Motive Wealth Advisors Buys 266 Shares of JPMorgan Chase & Co. (NYSE:JPM)

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Motive Wealth Advisors lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 14.2% during the first quarter, Holdings Channel reports. The fund owned 2,141 shares of the financial services provider’s stock after acquiring an additional 266 shares during the quarter. Motive Wealth Advisors’ holdings in JPMorgan Chase & Co. were worth $292,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in JPM. Cullen Capital Management LLC increased its position in shares of JPMorgan Chase & Co. by 7.5% during the first quarter. Cullen Capital Management LLC now owns 1,863,230 shares of the financial services provider’s stock valued at $253,995,000 after purchasing an additional 129,497 shares during the period. Liberty One Investment Management LLC boosted its stake in JPMorgan Chase & Co. by 5.4% in the 1st quarter. Liberty One Investment Management LLC now owns 13,275 shares of the financial services provider’s stock valued at $1,810,000 after buying an additional 676 shares in the last quarter. Baron Silver Stevens Financial Advisors LLC boosted its stake in JPMorgan Chase & Co. by 8.0% in the 1st quarter. Baron Silver Stevens Financial Advisors LLC now owns 2,330 shares of the financial services provider’s stock valued at $317,000 after buying an additional 172 shares in the last quarter. Redmond Asset Management LLC boosted its stake in JPMorgan Chase & Co. by 4.1% in the 1st quarter. Redmond Asset Management LLC now owns 39,950 shares of the financial services provider’s stock valued at $5,446,000 after buying an additional 1,570 shares in the last quarter. Finally, Ellis Investment Partners LLC boosted its stake in JPMorgan Chase & Co. by 95.0% in the 1st quarter. Ellis Investment Partners LLC now owns 1,767 shares of the financial services provider’s stock valued at $240,000 after buying an additional 861 shares in the last quarter. 70.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Piper Sandler cut their price target on JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” rating for the company in a report on Friday, July 1st. Evercore ISI lowered their price objective on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research report on Friday, July 15th. Credit Suisse Group lowered their price objective on shares of JPMorgan Chase & Co. from $160.00 to $145.00 and set an “outperform” rating for the company in a research report on Friday, July 15th. Argus lowered their price objective on shares of JPMorgan Chase & Co. from $177.00 to $155.00 in a research report on Thursday, April 14th. Finally, Barclays set a $200.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus target price of $145.95.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $115.36 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.14. The firm’s fifty day moving average price is $118.40 and its two-hundred day moving average price is $130.84. JPMorgan Chase & Co. has a 1 year low of $106.06 and a 1 year high of $172.96. The firm has a market capitalization of $338.82 billion, a P/E ratio of 9.26, a price-to-earnings-growth ratio of 2.05 and a beta of 1.15.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, hitting 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 for the quarter, compared to analyst estimates of $31.82 billion. During the same period in the prior year, the firm posted $3.78 earnings per share. The company’s quarterly revenue was up .8% compared to the same quarter last year. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 11.23 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders 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 yield of 3.47%. The ex-dividend date is Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) 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.

Further Reading

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMGet Rating).

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