Arkadios Wealth Advisors raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 26.1% in the course of the third quarter, Holdings Channel experiences. The fund owned 80,681 shares of the monetary companies supplier’s inventory after shopping for an extra 16,697 shares in the course of the interval. JPMorgan Chase & Co. makes up roughly 1.0% of Arkadios Wealth Advisors’ portfolio, making the inventory its seventeenth largest place. Arkadios Wealth Advisors’ holdings in JPMorgan Chase & Co. had been value $17,012,000 on the finish of the newest reporting interval.
Plenty of different institutional buyers and hedge funds have additionally not too long ago modified their holdings of JPM. Forsta AP Fonden grew its stake in shares of JPMorgan Chase & Co. by 10.1% in the course of the third quarter. Forsta AP Fonden now owns 741,400 shares of the monetary companies supplier’s inventory value $156,332,000 after buying an extra 67,900 shares in the course of the interval. Mirae Asset World Investments Co. Ltd. boosted its place in JPMorgan Chase & Co. by 16.0% in the course of the third quarter. Mirae Asset World Investments Co. Ltd. now owns 692,809 shares of the monetary companies supplier’s inventory value $143,594,000 after buying an extra 95,461 shares in the course of the interval. BKM Wealth Administration LLC elevated its stake in shares of JPMorgan Chase & Co. by 28.5% within the third quarter. BKM Wealth Administration LLC now owns 15,397 shares of the monetary companies supplier’s inventory value $3,247,000 after buying an extra 3,412 shares within the final quarter. Parcion Non-public Wealth LLC raised its place in shares of JPMorgan Chase & Co. by 5.2% within the third quarter. Parcion Non-public Wealth LLC now owns 41,079 shares of the monetary companies supplier’s inventory valued at $8,662,000 after buying an extra 2,040 shares in the course of the interval. Lastly, Lyell Wealth Administration LP lifted its stake in shares of JPMorgan Chase & Co. by 1.7% in the course of the third quarter. Lyell Wealth Administration LP now owns 89,875 shares of the monetary companies supplier’s inventory valued at $18,951,000 after shopping for an extra 1,486 shares within the final quarter. 71.55% of the inventory is owned by institutional buyers.
JPMorgan Chase & Co. Worth Efficiency
Shares of JPMorgan Chase & Co. inventory opened at $222.90 on Wednesday. The corporate has a debt-to-equity ratio of 1.24, a fast ratio of 0.91 and a present ratio of 0.91. JPMorgan Chase & Co. has a 52-week low of $136.04 and a 52-week excessive of $226.75. The corporate has a fifty day transferring common of $215.76 and a 200-day transferring common of $206.02. The inventory has a market capitalization of $640.09 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of three.28 and a beta of 1.11.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) final posted its quarterly earnings outcomes on Friday, October eleventh. The monetary companies supplier reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a web margin of 20.32% and a return on fairness of 17.26%. The enterprise had income of $43.32 billion in the course of the quarter, in comparison with analyst estimates of $41.43 billion. Throughout the identical interval within the prior 12 months, the enterprise posted $4.33 earnings per share. The corporate’s income was up 6.5% on a year-over-year foundation. Equities analysis analysts count on that JPMorgan Chase & Co. will put up 16.75 EPS for the present 12 months.
JPMorgan Chase & Co. Will increase Dividend
The enterprise additionally not too long ago declared a quarterly dividend, which might be paid on Thursday, October thirty first. Traders of document on Friday, October 4th might be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of two.24%. This can be a optimistic change from JPMorgan Chase & Co.’s earlier quarterly dividend of $1.15. The ex-dividend date of this dividend is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.89%.
Analyst Upgrades and Downgrades
Plenty of analysis corporations not too long ago weighed in on JPM. Wolfe Analysis lowered shares of JPMorgan Chase & Co. from an “outperform” ranking to a “peer carry out” ranking in a analysis notice on Monday, July eighth. Citigroup boosted their value goal on JPMorgan Chase & Co. from $205.00 to $215.00 and gave the corporate a “impartial” ranking in a analysis notice on Monday, July fifteenth. Jefferies Monetary Group upped their value goal on JPMorgan Chase & Co. from $230.00 to $239.00 and gave the corporate a “purchase” ranking in a analysis report on Wednesday, July third. Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “chubby” ranking to an “equal weight” ranking and elevated their value goal for the inventory from $220.00 to $224.00 in a report on Monday, September thirtieth. Lastly, Oppenheimer decreased their value goal on shares of JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” ranking for the corporate in a analysis notice on Monday, October 14th. 9 analysis analysts have rated the inventory with a maintain ranking and eleven have assigned a purchase ranking to the inventory. In keeping with MarketBeat.com, the corporate presently has a median ranking of “Reasonable Purchase” and a median value goal of $217.94.
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JPMorgan Chase & Co. Firm Profile
JPMorgan Chase & Co operates as a monetary companies firm worldwide. It operates by 4 segments: Client & Group Banking (CCB), Company & Funding Financial institution (CIB), Industrial Banking (CB), and Asset & Wealth Administration (AWM). The CCB phase affords deposit, funding and lending merchandise, money administration, and funds and companies; mortgage origination and servicing actions; residential mortgages and residential fairness loans; and bank cards, auto loans, leases, and journey companies to shoppers and small companies by financial institution branches, ATMs, and digital and phone banking.
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