Atlas Private Wealth Management Boosts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

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Atlas Private Wealth Management boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.4% in the 1st quarter, Holdings Channel reports. The institutional investor owned 22,762 shares of the financial services provider’s stock after buying an additional 959 shares during the quarter. JPMorgan Chase & Co. accounts for 1.8% of Atlas Private Wealth Management’s investment portfolio, making the stock its 15th largest holding. Atlas Private Wealth Management’s holdings in JPMorgan Chase & Co. were worth $3,103,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $4,092,843,000. GQG Partners LLC boosted its stake in shares of JPMorgan Chase & Co. by 403.3% during the fourth quarter. GQG Partners LLC now owns 5,095,612 shares of the financial services provider’s stock valued at $806,728,000 after purchasing an additional 4,083,231 shares during the period. Renaissance Technologies LLC boosted its stake in shares of JPMorgan Chase & Co. by 1,543.7% during the fourth quarter. Renaissance Technologies LLC now owns 3,341,486 shares of the financial services provider’s stock valued at $529,124,000 after purchasing an additional 3,138,200 shares during the period. State Street Corp boosted its stake in shares of JPMorgan Chase & Co. by 1.6% during the fourth quarter. State Street Corp now owns 141,720,090 shares of the financial services provider’s stock valued at $22,441,376,000 after purchasing an additional 2,277,065 shares during the period. Finally, National Bank of Canada FI purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $298,028,000. 70.35% of the stock is owned by institutional investors.

In other news, CEO Jennifer Piepszak sold 4,668 shares of the company’s stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $126.19, for a total transaction of $589,054.92. Following the transaction, the chief executive officer now owns 11,135 shares in the company, valued at $1,405,125.65. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Ashley Bacon sold 21,012 shares of the company’s stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the transaction, the insider now owns 178,588 shares in the company, valued at approximately $23,223,583.52. The disclosure for this sale can be found here. Insiders own 0.79% of the company’s stock.

Shares of JPMorgan Chase & Co. stock opened at $112.97 on Wednesday. The company has a market capitalization of $331.80 billion, a PE ratio of 8.38, a P/E/G ratio of 2.04 and a beta of 1.15. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.82 and a current ratio of 0.82. The company has a 50-day simple moving average of $120.18 and a two-hundred day simple moving average of $135.34. JPMorgan Chase & Co. has a one year low of $109.30 and a one year high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced its earnings results on Wednesday, April 13th. The financial services provider reported $2.63 EPS for the quarter, missing analysts’ consensus estimates of $2.73 by ($0.10). The firm had revenue of $30.72 billion during the quarter, compared to the consensus estimate of $30.53 billion. JPMorgan Chase & Co. had a return on equity of 16.58% and a net margin of 33.61%. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.50 earnings per share. On average, equities analysts predict that JPMorgan Chase & Co. will post 11.23 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th will be issued a $1.00 dividend. The ex-dividend date is Tuesday, July 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.54%. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.67%.

A number of analysts have recently issued reports on JPM shares. Royal Bank of Canada set a $175.00 target price on shares of JPMorgan Chase & Co. and gave the company an “outperform” rating in a research note on Thursday, April 14th. Argus lowered their target price on shares of JPMorgan Chase & Co. from $177.00 to $155.00 in a research note on Thursday, April 14th. Morgan Stanley lowered their target price on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating for the company in a research note on Tuesday. Citigroup upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $145.00 to $135.00 in a report on Tuesday. Finally, The Goldman Sachs Group set a $151.00 price objective on JPMorgan Chase & Co. and gave the company a “buy” rating in a report on Thursday, April 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $155.28.

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.

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