Aviso Wealth Management Cuts Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Aviso Wealth Management decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,090 shares of the financial services provider’s stock after selling 179 shares during the quarter. Aviso Wealth Management’s holdings in JPMorgan Chase & Co. were worth $1,029,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Full Sail Capital LLC grew its holdings in shares of JPMorgan Chase & Co. by 8.1% during the second quarter. Full Sail Capital LLC now owns 5,252 shares of the financial services provider’s stock worth $1,062,000 after purchasing an additional 394 shares in the last quarter. Ascent Group LLC grew its holdings in shares of JPMorgan Chase & Co. by 6.1% during the second quarter. Ascent Group LLC now owns 51,512 shares of the financial services provider’s stock worth $10,419,000 after purchasing an additional 2,948 shares in the last quarter. Driehaus Capital Management LLC boosted its stake in JPMorgan Chase & Co. by 13.1% in the second quarter. Driehaus Capital Management LLC now owns 7,378 shares of the financial services provider’s stock worth $1,492,000 after buying an additional 854 shares in the last quarter. Brick & Kyle Associates boosted its stake in JPMorgan Chase & Co. by 3.4% in the second quarter. Brick & Kyle Associates now owns 36,775 shares of the financial services provider’s stock worth $7,438,000 after buying an additional 1,221 shares in the last quarter. Finally, Kathmere Capital Management LLC boosted its stake in JPMorgan Chase & Co. by 19.1% in the second quarter. Kathmere Capital Management LLC now owns 5,900 shares of the financial services provider’s stock worth $1,193,000 after buying an additional 947 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on JPM. Morgan Stanley cut their target price on JPMorgan Chase & Co. from $226.00 to $220.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. Barclays upped their target price on JPMorgan Chase & Co. from $212.00 to $217.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Jefferies Financial Group boosted their target price on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the company a “buy” rating in a research note on Wednesday, July 3rd. Wells Fargo & Company raised their price target on JPMorgan Chase & Co. from $220.00 to $225.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. Finally, Piper Sandler boosted their price objective on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $211.06.

JPMorgan Chase & Co. Stock Up 0.3 %

Shares of NYSE JPM opened at $210.50 on Friday. The firm has a fifty day simple moving average of $211.47 and a two-hundred day simple moving average of $202.50. JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $225.48. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24. The firm has a market capitalization of $598.91 billion, a PE ratio of 11.74, a price-to-earnings-growth ratio of 2.39 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, July 12th. The financial services provider reported $6.12 EPS for the quarter, topping the consensus estimate of $4.19 by $1.93. JPMorgan Chase & Co. had a net margin of 20.32% and a return on equity of 17.26%. The firm had revenue of $50.80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. During the same period last year, the company posted $4.37 EPS. 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 declared a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be given a dividend of $1.25 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date of this dividend is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.66%.

About JPMorgan Chase & Co.

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.