Prairie Wealth Advisors Inc. Cuts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Prairie Wealth Advisors Inc. lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 45.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,074 shares of the financial services provider’s stock after selling 913 shares during the period. Prairie Wealth Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $217,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Trinity Legacy Partners LLC raised its stake in JPMorgan Chase & Co. by 5.1% in the 2nd quarter. Trinity Legacy Partners LLC now owns 25,323 shares of the financial services provider’s stock valued at $5,122,000 after purchasing an additional 1,222 shares during the last quarter. Wescott Financial Advisory Group LLC grew its holdings in shares of JPMorgan Chase & Co. by 3.8% during the second quarter. Wescott Financial Advisory Group LLC now owns 2,554 shares of the financial services provider’s stock worth $517,000 after buying an additional 94 shares in the last quarter. Royal Capital Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 1.8% in the second quarter. Royal Capital Wealth Management LLC now owns 20,867 shares of the financial services provider’s stock valued at $4,220,000 after buying an additional 368 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of JPMorgan Chase & Co. by 58.8% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 550,119 shares of the financial services provider’s stock worth $111,267,000 after buying an additional 203,761 shares in the last quarter. Finally, Gateway Advisory LLC boosted its position in JPMorgan Chase & Co. by 6.2% during the second quarter. Gateway Advisory LLC now owns 10,122 shares of the financial services provider’s stock worth $2,047,000 after acquiring an additional 588 shares during the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on JPM shares. Evercore ISI raised their target price on shares of JPMorgan Chase & Co. from $210.00 to $211.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. StockNews.com raised JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a research note on Saturday, July 13th. Oppenheimer raised their target price on JPMorgan Chase & Co. from $215.00 to $221.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Wolfe Research cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, July 8th. Finally, Citigroup raised their price objective on shares of JPMorgan Chase & Co. from $205.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $211.06.

JPMorgan Chase & Co. Trading Down 0.2 %

JPM opened at $209.78 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.24. The firm has a market cap of $596.86 billion, a P/E ratio of 11.70, a P/E/G ratio of 2.39 and a beta of 1.12. JPMorgan Chase & Co. has a 52 week low of $135.19 and a 52 week high of $225.48. The business has a fifty day simple moving average of $211.47 and a 200-day simple moving average of $202.20.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, beating analysts’ consensus estimates of $4.19 by $1.93. The company had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. JPMorgan Chase & Co. had a return on equity of 17.26% and a net margin of 20.32%. During the same period last year, the business posted $4.37 EPS. On average, equities analysts expect that JPMorgan Chase & Co. will post 16.72 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be issued a $1.25 dividend. The ex-dividend date is Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.38%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is 25.66%.

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 deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.