JPMorgan Chase & Co. (JPM) is Doyle Wealth Management’s 8th Largest Position

Doyle Wealth Management reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the 2nd quarter, Holdings Channel reports. The firm owned 165,041 shares of the financial services provider’s stock after selling 699 shares during the period. JPMorgan Chase & Co. accounts for approximately 2.8% of Doyle Wealth Management’s holdings, making the stock its 8th biggest position. Doyle Wealth Management’s holdings in JPMorgan Chase & Co. were worth $17,197,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Financial Gravity Wealth Inc. bought a new stake in shares of JPMorgan Chase & Co. during the first quarter valued at approximately $150,000. Usca Ria LLC increased its position in shares of JPMorgan Chase & Co. by 9.9% during the first quarter. Usca Ria LLC now owns 58,015 shares of the financial services provider’s stock valued at $6,380,000 after acquiring an additional 5,250 shares in the last quarter. Alpha Cubed Investments LLC increased its position in shares of JPMorgan Chase & Co. by 3.3% during the first quarter. Alpha Cubed Investments LLC now owns 180,161 shares of the financial services provider’s stock valued at $19,812,000 after acquiring an additional 5,774 shares in the last quarter. Banque Pictet & Cie SA increased its position in shares of JPMorgan Chase & Co. by 2.3% during the first quarter. Banque Pictet & Cie SA now owns 177,606 shares of the financial services provider’s stock valued at $19,531,000 after acquiring an additional 3,978 shares in the last quarter. Finally, Fulcrum Capital LLC increased its position in shares of JPMorgan Chase & Co. by 835.3% during the first quarter. Fulcrum Capital LLC now owns 48,226 shares of the financial services provider’s stock valued at $5,303,000 after acquiring an additional 43,070 shares in the last quarter. Hedge funds and other institutional investors own 69.14% of the company’s stock.

NYSE:JPM opened at $106.65 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 1.17. JPMorgan Chase & Co. has a 12 month low of $97.93 and a 12 month high of $119.33. The company has a market capitalization of $369.42 billion, a price-to-earnings ratio of 12.29, a P/E/G ratio of 1.74 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, October 12th. The financial services provider reported $2.34 EPS for the quarter, topping analysts’ consensus estimates of $2.24 by $0.10. JPMorgan Chase & Co. had a net margin of 23.39% and a return on equity of 13.90%. The business had revenue of $27.26 billion during the quarter, compared to the consensus estimate of $27.20 billion. During the same quarter in the previous year, the firm posted $1.76 EPS. On average, sell-side analysts forecast that JPMorgan Chase & Co. will post 9.26 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Friday, October 5th were given a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 3.00%. The ex-dividend date was Thursday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.56. JPMorgan Chase & Co.’s payout ratio is 46.58%.

In related news, Director Mellody L. Hobson bought 1,150 shares of the business’s stock in a transaction on Friday, October 19th. The stock was acquired at an average price of $108.94 per share, with a total value of $125,281.00. Following the transaction, the director now owns 2,632 shares in the company, valued at approximately $286,730.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.73% of the company’s stock.

Several equities research analysts recently weighed in on the stock. Wolfe Research assumed coverage on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 25th. They set an “outperform” rating for the company. Zacks Investment Research downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research report on Monday, September 17th. Bank of America raised their price target on shares of JPMorgan Chase & Co. from $126.00 to $132.00 and gave the company a “buy” rating in a research report on Monday, September 17th. BMO Capital Markets raised their price target on shares of JPMorgan Chase & Co. to $124.00 and gave the company a “market perform” rating in a research report on Monday, October 15th. Finally, Wells Fargo & Co set a $130.00 price target on shares of JPMorgan Chase & Co. and gave the company a “buy” rating in a research report on Thursday, November 15th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $123.49.

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JPMorgan Chase & Co. Profile

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. The Consumer & Community Banking segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; residential mortgages and home equity loans; and credit cards, payment processing services, auto loans and leases.

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

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