CFM Wealth Partners LLC Sells 892 Shares of JPMorgan Chase & Co. (NYSE:JPM)

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CFM Wealth Partners LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,017 shares of the financial services provider’s stock after selling 892 shares during the quarter. CFM Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $2,479,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Dimension Capital Management LLC boosted its holdings in JPMorgan Chase & Co. by 2.1% during the fourth quarter. Dimension Capital Management LLC now owns 3,561 shares of the financial services provider’s stock worth $565,000 after purchasing an additional 72 shares during the last quarter. Legacy Capital Partners Inc. boosted its holdings in JPMorgan Chase & Co. by 1.4% during the first quarter. Legacy Capital Partners Inc. now owns 5,591 shares of the financial services provider’s stock worth $762,000 after purchasing an additional 75 shares during the last quarter. Tennessee Valley Asset Management Partners boosted its holdings in JPMorgan Chase & Co. by 1.2% during the first quarter. Tennessee Valley Asset Management Partners now owns 6,634 shares of the financial services provider’s stock worth $904,000 after purchasing an additional 78 shares during the last quarter. F M Investments LLC boosted its holdings in JPMorgan Chase & Co. by 1.8% during the first quarter. F M Investments LLC now owns 4,588 shares of the financial services provider’s stock worth $625,000 after purchasing an additional 80 shares during the last quarter. Finally, First National Bank of Hutchinson boosted its holdings in JPMorgan Chase & Co. by 1.2% during the first quarter. First National Bank of Hutchinson now owns 6,759 shares of the financial services provider’s stock worth $921,000 after purchasing an additional 81 shares during the last quarter. 68.57% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $115.83 on Wednesday. The company’s 50 day moving average is $115.96 and its 200-day moving average is $122.40. JPMorgan Chase & Co. has a 12-month low of $106.06 and a 12-month high of $172.96. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.14. The firm has a market cap of $339.68 billion, a P/E ratio of 9.30, a price-to-earnings-growth ratio of 2.07 and a beta of 1.10.

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, 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%. 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. Sell-side analysts predict that JPMorgan Chase & Co. will post 11.32 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 6th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.45%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.10%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Citigroup upgraded shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and cut their price target for the stock from $145.00 to $135.00 in a report on Tuesday, July 12th. Evercore ISI dropped their target price on shares of JPMorgan Chase & Co. from $135.00 to $125.00 in a research note on Friday, July 15th. Piper Sandler dropped their target price 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. Deutsche Bank Aktiengesellschaft dropped their target price on shares of JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” rating on the stock in a research note on Monday, September 12th. Finally, Morgan Stanley dropped their target price 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. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $145.95.

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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