HYA Advisors Inc Sells 839 Shares of JPMorgan Chase & Co. (NYSE:JPM) #HYA #Advisors #Sells #Shares #JPMorgan #Chase #NYSEJPM Welcome to Americanah Blog, here is the new story we have for you today:
HYA Advisors Inc trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 12.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,171 shares of the financial services provider’s stock after selling 839 shares during the period. HYA Advisors Inc’s holdings in JPMorgan Chase & Co. were worth $695,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Dravo Bay LLC purchased a new stake in shares of JPMorgan Chase & Co. during the first quarter worth $26,000. Advanced Research Investment Solutions LLC raised its position in shares of JPMorgan Chase & Co. by 118.2% in the first quarter. Advanced Research Investment Solutions LLC now owns 288 shares of the financial services provider’s stock worth $39,000 after buying an additional 156 shares in the last quarter. Swaine & Leidel Wealth Services LLC purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter worth $44,000. Landmark Wealth Management LLC purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter worth $46,000. Finally, Cordant Inc. purchased a new stake in shares of JPMorgan Chase & Co. in the first quarter worth $47,000. Hedge funds and other institutional investors own 68.57% of the company’s stock.
JPMorgan Chase & Co. Price Performance
Shares of NYSE JPM opened at $111.21 on Friday. JPMorgan Chase & Co. has a twelve month low of $106.06 and a twelve month high of $172.96. The firm has a market cap of $326.13 billion, a P/E ratio of 8.93, a PEG ratio of 2.04 and a beta of 1.10. The company has a 50 day moving average of $116.09 and a 200 day moving average of $122.16. 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 announced its quarterly earnings data on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.09). JPMorgan Chase & Co. had a return on equity of 15.29% and a net margin of 30.41%. The firm had revenue of $30.72 billion during the quarter, compared to analysts’ expectations of $31.82 billion. During the same quarter in the previous year, the firm earned $3.78 earnings per share. JPMorgan Chase & Co.’s revenue was up .8% on a year-over-year basis. As a group, research analysts expect that JPMorgan Chase & Co. will post 11.33 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Shareholders of record on Thursday, October 6th will be given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Wednesday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.10%.
Analysts Set New Price Targets
A number of equities research analysts recently issued reports on the company. Citigroup upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and lowered their price objective for the stock from $145.00 to $135.00 in a research report on Tuesday, July 12th. Evercore ISI lowered their price objective on JPMorgan Chase & Co. from $135.00 to $125.00 in a research report on Friday, July 15th. Royal Bank of Canada set a $130.00 price objective on JPMorgan Chase & Co. in a research report on Tuesday, September 6th. Berenberg Bank upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price target on the stock in a research report on Monday, July 18th. Finally, Credit Suisse Group set a $145.00 price target on JPMorgan Chase & Co. in a research report on Monday, August 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $145.95.
JPMorgan Chase & Co. Company Profile
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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