Financial Strategies Group Inc. buys 916 shares of JPMorgan Chase & Co. (NYSE: JPM)


Financial Strategies Group Inc. increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 20.0% during the first quarter, Holdings Channel reports. The institutional investor held 5,500 shares of the financial services provider after acquiring 916 additional shares during the quarter. Financial Strategies Group Inc.’s holdings in JPMorgan Chase & Co. were worth $750,000 when it last filed with the SEC.

Other institutional investors also changed their stake in the company. State Street Corp raised its position in JPMorgan Chase & Co. shares by 1.6% in the fourth quarter. State Street Corp now owns 141,720,090 shares of the financial services provider valued at $22,441,376,000 after buying an additional 2,277,065 shares in the last quarter. Geode Capital Management LLC raised its position in JPMorgan Chase & Co. shares by 1.5% in the fourth quarter. Geode Capital Management LLC now owns 47,806,506 shares of the financial services provider valued at $7,548,705,000 after purchasing an additional 687,571 shares in the last quarter. Norges Bank bought a new stock position in JPMorgan Chase & Co. in Q4, valued at around $4,092,843,000. Charles Schwab Investment Management Inc. raised its position in JPMorgan Chase & Co. shares by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,802,465 shares of the financial services provider valued at $2,819,021,000 after purchasing an additional 273,693 shares in the last quarter. Finally, Parametric Portfolio Associates LLC raised its position in JPMorgan Chase & Co. shares by 1.4% in the 4th quarter. Parametric Portfolio Associates LLC now owns 11,276,722 shares of the financial services provider valued at $1,785,669,000 after purchasing an additional 160,698 shares in the last quarter. 70.35% of the shares are currently held by institutional investors.

Price performance of JPMorgan Chase & Co.

Shares of JPMorgan Chase & Co. opened at $114.76 on Friday. The company’s fifty-day moving average price is $118.84 and its 200-day moving average price is $132.67. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96. The stock has a market capitalization of $337.06 billion, a P/E ratio of 9.21, a P/E/G ratio of 2.05 and a beta of 1.15. The company has a debt ratio of 1.14, a quick ratio of 0.82 and a current ratio of 0.83.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly results on Thursday, July 14. The financial services provider reported earnings per share (EPS) of $2.76 for the quarter, matching analyst consensus estimates of $2.76. JPMorgan Chase & Co. posted a net margin of 30.41% and a return on equity of 15.29%. The company posted revenue of $30.72 billion for the quarter, versus $31.82 billion expected by analysts. In the same quarter last year, the company achieved EPS of $3.78. The company’s revenue for the quarter increased by 0.8% compared to the same quarter last year. As a group, equity research analysts expect JPMorgan Chase & Co. to post earnings per share of 11.24 for the current fiscal year.

JPMorgan Chase & Co. announces dividend

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 yield of 3.49%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 32.10%.

Changes to analyst ratings

A number of research companies have published reports on JPM. UBS Group cut its price target on JPMorgan Chase & Co. shares from $134.00 to $126.00 and set a ‘buy’ rating for the company in a Friday, July 15 research report . Barclays set a price target of $200.00 on JPMorgan Chase & Co. shares in a Monday, July 18 research report. Berenberg Bank moved shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price target for the company in a Monday 18 research report. July. Goldman Sachs Group has set a price target of $151.00 on JPMorgan Chase & Co. shares and assigned the stock a “buy” rating in a Thursday, April 14 research report. Finally, Argus lowered its price target on JPMorgan Chase & Co. shares from $177.00 to $155.00 in a Thursday, April 14 research report. One research analyst rated the stock with a sell rating, eight gave the company a hold rating and nine gave the company a buy rating. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $145.95.

Profile of JPMorgan Chase & Co.

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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.

See also

Want to see what other hedge funds hold JPM? Visit HoldingsChannel.com for the latest 13F filings and insider trading for JPMorgan Chase & Co. (NYSE:JPM – Get Rating).

Institutional ownership by quarter for JPMorgan Chase & Co. (NYSE: JPM)



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