Lowe Brockenbrough & Co. Inc. lowered its place in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.5% in the course of the third quarter, Holdings Channel studies. The agency owned 146,167 shares of the monetary providers supplier’s inventory after promoting 8,495 shares in the course of the quarter. JPMorgan Chase & Co. makes up about 2.0% of Lowe Brockenbrough & Co. Inc.’s portfolio, making the inventory its seventh largest holding. Lowe Brockenbrough & Co. Inc.’s holdings in JPMorgan Chase & Co. have been price $30,821,000 as of its most up-to-date SEC submitting.
Various different hedge funds and different institutional buyers have additionally made modifications to their positions in JPM. Capital Worldwide Traders raised its place in shares of JPMorgan Chase & Co. by 1.9% in the course of the 1st quarter. Capital Worldwide Traders now owns 42,294,992 shares of the monetary providers supplier’s inventory price $8,471,687,000 after buying an extra 778,297 shares over the last quarter. Capital World Traders grew its stake in shares of JPMorgan Chase & Co. by 0.4% in the course of the 1st quarter. Capital World Traders now owns 34,422,011 shares of the monetary providers supplier’s inventory valued at $6,894,729,000 after shopping for an extra 150,812 shares in the course of the interval. Dimensional Fund Advisors LP elevated its holdings in JPMorgan Chase & Co. by 4.8% within the 2nd quarter. Dimensional Fund Advisors LP now owns 22,696,963 shares of the monetary providers supplier’s inventory valued at $4,590,412,000 after buying an extra 1,040,594 shares within the final quarter. Capital Analysis International Traders elevated its holdings in JPMorgan Chase & Co. by 23.3% within the 1st quarter. Capital Analysis International Traders now owns 17,200,124 shares of the monetary providers supplier’s inventory valued at $3,445,185,000 after buying an extra 3,252,451 shares within the final quarter. Lastly, Worldwide Property Funding Administration LLC acquired a brand new stake in JPMorgan Chase & Co. within the third quarter valued at $1,888,088,000. Institutional buyers and hedge funds personal 71.55% of the corporate’s inventory.
JPMorgan Chase & Co. Inventory Up 0.8 %
Shares of NYSE:JPM opened at $221.58 on Wednesday. JPMorgan Chase & Co. has a 52 week low of $142.79 and a 52 week excessive of $226.75. The corporate has a debt-to-equity ratio of 1.27, a fast ratio of 0.89 and a present ratio of 0.89. The corporate has a market capitalization of $623.82 billion, a PE ratio of 12.33, a PEG ratio of three.25 and a beta of 1.10. The corporate has a 50 day shifting common worth of $216.19 and a two-hundred day shifting common worth of $207.43.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) final introduced its earnings outcomes 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 enterprise had income of $43.32 billion in the course of the quarter, in comparison with analysts’ expectations of $41.43 billion. Throughout the identical quarter within the prior 12 months, the corporate posted $4.33 earnings per share. The agency’s income was up 6.5% on a year-over-year foundation. Analysts forecast that JPMorgan Chase & Co. will publish 17.52 earnings per share for the present 12 months.
JPMorgan Chase & Co. Will increase Dividend
The corporate additionally not too long ago declared a quarterly dividend, which was paid on Thursday, October thirty first. Shareholders of document on Friday, October 4th have been paid a $1.25 dividend. The ex-dividend date was Friday, October 4th. This represents a $5.00 dividend on an annualized foundation and a yield of two.26%. This can be a increase from JPMorgan Chase & Co.’s earlier quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.
Analyst Upgrades and Downgrades
A number of analysts have not too long ago weighed in on JPM shares. Oppenheimer raised their goal worth on JPMorgan Chase & Co. from $232.00 to $241.00 and gave the corporate an “outperform” ranking in a analysis word on Tuesday. Morgan Stanley lower shares of JPMorgan Chase & Co. from an “obese” ranking to an “equal weight” ranking and elevated their worth goal for the inventory from $220.00 to $224.00 in a analysis report on Monday, September thirtieth. StockNews.com raised shares of JPMorgan Chase & Co. from a “promote” ranking to a “maintain” ranking in a report on Saturday, July thirteenth. Royal Financial institution of Canada lifted their worth goal on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the corporate an “outperform” ranking in a report on Monday, October 14th. Lastly, Barclays lifted their worth goal on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the corporate an “obese” ranking in a report on Monday, October 14th. Eight analysts have rated the inventory with a maintain ranking and eleven have issued a purchase ranking to the corporate’s inventory. Primarily based on knowledge from MarketBeat, JPMorgan Chase & Co. presently has a mean ranking of “Reasonable Purchase” and a mean worth goal of $223.38.
View Our Newest Evaluation on JPMorgan Chase & Co.
JPMorgan Chase & Co. Profile
JPMorgan Chase & Co operates as a monetary providers firm worldwide. It operates by way of 4 segments: Shopper & Group Banking (CCB), Company & Funding Financial institution (CIB), Business 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 way of financial institution branches, ATMs, and digital and phone banking.
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