Malaga Cove Capital LLC acquires 587 shares of JPMorgan Chase & Co. (NYSE: JPM)

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Malaga Cove Capital LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.4% during the 1st quarter, according to its latest 13F filing with the Securities and Exchange Commission (SEC). The fund held 25,459 shares of the financial services provider after buying an additional 587 shares during the period. JPMorgan Chase & Co. owns 1.6% of the holdings of Malaga Cove Capital LLC, making it its 9th largest holding. Malaga Cove Capital LLC’s holdings in JPMorgan Chase & Co. were worth $3,471,000 when it last filed with the SEC.

Several other hedge funds and other institutional investors have also recently changed their positions in JPM. Joseph Group Capital Management acquired a new equity stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $1,353,000. Evolution Advisers Inc. acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $52,000. Leverty Financial Group LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at approximately $54,000. Delos Wealth Advisors LLC increased its position in JPMorgan Chase & Co. shares by 13,433.3% in the fourth quarter. Delos Wealth Advisors LLC now owns 406 shares of the financial services provider valued at $64,000 after purchasing an additional 403 shares during the period. Finally, Landmark Wealth Management LLC bought a new position in JPMorgan Chase & Co. stock in the first quarter valued at around $46,000. 70.35% of the shares are currently held by institutional investors and hedge funds.

A Wall Street analyst gives his opinion

A number of equity analysts have recently commented on JPM shares. StockNews.com began covering JPMorgan Chase & Co. shares in a Thursday, March 31 report. They set a “holding” rating for the company. Royal Bank of Canada cut its price target on JPMorgan Chase & Co. shares to $130.00 in a Thursday, July 14 research report. Wells Fargo & Company lowered its price target on JPMorgan Chase & Co. stock from $120.00 to $118.00 and set an ‘equal weight’ rating on the stock in a Thursday research note July 14th. Keefe, Bruyette & Woods reissued a “market performance” rating and issued a price target of $148.00 (down from $142.00 previously) on JPMorgan Chase & Co. shares in a Tuesday 24 report. may. Finally, UBS Group lowered its price target on JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating for the company in a research note on Friday, July 15. One analyst rated the stock with a sell rating, eight gave the company a hold rating and nine assigned a buy rating. According to MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average target price of $145.95.

JPMorgan Chase & Co. stock performance

Shares of NYSE:JPM opened at $115.32 on Friday. JPMorgan Chase & Co. has a 52-week low of $106.06 and a 52-week high of $172.96. The stock has a market capitalization of $338.70 billion, a P/E ratio of 9.26, a PEG ratio of 2.04 and a beta of 1.15. The company has a fifty-day simple moving average of $118.93 and a two-hundred-day simple moving average of $133.26. The company has a quick ratio of 0.82, a current ratio of 0.83 and a debt ratio of 1.14.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly results on Thursday, July 14. The financial services provider reported EPS of $2.76 for the quarter, meeting analyst consensus estimates of $2.76. JPMorgan Chase & Co. posted a net margin of 30.41% and a return on equity of 15.29%. The company posted revenue of $30.72 billion in the quarter, compared to $31.82 billion expected by analysts. During the same period of the previous year, the company achieved EPS of $3.78. The company’s revenue for the quarter increased by 0.8% compared to the same quarter last year. On average, analysts expect JPMorgan Chase & Co. to post earnings per share of 11.24 for the current fiscal year.

JPMorgan Chase & Co. announces dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, July 31. Shareholders of record on Wednesday, July 6 will receive a dividend of $1.00 per share. This represents a dividend of $4.00 on an annualized basis and a yield of 3.47%. The ex-dividend date is Tuesday, July 5. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 32.10%.

About JPMorgan Chase & Co.

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JPMorgan Chase & Co operates as a worldwide financial services company. 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 consumer services; lending, deposit, cash management and payment solutions for small businesses; mortgage origination and management activities; residential mortgages and home equity loans; and credit card, car loan and leasing services.

Further reading

Want to see what other hedge funds hold JPM? Visit HoldingsChannel.com for the latest 13F filings and insider trading for JPMorgan Chase & Co. (NYSE:JPM – Get Rating).

Institutional ownership by quarter for JPMorgan Chase & Co. (NYSE: JPM)



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