Total Clarity Wealth Management Inc. increases its stake in JPMorgan Chase & Co. (NYSE:JPM)

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Total Clarity Wealth Management Inc. increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 7.5% during the first quarter, HoldingsChannel.com reports. The institutional investor held 11,023 shares of the financial services provider after acquiring an additional 767 shares during the quarter. Total Clarity Wealth Management Inc.’s holdings in JPMorgan Chase & Co. were worth $1,503,000 when it last filed with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently changed their positions in the company. KLCM Advisors Inc. increased its stake in JPMorgan Chase & Co. shares by 0.5% in the 4th quarter. KLCM Advisors Inc. now owns 12,800 shares of the financial services provider valued at $2,027,000 after purchasing an additional 69 shares during the period. Hurlow Wealth Management Group Inc. increased its stake in JPMorgan Chase & Co. shares by 1.1% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 6,166 shares of the financial services provider valued at $793,000 after purchasing an additional 69 shares during the period. Bigelow Investment Advisors LLC increased its stake in JPMorgan Chase & Co. shares by 1.0% in Q4. Bigelow Investment Advisors LLC now owns 6,886 shares of the financial services provider valued at $1,090,000 after buying 69 additional shares during the period. Valley Brook Capital Group Inc. increased its stake in JPMorgan Chase & Co. shares by 0.4% in the fourth quarter. Valley Brook Capital Group Inc. now owns 18,319 shares of the financial services provider valued at $2,900,000 after purchasing an additional 70 shares during the period. Finally, Cable Hill Partners LLC increased its stake in JPMorgan Chase & Co. shares by 1.2% in the 4th quarter. Cable Hill Partners LLC now owns 6,063 shares of the financial services provider valued at $960,000 after purchasing an additional 70 shares during the period. Hedge funds and other institutional investors hold 70.35% of the company’s shares.

JPMorgan Chase & Co. shares down 0.5%

Shares of JPMorgan Chase & Co. opened at $114.76 on Friday. The company has a debt ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.82. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96. The company has a market capitalization of $337.06 billion, a PE ratio of 9.21, a growth price-earnings ratio of 2.05 and a beta of 1.15. The stock’s 50-day moving average price is $118.84 and its 200-day moving average price is $132.67.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its results on Thursday, July 14. The financial services provider reported EPS of $2.76 for the quarter, meeting analyst consensus estimates of $2.76. The company posted revenue of $30.72 billion for the quarter, versus a consensus estimate of $31.82 billion. JPMorgan Chase & Co. achieved a return on equity of 15.29% and a net margin of 30.41%. JPMorgan Chase & Co.’s quarterly revenue increased 0.8% from the same quarter last year. In the same period a year earlier, the company had earned earnings per share of $3.78. On average, sell-side analysts expect JPMorgan Chase & Co. to post EPS of 11.24 for the current fiscal year.

JPMorgan Chase & Co. announces dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, July 31. Shareholders of record on Wednesday, July 6 will receive a dividend of $1.00. The ex-dividend date is Tuesday, July 5. This represents an annualized dividend of $4.00 and a dividend yield of 3.49%. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.10%.

Analyst upgrades and downgrades

JPM has been the subject of several recent analyst reports. Evercore ISI reduced its target price on JPMorgan Chase & Co. from $135.00 to $125.00 in a Friday, July 15 research note. Morgan Stanley cut its price target on JPMorgan Chase & Co. from $149.00 to $127.00 and set an “underweight” rating on the stock in a Tuesday, July 12 research report. Credit Suisse Group cut its price target on JPMorgan Chase & Co. from $160.00 to $145.00 and set an “outperform” rating on the stock in a Friday, July 15 research report. Societe Generale upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised its price target for the stock from $145.00 to $150.00 in a research report from the Tuesday, May 24. Finally, BMO Capital Markets raised its price target on JPMorgan Chase & Co. from $150.00 to $156.00 in a Tuesday, May 24 research report. One analyst rated the stock with a sell rating, eight issued a hold rating and nine assigned the company a buy rating. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $145.95.

JPMorgan Chase & Co. Company Profile

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

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Want to see what other hedge funds hold JPM? Visit HoldingsChannel.com for the latest 13F filings and insider trading for JPMorgan Chase & Co. (NYSE:JPM – Get Rating).

Institutional ownership by quarter for JPMorgan Chase & Co. (NYSE: JPM)



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