Sandy Spring Bank added to its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 183,207 shares of the financial services provider after purchasing an additional 3,679 shares during the period. JPMorgan Chase & Co. accounts for 1.3% of Sandy Spring Bank’s holdings, making the stock its 14th largest holding. Sandy Spring Bank’s holdings in JPMorgan Chase & Co. were worth $24,975,000 at the end of the last quarter.
Other hedge funds also bought and sold shares of the company. Joseph Group Capital Management bought a new position in JPMorgan Chase & Co. during the fourth quarter worth $1,353,000. Evolution Advisers Inc. bought a new stake in JPMorgan Chase & Co. in the fourth quarter for $52,000. Leverty Financial Group LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth $54,000. Delos Wealth Advisors LLC increased its stake in JPMorgan Chase & Co. by 13,433.3% in the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider valued at $64,000 after buying 403 additional shares in the last quarter. Finally, Landmark Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. in the first quarter valued at $46,000. Institutional investors hold 70.35% of the company’s shares.
JPMorgan Chase & Co. stock performance
NYSE:JPM opened at $115.36 on Friday. 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 fifty-day simple moving average of $118.40 and a two-hundred-day simple moving average of $130.84. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96. The company has a market capitalization of $338.82 billion, a P/E ratio of 9.26, a P/E/G ratio of 2.05 and a beta of 1.15.
JPMorgan Chase & Co. (NYSE:JPM – Get a rating) last reported results on Thursday, July 14. The financial services provider reported earnings per share (EPS) of $2.76 for the quarter, meeting analyst consensus estimates of $2.76. JPMorgan Chase & Co. achieved a return on equity of 15.29% and a net margin of 30.41%. The company posted revenue of $30.72 billion in the quarter, versus a consensus estimate of $31.82 billion. During the same period last year, the company posted earnings per share of $3.78. The company’s revenue for the quarter increased 0.8% year over year. On average, analysts expect JPMorgan Chase & Co. to post earnings per share of 11.23 for the current 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. This represents a dividend of $4.00 on an annualized basis and a yield of 3.47%. The ex-dividend date is Tuesday, July 5. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.10%.
Analyst upgrades and downgrades
Several equity research analysts weighed in on the stock. Goldman Sachs Group has set a price target of $151.00 on JPMorgan Chase & Co. shares and assigned the company a “buy” rating in a Thursday, April 14 research note. UBS Group lowered 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 note . Argus cut its price target on JPMorgan Chase & Co. shares from $177.00 to $155.00 in a Thursday, April 14 report. BMO Capital Markets raised its price target on JPMorgan Chase & Co. from $150.00 to $156.00 in a Tuesday, May 24 report. Finally, Oppenheimer lowered 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 report. One stock research analyst gave the stock a sell rating, eight gave the company a hold rating and nine gave the company a buy rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $145.95.
JPMorgan Chase & Co. Company Profile
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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