Banque Cantonale Vaudoise cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 137,039 shares of the financial services provider's stock after selling 2,454 shares during the quarter. JPMorgan Chase & Co. makes up approximately 0.8% of Banque Cantonale Vaudoise's holdings, making the stock its 15th biggest holding. Banque Cantonale Vaudoise's holdings in JPMorgan Chase & Co. were worth $18,681,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of the stock. Bigelow Investment Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.0% in the fourth quarter. Bigelow Investment Advisors LLC now owns 6,886 shares of the financial services provider's stock worth $1,090,000 after buying an additional 69 shares during the last quarter. Valley Brook Capital Group Inc. raised its holdings in shares of JPMorgan Chase & Co. by 0.4% during the fourth quarter. Valley Brook Capital Group Inc. now owns 18,319 shares of the financial services provider's stock worth $2,900,000 after purchasing an additional 70 shares during the last quarter. Cable Hill Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.2% during the fourth quarter. Cable Hill Partners LLC now owns 6,063 shares of the financial services provider's stock worth $960,000 after purchasing an additional 70 shares during the last quarter. Legacy Wealth Asset Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.1% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 6,693 shares of the financial services provider's stock worth $1,060,000 after purchasing an additional 71 shares during the last quarter. Finally, Dimension Capital Management LLC raised its holdings in shares of 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. 70.35% of the stock is owned by hedge funds and other institutional investors.
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JPMorgan Chase & Co. Stock Up 2.6 %
Shares of NYSE JPM opened at $118.39 on Thursday. The firm has a market cap of $347.19 billion, a price-to-earnings ratio of 9.50, a price-to-earnings-growth ratio of 2.07 and a beta of 1.12. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96. The company's 50-day simple moving average is $116.31 and its 200-day simple moving average is $128.89. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 1.14.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, hitting analysts' consensus estimates of $2.76. The firm 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 quarterly revenue was up .8% on a year-over-year basis. During the same period in the previous year, the business posted $3.78 earnings per share. Equities analysts predict that JPMorgan Chase & Co. will post 11.21 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th were issued a $1.00 dividend. The ex-dividend date was Tuesday, July 5th. This represents a $4.00 annualized dividend and a yield of 3.38%. JPMorgan Chase & Co.'s payout ratio is 32.10%.
Analysts Set New Price Targets
Several research analysts recently issued reports on JPM shares. Berenberg Bank raised shares of JPMorgan Chase & Co. from a "sell" rating to a "hold" rating and set a $120.00 target price for the company in a report on Monday, July 18th. Oppenheimer reduced their target price on shares of JPMorgan Chase & Co. from $154.00 to $153.00 and set an "outperform" rating for the company in a report on Friday, July 15th. Barclays set a $200.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 18th. Societe Generale raised shares of JPMorgan Chase & Co. from a "hold" rating to a "buy" rating and lifted their price objective for the company from $145.00 to $150.00 in a report on Tuesday, May 24th. Finally, Jefferies Financial Group cut their price objective on shares of JPMorgan Chase & Co. from $137.00 to $126.00 and set a "hold" rating for the company in a report on Monday, July 11th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus 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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