Harel Insurance Investments & Financial Services Ltd. cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the 1st quarter, according to the company in its latest filing with the SEC. The company held 564,463 shares of the financial services provider after selling 5,602 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.3% of Harel Insurance Investments & Financial Services Ltd.’s portfolio, making the stock its 27th largest holding. The holdings of Harel Insurance Investments & Financial Services Ltd. in JPMorgan Chase & Co. were worth $76,948,000 at the end of the last quarter.
Other institutional investors and hedge funds have also recently increased or reduced their stake in the company. Joseph Group Capital Management acquired a new position in JPMorgan Chase & Co. in Q4 valued at approximately $1,353,000. Evolution Advisers Inc. acquired a new equity stake in JPMorgan Chase & Co. during the fourth quarter valued at $52,000. Leverty Financial Group LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter at a value of $54,000. Delos Wealth Advisors LLC increased its position in JPMorgan Chase & Co. shares by 13,433.3% during the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider worth $64,000 after purchasing an additional 403 shares during the period. Finally, Landmark Wealth Management LLC acquired a new equity stake in JPMorgan Chase & Co. during the first quarter at a value of $46,000. 70.35% of the shares are currently held by institutional investors and hedge funds.
Analysts set new price targets
Several equity research analysts have recently weighed in on JPM shares. Keefe, Bruyette & Woods reiterated a “market performance” rating and set a price target of $148.00 (vs. $142.00) on JPMorgan Chase & Co. shares in a Tuesday 24 research report may. UBS Group lowered its price target on JPMorgan Chase & Co. shares from $134.00 to $126.00 and set a ‘buy’ rating for the company in a Friday, July 15 research report . Citigroup upgraded JPMorgan Chase & Co. shares from a “neutral” rating to a “buy” rating and lowered its price target for the stock from $145.00 to $135.00 in a report of search for Tuesday, July 12. Evercore ISI reduced its target price on JPMorgan Chase & Co. shares from $135.00 to $125.00 in a Friday, July 15 research note. Finally, Oppenheimer cut his price target on JPMorgan Chase & Co. stock from $154.00 to $153.00 and set an “outperform” rating on the stock in a Friday, July 15 research note. . One research analyst rated the stock with a sell rating, eight assigned a hold rating and nine assigned the company a buy rating. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $145.95.
JPMorgan Chase & Co. stock performance
Shares of JPM opened at $114.81 on Friday. The company has a 50-day moving average of $118.44 and a 200-day moving average of $131.46. The company has a market capitalization of $337.20 billion, a P/E ratio of 9.21, a P/E/G ratio of 2.05 and a beta of 1.15. 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 one-year low of $106.06 and a one-year high of $172.96.
JPMorgan Chase & Co. (NYSE: JPM – Get Rating) last reported results on Thursday, July 14. The financial services provider reported EPS of $2.76 for the quarter, matching the consensus estimate of $2.76. The company posted revenue of $30.72 billion in the quarter, versus a consensus estimate of $31.82 billion. JPMorgan Chase & Co. posted a net margin of 30.41% and a return on equity of 15.29%. The company’s revenue for the quarter increased 0.8% year over year. In the same quarter a year earlier, the company posted earnings per share of $3.78. Equity research analysts expect JPMorgan Chase & Co. to post EPS of 11.23 for the current fiscal year.
JPMorgan Chase & Co. dividend announcement
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 3.48%. JPMorgan Chase & Co.’s dividend payout ratio is currently 32.10%.
Profile of JPMorgan Chase & Co.
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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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