AllSquare Wealth Management LLC Sells 577 Shares of JPMorgan Chase & Co. (NYSE:JPM)

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AllSquare Wealth Management LLC decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 8.1% in the first quarter, Holdings Channel reports. The fund owned 6,566 shares of the financial services provider’s stock after selling 577 shares during the quarter. JPMorgan Chase & Co. makes up 0.5% of AllSquare Wealth Management LLC’s holdings, making the stock its 26th biggest holding. AllSquare Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $895,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. KLCM Advisors Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 0.5% in the 4th quarter. KLCM Advisors Inc. now owns 12,800 shares of the financial services provider’s stock valued at $2,027,000 after acquiring an additional 69 shares during the last quarter. Hurlow Wealth Management Group Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 1.1% in 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 acquiring an additional 69 shares during the last quarter. Bigelow Investment Advisors LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.0% in 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 acquiring an additional 69 shares during the last quarter. Valley Brook Capital Group Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 0.4% in 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 acquiring an additional 70 shares during the last quarter. Finally, Cable Hill Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 1.2% in the 4th quarter. Cable Hill Partners LLC now owns 6,063 shares of the financial services provider’s stock valued at $960,000 after acquiring an additional 70 shares during the last quarter. Institutional investors own 70.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on JPM shares. Morgan Stanley reduced their price objective on shares of JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating on the stock in a research report on Tuesday, July 12th. UBS Group reduced their price objective on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating on the stock in a research report on Friday, July 15th. Societe Generale raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price objective for the stock from $145.00 to $150.00 in a research report on Tuesday, May 24th. Credit Suisse Group reduced their price objective 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, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $148.00 price objective (up from $142.00) on shares of JPMorgan Chase & Co. in a research report on Tuesday, May 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average target price of $145.95.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $115.36 on Monday. The firm has a market cap of $338.82 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 2.05 and a beta of 1.15. The company’s 50 day moving average is $118.40 and its 200 day moving average is $130.58. 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 issued its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, meeting the consensus estimate of $2.76. The company had revenue of $30.72 billion for the quarter, compared to analyst estimates of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. JPMorgan Chase & Co.’s revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $3.78 earnings per share. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 11.23 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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

JPMorgan Chase & Co. 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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