North Star Asset Management Inc. increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 8.3% during the first quarter, HoldingsChannel.com reports. The fund held 53,879 shares of the financial services provider after acquiring 4,139 additional shares during the quarter. North Star Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $7,344,000 at the end of the most recent period.

A number of other institutional investors and hedge funds also changed their holdings in JPM. ACT Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 25.5% in the fourth quarter. ACT Wealth Management LLC now owns 2,749 shares of the financial services provider valued at $435,000 after purchasing an additional 559 shares last quarter. Exane Asset Management acquired a new stake in JPMorgan Chase & Co. in the 4th quarter for a value of approximately $26,485,000. Sepio Capital LP bought a new stake in JPMorgan Chase & Co. in Q4, valued at around $215,000. SWS Partners increased its stake in JPMorgan Chase & Co. by 23.0% in the 4th quarter. SWS Partners now owns 21,814 shares of the financial services provider valued at $3,454,000 after buying an additional 4,082 shares last quarter. Finally, PRW Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 6.3% in the 4th quarter. PRW Wealth Management LLC now owns 1,426 shares of the financial services provider valued at $226,000 after buying 84 additional shares last quarter. Institutional investors and hedge funds hold 70.35% of the company’s shares.

JPMorgan Chase & Co. shares down 0.5%

Shares of JPMorgan Chase & Co. opened at $114.76 on Friday. The company has a 50-day moving average of $118.84 and a 200-day moving average of $132.89. The company has a debt ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.82. The company has a market capitalization of $337.06 billion, a PE ratio of 9.21, a P/E/G ratio of 2.04 and a beta of 1.15. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96.

JPMorgan Chase & Co. (NYSE: JPM – Get Rating) last reported results on Thursday, July 14. The financial services provider reported earnings per share of $2.76 for the quarter, matching the consensus estimate of $2.76. The company posted revenue of $30.72 billion in the quarter, versus a consensus estimate of $31.82 billion. JPMorgan Chase & Co. achieved a return on equity of 15.29% and a net margin of 30.41%. The company’s revenue increased 0.8% year-over-year. During the same period last year, the company earned earnings per share of $3.78. As a group, stock analysts expect JPMorgan Chase & Co. to post EPS of 11.24 for the current fiscal year.

JPMorgan Chase & Co. dividend announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, July 31. Shareholders of record on Wednesday, July 6 will receive a dividend of $1.00 per share. The ex-dividend date is Tuesday, July 5. This represents an annualized dividend of $4.00 and a dividend yield of 3.49%. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.10%.

Analysts set new price targets

A number of equity research analysts have recently released reports on JPM shares. StockNews.com began covering JPMorgan Chase & Co. in a research note on Thursday, March 31. They issued a “holding” rating on the stock. Oppenheimer cut his price target on JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating on the stock in a Friday, July 15 research note. Argus reduced its price target on JPMorgan Chase & Co. from $177.00 to $155.00 in a Thursday, April 14 research note. Wells Fargo & Company cut its price target on JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” rating on the stock in a Thursday, July 14 research note. Finally, BMO Capital Markets raised its target price on JPMorgan Chase & Co. from $150.00 to $156.00 in a Tuesday, May 24 research report. One financial analyst has assigned the stock a sell rating, eight have assigned a hold rating and nine have assigned the stock a buy rating. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $145.95.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co operates as a worldwide 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 offers s deposit, investment and lending products, payments and consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.

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