Ascent Wealth Partners LLC Buys 1,963 Shares of JPMorgan Chase & Co. (NYSE:JPM)

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Ascent Wealth Partners LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 51,968 shares of the financial services provider’s stock after purchasing an additional 1,963 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.3% of Ascent Wealth Partners LLC’s holdings, making the stock its 21st biggest holding. Ascent Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $7,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of JPM. KLCM Advisors Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 0.5% during the 4th quarter. KLCM Advisors Inc. now owns 12,800 shares of the financial services provider’s stock valued at $2,027,000 after buying an additional 69 shares in the last quarter. Hurlow Wealth Management Group Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 1.1% during the 4th quarter. Hurlow Wealth Management Group Inc. now owns 6,166 shares of the financial services provider’s stock valued at $793,000 after buying an additional 69 shares in the last quarter. Bigelow Investment Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.0% during the 4th quarter. Bigelow Investment Advisors LLC now owns 6,886 shares of the financial services provider’s stock valued at $1,090,000 after buying an additional 69 shares in the last quarter. Valley Brook Capital Group Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 4th quarter. Valley Brook Capital Group Inc. now owns 18,319 shares of the financial services provider’s stock valued at $2,900,000 after buying an additional 70 shares in the last quarter. Finally, Cable Hill Partners LLC boosted its holdings in shares of JPMorgan Chase & Co. by 1.2% during the 4th quarter. Cable Hill Partners LLC now owns 6,063 shares of the financial services provider’s stock valued at $960,000 after buying an additional 70 shares in the last quarter. 70.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JPM has been the topic of a number of analyst reports. Citigroup upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and dropped their price target for the stock from $145.00 to $135.00 in a research note on Tuesday, July 12th. Piper Sandler dropped their price target on shares of JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating on the stock in a research note on Friday, July 1st. BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. from $150.00 to $156.00 in a research note on Tuesday, May 24th. Morgan Stanley dropped their price target on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating on the stock in a research note on Tuesday, July 12th. Finally, Societe Generale upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price target for the stock from $145.00 to $150.00 in a research note on Tuesday, May 24th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $145.95.

JPMorgan Chase & Co. Price Performance

NYSE JPM opened at $115.22 on Tuesday. JPMorgan Chase & Co. has a 52 week low of $106.06 and a 52 week high of $172.96. The firm has a market capitalization of $338.41 billion, a P/E ratio of 9.25, a PEG ratio of 2.04 and a beta of 1.15. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.14. The company has a 50-day moving average price of $118.78 and a 200-day moving average price of $132.07.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last released its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, meeting the consensus estimate of $2.76. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. The firm had revenue of $30.72 billion during the quarter, compared to analyst estimates of $31.82 billion. During the same quarter in the prior year, the firm earned $3.78 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. Equities research analysts anticipate that JPMorgan Chase & Co. will post 11.24 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Sunday, July 31st. Stockholders of record on Wednesday, July 6th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend is Tuesday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 32.10%.

About JPMorgan Chase & Co.

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JPMorgan Chase & Co operates as a financial services company worldwide. 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 services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

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