CMH Wealth Management LLC Has $3.05 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Share on StockTwits

CMH Wealth Management LLC decreased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 25,878 shares of the financial services provider’s stock after selling 100 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.7% of CMH Wealth Management LLC’s portfolio, making the stock its 23rd largest position. CMH Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $3,046,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in JPM. Nuveen Asset Management LLC raised its position in shares of JPMorgan Chase & Co. by 2,432.9% during the second quarter. Nuveen Asset Management LLC now owns 23,689,599 shares of the financial services provider’s stock worth $2,648,497,000 after purchasing an additional 22,754,332 shares during the period. Invesco Ltd. raised its position in shares of JPMorgan Chase & Co. by 39.8% during the second quarter. Invesco Ltd. now owns 23,689,706 shares of the financial services provider’s stock worth $2,648,509,000 after purchasing an additional 6,745,215 shares during the period. Thoroughbred Financial Services LLC raised its position in shares of JPMorgan Chase & Co. by 11,601.0% during the second quarter. Thoroughbred Financial Services LLC now owns 4,973,970 shares of the financial services provider’s stock worth $497,397,000 after purchasing an additional 4,931,461 shares during the period. Renaissance Technologies LLC acquired a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $331,575,000. Finally, Amundi Pioneer Asset Management Inc. raised its position in shares of JPMorgan Chase & Co. by 43.3% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 7,563,083 shares of the financial services provider’s stock worth $845,552,000 after purchasing an additional 2,283,575 shares during the period. 71.89% of the stock is currently owned by hedge funds and other institutional investors.

NYSE:JPM opened at $116.14 on Friday. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market cap of $371.36 billion, a PE ratio of 12.90, a PEG ratio of 1.62 and a beta of 1.20. JPMorgan Chase & Co. has a 52-week low of $91.11 and a 52-week high of $120.40. The stock has a 50-day simple moving average of $114.14 and a 200 day simple moving average of $111.46.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Tuesday, July 16th. The financial services provider reported $2.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.32. The business had revenue of $28.83 billion during the quarter, compared to the consensus estimate of $28.52 billion. JPMorgan Chase & Co. had a return on equity of 14.40% and a net margin of 24.73%. JPMorgan Chase & Co.’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the company earned $2.29 earnings per share. On average, research analysts predict that JPMorgan Chase & Co. will post 9.89 earnings per share for the current fiscal year.

The company 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 dividend of $0.90 per share. The ex-dividend date is Thursday, October 3rd. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $0.80. This represents a $3.60 dividend on an annualized basis and a dividend yield of 3.10%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 40.00%.

A number of research firms have recently commented on JPM. Deutsche Bank reaffirmed a “neutral” rating on shares of JPMorgan Chase & Co. in a research report on Friday, June 28th. Goldman Sachs Group reaffirmed a “neutral” rating and set a $117.00 price target on shares of JPMorgan Chase & Co. in a research report on Monday, July 22nd. Royal Bank of Canada set a $120.00 price target on JPMorgan Chase & Co. and gave the stock a “buy” rating in a research report on Monday, October 7th. Wells Fargo & Co set a $125.00 price objective on JPMorgan Chase & Co. and gave the stock a “buy” rating in a report on Friday, August 16th. Finally, Buckingham Research downgraded JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $122.00 price objective for the company. in a report on Monday, September 16th. They noted that the move was a valuation call. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus target price of $122.59.

In other JPMorgan Chase & Co. news, EVP Peter Scher sold 10,816 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $115.00, for a total value of $1,243,840.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lori A. Beer sold 13,341 shares of the firm’s stock in a transaction that occurred on Wednesday, July 17th. The shares were sold at an average price of $114.28, for a total value of $1,524,609.48. Following the completion of the transaction, the insider now owns 10,130 shares of the company’s stock, valued at $1,157,656.40. The disclosure for this sale can be found here. 0.76% of the stock is currently owned by company insiders.

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 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.

Recommended Story: How To Calculate Debt-to-Equity Ratio

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM).

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

CSX  Shares Gap Up  on Strong Earnings
CSX Shares Gap Up on Strong Earnings
Central Pacific Financial Corp.  Short Interest Update
Central Pacific Financial Corp. Short Interest Update
Short Interest in EPAM Systems Inc  Decreases By 8.8%
Short Interest in EPAM Systems Inc Decreases By 8.8%
DXC Technology Co  Short Interest Down 8.3% in September
DXC Technology Co Short Interest Down 8.3% in September
Unify   Trading 5.9% Lower  This Week
Unify Trading 5.9% Lower This Week
Arcblock Price Reaches $0.15
Arcblock Price Reaches $0.15


© 2006-2019 Ticker Report