Pinnacle Associates Ltd. lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 4.7% within the third quarter, in accordance with the corporate in its most up-to-date disclosure with the SEC. The institutional investor owned 478,369 shares of the monetary providers supplier’s inventory after buying a further 21,355 shares in the course of the quarter. JPMorgan Chase & Co. accounts for about 1.6% of Pinnacle Associates Ltd.’s funding portfolio, making the inventory its fifth largest place. Pinnacle Associates Ltd.’s holdings in JPMorgan Chase & Co. had been value $100,869,000 on the finish of the newest quarter.
Different massive traders additionally just lately purchased and bought shares of the corporate. Retirement Group LLC elevated its place in shares of JPMorgan Chase & Co. by 227.1% in the course of the 1st quarter. Retirement Group LLC now owns 157 shares of the monetary providers supplier’s inventory valued at $31,000 after buying a further 109 shares over the past quarter. Fairway Wealth LLC purchased a brand new place in JPMorgan Chase & Co. in the course of the second quarter valued at $32,000. Anfield Capital Administration LLC bought a brand new stake in shares of JPMorgan Chase & Co. within the second quarter valued at $34,000. West Monetary Advisors LLC purchased a brand new stake in shares of JPMorgan Chase & Co. within the third quarter value about $37,000. Lastly, Davidson Capital Administration Inc. bought a brand new place in shares of JPMorgan Chase & Co. in the course of the 1st quarter value about $37,000. Institutional traders personal 71.55% of the corporate’s inventory.
Wall Road Analysts Forecast Progress
Numerous analysts just lately weighed in on the inventory. Keefe, Bruyette & Woods elevated their worth goal on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the inventory a “market carry out” ranking in a analysis report on Tuesday, July ninth. Wolfe Analysis lowered JPMorgan Chase & Co. from an “outperform” ranking to a “peer carry out” ranking in a analysis be aware on Monday, July eighth. Evercore ISI upped their worth goal on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the corporate an “outperform” ranking in a analysis report on Monday, October 14th. Deutsche Financial institution Aktiengesellschaft reiterated a “maintain” ranking and set a $235.00 goal worth on shares of JPMorgan Chase & Co. in a analysis report on Tuesday, September third. Lastly, Royal Financial institution of Canada upped their worth goal on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the inventory an “outperform” ranking in a report on Monday, October 14th. Eight equities analysis analysts have rated the inventory with a maintain ranking and eleven have given a purchase ranking to the corporate’s inventory. Based on MarketBeat, the corporate presently has a median ranking of “Reasonable Purchase” and a median worth goal of $222.81.
View Our Newest Inventory Report on JPMorgan Chase & Co.
JPMorgan Chase & Co. Value Efficiency
Shares of JPM inventory opened at $222.94 on Friday. The inventory’s 50-day shifting common is $216.15 and its 200 day shifting common is $206.72. JPMorgan Chase & Co. has a 1-year low of $139.23 and a 1-year excessive of $226.75. The corporate has a debt-to-equity ratio of 1.27, a present ratio of 0.89 and a fast ratio of 0.91. The corporate has a market cap of $627.65 billion, a P/E ratio of 12.41, a PEG ratio of three.28 and a beta of 1.10.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) final posted its quarterly earnings knowledge on Friday, October eleventh. The monetary providers supplier reported $4.37 EPS for the quarter, topping the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a web margin of 19.64% and a return on fairness of 16.71%. The agency had income of $43.32 billion in the course of the quarter, in comparison with analyst estimates of $41.43 billion. Throughout the identical quarter within the earlier yr, the enterprise posted $4.33 EPS. JPMorgan Chase & Co.’s income was up 6.5% on a year-over-year foundation. Analysis analysts predict that JPMorgan Chase & Co. will submit 17.52 earnings per share for the present fiscal yr.
JPMorgan Chase & Co. Will increase Dividend
The agency additionally just lately disclosed a quarterly dividend, which was paid on Thursday, October thirty first. Stockholders of file on Friday, October 4th got a $1.25 dividend. It is a enhance from JPMorgan Chase & Co.’s earlier quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. This represents a $5.00 dividend on an annualized foundation and a dividend yield of two.24%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.
About JPMorgan Chase & Co.
JPMorgan Chase & Co operates as a monetary providers firm worldwide. It operates by 4 segments: Client & Neighborhood Banking (CCB), Company & Funding Financial institution (CIB), Industrial Banking (CB), and Asset & Wealth Administration (AWM). The CCB phase gives deposit, funding and lending merchandise, money administration, and funds and providers; mortgage origination and servicing actions; residential mortgages and residential fairness loans; and bank cards, auto loans, leases, and journey providers to customers and small companies by financial institution branches, ATMs, and digital and phone banking.
Beneficial Tales
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