Sugarloaf Wealth Management LLC Increases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

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Sugarloaf Wealth Management LLC lifted its position in JPMorgan Chase & Co. (NYSE:JPM) by 13.4% in the first quarter, HoldingsChannel reports. The firm owned 17,903 shares of the financial services provider’s stock after buying an additional 2,116 shares during the period. JPMorgan Chase & Co. makes up about 0.6% of Sugarloaf Wealth Management LLC’s portfolio, making the stock its 27th biggest holding. Sugarloaf Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,462,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in JPM. State Street Corp lifted its position in JPMorgan Chase & Co. by 1.6% in 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 buying an additional 2,277,065 shares during the last quarter. Geode Capital Management LLC lifted its position in JPMorgan Chase & Co. by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 47,806,506 shares of the financial services provider’s stock valued at $7,548,705,000 after buying an additional 687,571 shares during the last quarter. Norges Bank acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $4,092,843,000. Charles Schwab Investment Management Inc. lifted its position in JPMorgan Chase & Co. by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,802,465 shares of the financial services provider’s stock valued at $2,819,021,000 after buying an additional 273,693 shares during the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in JPMorgan Chase & Co. by 1.4% in the fourth quarter. Parametric Portfolio Associates LLC now owns 11,276,722 shares of the financial services provider’s stock valued at $1,785,669,000 after buying an additional 160,698 shares during the last quarter. 70.35% of the stock is owned by hedge funds and other institutional investors.

Shares of JPMorgan Chase & Co. stock opened at $111.91 on Thursday. The firm has a market capitalization of $328.69 billion, a P/E ratio of 8.30, a P/E/G ratio of 2.04 and a beta of 1.15. JPMorgan Chase & Co. has a 52 week low of $109.30 and a 52 week high of $172.96. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.16. The firm’s 50 day moving average is $119.87 and its two-hundred day moving average is $135.18.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last announced 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. The company had revenue of $30.72 billion for the quarter, compared to analyst estimates of $31.82 billion. JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. The firm’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the firm posted $3.78 earnings per share. As a group, research analysts expect that JPMorgan Chase & Co. will post 11.23 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th will be given a dividend of $1.00 per share. The ex-dividend date is Tuesday, July 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.57%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.67%.

A number of research analysts have commented on the stock. Berenberg Bank set a $120.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, April 19th. Oppenheimer raised shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $167.00 price target on the stock in a research report on Tuesday, May 3rd. Argus reduced their price target on shares of JPMorgan Chase & Co. from $177.00 to $155.00 in a research report on Thursday, April 14th. Morgan Stanley reduced their price target on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating on the stock in a research report on Tuesday. Finally, Barclays set a $200.00 price target on shares of JPMorgan Chase & Co. in a research report on Thursday, June 30th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $155.28.

In other news, insider Ashley Bacon sold 21,012 shares of the firm’s stock in a transaction that occurred on 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 directly owns 178,588 shares in the company, valued at $23,223,583.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.79% of the company’s stock.

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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