Polaris Wealth Advisory Group LLC Sells 226,923 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Polaris Wealth Advisory Group LLC decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 96.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 7,202 shares of the financial services provider’s stock after selling 226,923 shares during the quarter. Polaris Wealth Advisory Group LLC’s holdings in JPMorgan Chase & Co. were worth $713,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Hoey Investments Inc. grew its holdings in shares of JPMorgan Chase & Co. by 187.7% during the 2nd quarter. Hoey Investments Inc. now owns 49,684 shares of the financial services provider’s stock worth $4,673,000 after purchasing an additional 32,417 shares in the last quarter. Hayden Royal LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.7% during the 1st quarter. Hayden Royal LLC now owns 13,848 shares of the financial services provider’s stock worth $1,247,000 after purchasing an additional 362 shares in the last quarter. Occidental Asset Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 6.7% during the 2nd quarter. Occidental Asset Management LLC now owns 8,857 shares of the financial services provider’s stock worth $833,000 after purchasing an additional 554 shares in the last quarter. GFG Capital LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth $947,000. Finally, WealthTrust Axiom LLC grew its holdings in shares of JPMorgan Chase & Co. by 7.0% during the 2nd quarter. WealthTrust Axiom LLC now owns 7,703 shares of the financial services provider’s stock worth $724,000 after purchasing an additional 501 shares in the last quarter. Hedge funds and other institutional investors own 69.35% of the company’s stock.

Shares of JPM stock opened at $101.51 on Friday. The business’s 50-day moving average price is $99.36 and its 200-day moving average price is $96.79. JPMorgan Chase & Co. has a 12 month low of $76.91 and a 12 month high of $141.10. The firm has a market capitalization of $309.36 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 3.16 and a beta of 1.15. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.35.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Monday, October 19th. The financial services provider reported $2.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.23 by $0.69. JPMorgan Chase & Co. had a return on equity of 10.75% and a net margin of 18.16%. The company had revenue of $29.90 billion during the quarter, compared to the consensus estimate of $28.20 billion. During the same period last year, the company earned $2.68 earnings per share. The firm’s revenue was up 4.0% compared to the same quarter last year. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 6.48 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Stockholders of record on Tuesday, October 6th will be given a dividend of $0.90 per share. The ex-dividend date of this dividend is Monday, October 5th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.55%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 34.35%.

JPM has been the topic of several research analyst reports. Credit Suisse Group reaffirmed a “buy” rating and issued a $126.00 price objective (up from $122.00) on shares of JPMorgan Chase & Co. in a research note on Wednesday. DA Davidson raised JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and raised their price objective for the company from $102.00 to $117.00 in a research note on Thursday, July 9th. TheStreet raised JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a research note on Tuesday, August 4th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 price objective on the stock in a research note on Thursday, July 9th. Finally, Atlantic Securities raised JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $120.00 price objective on the stock in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. presently has a consensus rating of “Buy” and a consensus price target of $111.59.

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

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