Clarity Wealth Advisors LLC Raises Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

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Clarity Wealth Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 20,997 shares of the financial services provider’s stock after purchasing an additional 1,944 shares during the quarter. JPMorgan Chase & Co. comprises about 1.4% of Clarity Wealth Advisors LLC’s holdings, making the stock its 21st biggest position. Clarity Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,862,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of JPM. Landmark Wealth Management LLC purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $46,000. Evolution Advisers Inc. purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $52,000. Leverty Financial Group LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $54,000. Delos Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 13,433.3% during the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock worth $64,000 after buying an additional 403 shares in the last quarter. Finally, Bromfield Sneider Wealth Advisors purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $76,000. Hedge funds and other institutional investors own 70.35% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on JPM. Barclays set a $200.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, July 18th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $148.00 price objective (up from $142.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 24th. UBS Group reduced their target price on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating on the stock in a research note on Friday, July 15th. Credit Suisse Group reduced their price target on shares of JPMorgan Chase & Co. from $160.00 to $145.00 and set an “outperform” rating on the stock in a research report on Friday, July 15th. Finally, Oppenheimer reduced their price target on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an “outperform” rating on the stock in a research report on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $145.95.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $113.42 on Wednesday. The company has a fifty day simple moving average of $118.60 and a two-hundred day simple moving average of $131.94. The company has a market cap of $333.12 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth 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. JPMorgan Chase & Co. has a 52 week low of $106.06 and a 52 week high of $172.96.

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

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th will be paid a $1.00 dividend. The ex-dividend date is Tuesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.53%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 32.10%.

JPMorgan Chase & Co. Company Profile

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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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