Home Wealth Advisor TRUE Private Wealth Advisors Has $2.22 Million Position in JPMorgan Chase & Co. (JPM)

TRUE Private Wealth Advisors Has $2.22 Million Position in JPMorgan Chase & Co. (JPM)

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TRUE Private Wealth Advisors boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 17.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,313 shares of the financial services provider’s stock after acquiring an additional 3,163 shares during the period. TRUE Private Wealth Advisors’ holdings in JPMorgan Chase & Co. were worth $2,220,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in JPM. SevenBridge Financial Group LLC raised its position in shares of JPMorgan Chase & Co. by 1.4% during the first quarter. SevenBridge Financial Group LLC now owns 32,749 shares of the financial services provider’s stock worth $3,517,000 after purchasing an additional 459 shares during the period. Sunbelt Securities Inc. raised its position in shares of JPMorgan Chase & Co. by 3.4% during the first quarter. Sunbelt Securities Inc. now owns 13,919 shares of the financial services provider’s stock worth $1,531,000 after purchasing an additional 462 shares during the period. Cadence Bank NA raised its position in shares of JPMorgan Chase & Co. by 0.9% during the first quarter. Cadence Bank NA now owns 54,679 shares of the financial services provider’s stock worth $6,013,000 after purchasing an additional 467 shares during the period. Nwam LLC raised its position in shares of JPMorgan Chase & Co. by 3.1% during the fourth quarter. Nwam LLC now owns 15,738 shares of the financial services provider’s stock worth $1,683,000 after purchasing an additional 470 shares during the period. Finally, LVM Capital Management Ltd. MI raised its position in shares of JPMorgan Chase & Co. by 7.3% during the second quarter. LVM Capital Management Ltd. MI now owns 6,952 shares of the financial services provider’s stock worth $724,000 after purchasing an additional 475 shares during the period. Institutional investors and hedge funds own 70.51% of the company’s stock.

In related news, CEO Gordon Smith sold 30,725 shares of the stock in a transaction on Monday, July 23rd. The stock was sold at an average price of $114.01, for a total value of $3,502,957.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.73% of the company’s stock.

A number of equities analysts have recently weighed in on the company. DZ Bank raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Keefe, Bruyette & Woods reaffirmed a “$111.53” rating and set a $127.00 target price on shares of JPMorgan Chase & Co. in a research report on Wednesday, July 18th. UBS Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Credit Suisse Group set a $130.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Thursday, July 12th. Finally, Zacks Investment Research lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Monday, September 17th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. JPMorgan Chase & Co. currently has an average rating of “Buy” and a consensus target price of $120.75.

NYSE JPM opened at $117.85 on Friday. The firm has a market capitalization of $407.13 billion, a P/E ratio of 14.50, a P/E/G ratio of 1.95 and a beta of 1.16. JPMorgan Chase & Co. has a 12 month low of $93.34 and a 12 month high of $119.33. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.18.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Friday, July 13th. The financial services provider reported $2.29 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.07. The business had revenue of $27.75 billion during the quarter, compared to analyst estimates of $27.62 billion. JPMorgan Chase & Co. had a return on equity of 13.18% and a net margin of 22.80%. equities analysts expect that JPMorgan Chase & Co. will post 9.15 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 31st. Investors of record on Friday, October 5th will be given a $0.80 dividend. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. This represents a $3.20 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Thursday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 32.61%.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

Further Reading: Earnings Per Share (EPS)

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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