Schmidt PJ Investment Management Inc. increases its stock position in JPMorgan Chase & Co. (NYSE:JPM)


Schmidt PJ Investment Management Inc. increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating ) by 2.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,652 shares of the financial services provider’s stock after purchasing an additional 782 shares during the quarter. JPMorgan Chase & Co. makes up approximately 1.0% of Schmidt PJ Investment Management Inc.’s portfolio, making the stock its 28th largest holding. Holdings of Schmidt PJ Investment Management Inc. at JPMorgan Chase & Co. were worth $4,494,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in JPM. Joseph Group Capital Management bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth about $1,353,000. Evolution Advisers Inc. bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $52,000. Leverty Financial Group LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $54,000. Delos Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 13,433.3% in the 4th quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider’s stock valued at $64,000 after buying an additional 403 shares during the period. Finally, Landmark Wealth Management LLC purchased a new position in shares of JPMorgan Chase & Co. in the first quarter worth about $46,000. 70.35% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading up 3.0%

NYSE:JPM opened at $115.76 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt-to-equity ratio of 1.14. The business’s 50-day moving average is $116.99, and its two-hundred-day moving average is $129.20. JPMorgan Chase & Co. it has a 52-week low of $106.06 and a 52-week high of $172.96. The company has a market cap of $339.99 billion, a PE ratio of 9.29, a P/E/G ratio of 2.07 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating ) last posted its earnings results on Thursday, July 14th. The financial services provider reported $2.76 EPS for the quarter, hitting analysts’ consensus estimates of $2.76. JPMorgan Chase & Co. has a return on equity of 15.29% and a net margin of 30.41%. The company had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $31.82 billion. During the same quarter last year, the business reported $3.78 EPS. JPMorgan Chase & Co.’s quarterly earnings were up .8% compared to the same quarter last year. On average, analysts predict that JPMorgan Chase & Co. will post 11.21 EPS for the current year.

JPMorgan Chase & Co. declares a dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th were given a dividend of $1.00 per share. This represents a dividend of $4.00 on an annualized basis and a yield of 3.46%. The ex-dividend date of this dividend was Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio. it is currently 32.10%.

The Wall Street analyst weighs in

A number of equities analysts have recently issued reports on the company. Societe Generale upgraded JPMorgan Chase & Co.’s rating. from a “hold” rating to a “buy” rating and upped their target price for the company from $145.00 to $150.00 in a research note on Tuesday, May 24th. UBS Group lowered its target price for JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating for the company in a research note on Friday, July 15th. Royal Bank of Canada lowered their target price on JPMorgan Chase & Co. to $130.00 in a research note dated Thursday, July 14th. Citigroup upgraded JPMorgan Chase & Co.’s rating. from a “neutral” rating to a “buy” rating and dropped their target price for the company from $145.00 to $135.00 in a research note on Tuesday, July 12th. Finally, Evercore ISI lowered their target price on JPMorgan Chase & Co. from $135.00 to $125.00 in a research note on Friday, July 15th. One equities research 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $145.95.

About JPMorgan Chase & Co.

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JPMorgan Chase & Co operates as a financial services company worldwide. It operates in four segments: Consumer and Community Banking (CCB), Corporate and Investment Banking (CIB), Commercial Banking (CB) and Asset and Wealth Management (AWM). The CCB segment offers deposit, investment and credit products, payments and consumer services; lending, deposit and cash management and payment solutions for small businesses; mortgage issuing and servicing activities; residential mortgages and residential loans; and credit cards, auto loans and leasing services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co.  (NYSE:JPM)



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