Triangle Securities Wealth Management Sells 355 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Triangle Securities Wealth Management decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,027 shares of the financial services provider’s stock after selling 355 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.8% of Triangle Securities Wealth Management’s portfolio, making the stock its 10th biggest holding. Triangle Securities Wealth Management’s holdings in JPMorgan Chase & Co. were worth $5,243,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Turim 21 Investimentos Ltda. purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $36,000. Advocacy Wealth Management Services LLC grew its stake in shares of JPMorgan Chase & Co. by 94.3% in the 3rd quarter. Advocacy Wealth Management Services LLC now owns 309 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 150 shares during the last quarter. Capital Directions Investment Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 27.7% in the 2nd quarter. Capital Directions Investment Advisors LLC now owns 392 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 85 shares during the last quarter. Activest Wealth Management grew its stake in shares of JPMorgan Chase & Co. by 284.8% in the 3rd quarter. Activest Wealth Management now owns 431 shares of the financial services provider’s stock valued at $71,000 after purchasing an additional 319 shares during the last quarter. Finally, Ten Capital Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 19.2% in the 2nd quarter. Ten Capital Wealth Advisors LLC now owns 460 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 74 shares during the last quarter. 69.51% of the stock is currently owned by institutional investors.

Several research analysts have weighed in on the company. Zacks Investment Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a research note on Tuesday, September 28th. Morgan Stanley lifted their price target on JPMorgan Chase & Co. from $150.00 to $166.00 and gave the company an “underweight” rating in a research note on Thursday, July 29th. Credit Suisse Group set a $177.00 price target on JPMorgan Chase & Co. in a research note on Thursday, October 14th. Royal Bank of Canada lifted their price target on JPMorgan Chase & Co. from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Thursday, October 14th. Finally, Jefferies Financial Group lifted their price target on JPMorgan Chase & Co. from $177.00 to $198.00 and gave the company a “buy” rating in a research note on Monday, October 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $168.56.

NYSE JPM opened at $166.96 on Thursday. JPMorgan Chase & Co. has a fifty-two week low of $117.77 and a fifty-two week high of $172.96. The stock has a market cap of $493.41 billion, a price-to-earnings ratio of 10.56, a price-to-earnings-growth ratio of 2.15 and a beta of 1.16. The business has a fifty day moving average of $166.07 and a 200-day moving average of $160.51. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.17.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Wednesday, October 13th. The financial services provider reported $3.74 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.00 by $0.74. JPMorgan Chase & Co. had a return on equity of 19.89% and a net margin of 39.41%. The company had revenue of $29.60 billion during the quarter, compared to analysts’ expectations of $29.63 billion. During the same period in the previous year, the firm posted $2.92 earnings per share. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. As a group, analysts anticipate that JPMorgan Chase & Co. will post 14.95 EPS for the current year.

The firm also recently announced a dividend, which was paid on Wednesday, November 17th. Investors of record on Monday, November 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Friday, November 12th. JPMorgan Chase & Co.’s payout ratio is currently 25.30%.

JPMorgan Chase & Co. Profile

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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

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