Primecap Administration Co. CA elevated its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% within the third quarter, in line with its most up-to-date 13F submitting with the Securities & Change Fee. The institutional investor owned 5,647,265 shares of the monetary providers supplier’s inventory after buying an extra 64,400 shares through the interval. Primecap Administration Co. CA owned 0.20% of JPMorgan Chase & Co. value $1,190,782,000 as of its most up-to-date submitting with the Securities & Change Fee.
A number of different giant traders additionally not too long ago purchased and offered shares of the inventory. WFA Asset Administration Corp raised its stake in shares of JPMorgan Chase & Co. by 51.2% through the 1st quarter. WFA Asset Administration Corp now owns 1,216 shares of the monetary providers supplier’s inventory valued at $244,000 after shopping for an extra 412 shares over the last quarter. China Common Asset Administration Co. Ltd. acquired a brand new place in JPMorgan Chase & Co. within the first quarter valued at roughly $1,185,000. Elkhorn Companions Restricted Partnership bought a brand new stake in JPMorgan Chase & Co. within the 1st quarter value roughly $601,000. 1832 Asset Administration L.P. grew its stake in shares of JPMorgan Chase & Co. by 5.5% through the 1st quarter. 1832 Asset Administration L.P. now owns 3,523,898 shares of the monetary providers supplier’s inventory value $705,837,000 after buying an extra 185,290 shares through the interval. Lastly, LRI Investments LLC bought a brand new place in shares of JPMorgan Chase & Co. through the 1st quarter valued at roughly $2,012,000. Hedge funds and different institutional traders personal 71.55% of the corporate’s inventory.
JPMorgan Chase & Co. Inventory Efficiency
JPM opened at $248.55 on Monday. JPMorgan Chase & Co. has a twelve month low of $152.71 and a twelve month excessive of $249.15. The agency has a market capitalization of $699.75 billion, a PE ratio of 13.83, a PEG ratio of three.55 and a beta of 1.10. The corporate has a present ratio of 0.89, a fast ratio of 0.89 and a debt-to-equity ratio of 1.27. The agency’s 50-day transferring common worth is $223.14 and its 200 day transferring common worth is $212.01.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) final posted its quarterly earnings outcomes on Friday, October eleventh. The monetary providers supplier reported $4.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a return on fairness of 16.71% and a web margin of 19.64%. The enterprise had income of $43.32 billion through the quarter, in comparison with analyst estimates of $41.43 billion. Throughout the identical interval within the prior yr, the enterprise earned $4.33 earnings per share. The enterprise’s income was up 6.5% in comparison with the identical quarter final yr. As a gaggle, sell-side analysts anticipate that JPMorgan Chase & Co. will put up 17.62 EPS for the present fiscal yr.
JPMorgan Chase & Co. Will increase Dividend
The enterprise additionally not too long ago declared a quarterly dividend, which was paid on Thursday, October thirty first. Stockholders of file on Friday, October 4th have been issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of two.01%. The ex-dividend date was Friday, October 4th. This can be a constructive change from JPMorgan Chase & Co.’s earlier quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is presently 27.82%.
Analyst Upgrades and Downgrades
JPM has been the subject of plenty of latest analyst experiences. Morgan Stanley downgraded 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 report on Monday, September thirtieth. Robert W. Baird minimize JPMorgan Chase & Co. from a “impartial” ranking to an “underperform” ranking and set a $200.00 goal worth on the inventory. in a analysis report on Thursday, November seventh. Citigroup lifted their worth goal on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the corporate a “impartial” ranking in a analysis be aware on Tuesday, November nineteenth. Wells Fargo & Firm elevated their worth goal on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the inventory an “obese” ranking in a analysis report on Friday, November fifteenth. Lastly, Baird R W minimize JPMorgan Chase & Co. from a “maintain” ranking to a “sturdy promote” ranking in a analysis report on Thursday, November seventh. Two funding analysts have rated the inventory with a promote ranking, eight have assigned a maintain ranking and ten have issued a purchase ranking to the inventory. In line with information from MarketBeat.com, the inventory presently has a consensus ranking of “Maintain” and a consensus goal worth of $229.31.
Examine Out Our Newest Report on JPMorgan Chase & Co.
About JPMorgan Chase & Co.
JPMorgan Chase & Co operates as a monetary providers firm worldwide. It operates by means of 4 segments: Client & Neighborhood 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 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 means of financial institution branches, ATMs, and digital and phone banking.
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