583.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 4.6 %

JPM opened at $112.95 on Friday. JPMorgan Chase & Co. has a one year low of $106.06 and a one year high of $172.96. 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 stock’s fifty day moving average is $119.34 and its 200-day moving average is $134.34. The company has a market capitalization of $331.74 billion, a PE ratio of 9.07, a P/E/G ratio of 1.91 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, hitting analysts’ consensus estimates of $2.76. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The company had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $31.82 billion. During the same quarter in the previous year, the business earned $3.78 EPS. The company’s quarterly revenue was up .8% compared to the same quarter last year. On average, equities analysts predict that JPMorgan Chase & Co. will post 11.3 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 32.10%.

Wall Street Analyst Weigh In

JPM has been the subject of a number of analyst reports. Keefe, Bruyette & Woods restated a “market perform” rating and set a $148.00 price objective (up previously from $142.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 24th. Berenberg Bank set a $120.00 price objective on JPMorgan Chase & Co. in a research report on Tuesday, April 19th. Credit Suisse Group reduced their price objective on JPMorgan Chase & Co. from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday. Royal Bank of Canada reduced their price objective on JPMorgan Chase & Co. to $130.00 in a research report on Thursday. Finally, Morgan Stanley reduced their price objective on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a research report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus target price of $143.95.

JPMorgan Chase & Co. Company 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.

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