Avestar Capital LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,133 shares of the financial services provider’s stock after acquiring an additional 460 shares during the period. Avestar Capital LLC’s holdings in JPMorgan Chase & Co. were worth $859,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. NuWave Investment Management LLC bought a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $30,000. Lion Street Advisors LLC acquired a new stake in JPMorgan Chase & Co. in the first quarter worth $37,000. Horan Securities Inc. bought a new stake in JPMorgan Chase & Co. in the first quarter valued at $45,000. Efficient Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the first quarter valued at about $51,000. Finally, Larson Financial Group LLC boosted its position in shares of JPMorgan Chase & Co. by 217.6% during the 1st quarter. Larson Financial Group LLC now owns 597 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 409 shares in the last quarter. 71.35% of the stock is owned by hedge funds and other institutional investors.
JPM stock opened at $96.64 on Friday. The stock’s fifty day simple moving average is $96.77 and its two-hundred day simple moving average is $105.48. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.35. JPMorgan Chase & Co. has a 1-year low of $76.91 and a 1-year high of $141.10. The stock has a market cap of $294.46 billion, a P/E ratio of 13.04, a P/E/G ratio of 3.24 and a beta of 1.19.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Monday, July 6th were issued a dividend of $0.90 per share. The ex-dividend date was Thursday, July 2nd. This represents a $3.60 dividend on an annualized basis and a yield of 3.73%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.
In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 24,554 shares of the business’s stock in a transaction dated Wednesday, July 15th. The shares were sold at an average price of $99.52, for a total value of $2,443,614.08. Insiders own 0.78% of the company’s stock.
A number of research analysts recently weighed in on JPM shares. Morgan Stanley reaffirmed a “buy” rating and set a $106.00 price target on shares of JPMorgan Chase & Co. in a research note on Monday, July 27th. Credit Suisse Group set a $122.00 target price on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Monday, May 18th. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 price target for the company in a research report on Thursday, July 9th. Odeon Capital Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $105.75 price objective on the stock in a report on Wednesday, May 20th. Finally, BMO Capital Markets raised their price objective on shares of JPMorgan Chase & Co. from $108.00 to $119.00 in a research note on Wednesday, July 15th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fifteen have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $110.89.
JPMorgan Chase & Co. 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 deposit and investment products 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, payment processing, auto loan, and leasing services.
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