Affinity Investment Advisors LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 43.6% in the first quarter, the company said in its most recent SEC filing. The fund owned 19,651 shares of the financial services provider after selling 15,171 shares during the period. JPMorgan Chase & Co. accounts for about 1.1% of Affinity Investment Advisors LLC’s portfolio, making the stock its 24th-largest holding. Affinity Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,679,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently changed their holdings in the company. Landmark Wealth Management LLC bought a new position in JPMorgan Chase & Co. stock valued at $46,000 during the first quarter. Evolution Advisers Inc. acquired a new interest in JPMorgan Chase & Co. valued at $52,000 during the fourth quarter. Leverty Financial Group LLC acquired a new $54,000 stake in JPMorgan Chase & Co. during the fourth quarter. Delos Wealth Advisors LLC increased its position in JPMorgan Chase & Co. by 13,433.3% during the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider, valued at $64,000, after purchasing an additional 403 shares last quarter. Finally, Bromfield Sneider Wealth Advisors bought a new $76,000 stake in JPMorgan Chase & Co. in Q1. Institutional investors own 70.35% of the company’s shares.
Wall Street analyst ponders
A number of equity analysts recently rated the company. Goldman Sachs Group has set a price target of $151.00 for JPMorgan Chase & Co. and rated the stock as a ‘buy’ in a research report on Thursday, April 14th. Credit Suisse Group lowered its price target on JPMorgan Chase & Co. to $145.00 from $160.00 and gave the stock a “outperform” rating in a research report on Friday, July 15. Piper Sandler lowered his price target on JPMorgan Chase & Co. to $158.00 from $170.00 and ranked the stock as “overweight” in a research report on Friday, July 1. Jefferies Financial Group lowered its target price on JPMorgan Chase & Co. to $126.00 from $137.00 and gave the stock a “hold” rating in a research report on Monday, July. Finally, UBS Group lowered its target price on JPMorgan Chase & Co. from $134.00 to $126.00 and gave the stock a “buy” rating in a research report on Friday, July 15. One equities research analyst has rated the stock with a sell rating, eight with a hold rating and nine with a buy rating. The company has a consensus rating of Hold and a consensus target of $145.95, according to data from MarketBeat.
JPMorgan Chase & Co. stock climbs 3.0%
JPM shares opened at $115.76 on Friday. The stock’s 50-day simple moving average is $116.99 and its 200-day simple moving average is $129.33. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week 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 company has a market cap of $339.47 billion, a P/E of 9.29, a price-to-earnings-to-growth ratio of 2.00 and a beta of 1.12.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings data on Thursday, July 14th. The financial services firm reported $2.76 EPS for the quarter, matching the consensus estimate of $2.76. The company had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $31.82 billion. JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The company’s quarterly revenue increased 0.8% compared to the same quarter last year. In the same period last year, the company reported earnings per share of $3.78. On average, research analysts expect JPMorgan Chase & Co. to report earnings per share of 11.21 for the current fiscal year.
JPMorgan Chase & Co. announces dividend
The company also recently announced a quarterly dividend, which was paid on Sunday, July 31st. A dividend of $1.00 was paid to shareholders of record on Wednesday, July 6th. This equates to an annualized dividend of $4.00 and a dividend yield of 3.46%. The ex-dividend date of this dividend was Tuesday July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.10%.
Profile of JPMorgan Chase & Co
JPMorgan Chase & Co operates as a global financial services company. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB) and Asset & Wealth Management (AWM). The CCB segment provides consumers with deposit, investment and credit products, payments and services; credit, deposit and cash management and payment solutions for small businesses; mortgage origination and administration; residential mortgages and home equity loans; and credit card, auto loan and leasing services.
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