Aaron Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 16.1% in the course of the third quarter, in line with its most up-to-date Kind 13F submitting with the Securities and Change Fee (SEC). The agency owned 18,456 shares of the monetary companies supplier’s inventory after buying an extra 2,564 shares in the course of the interval. Aaron Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. have been value $3,892,000 as of its most up-to-date SEC submitting.
Different hedge funds have additionally made modifications to their positions within the firm. Retirement Group LLC boosted its stake in shares of JPMorgan Chase & Co. by 227.1% within the 1st quarter. Retirement Group LLC now owns 157 shares of the monetary companies supplier’s inventory valued at $31,000 after shopping for an extra 109 shares in the course of the interval. Fairway Wealth LLC bought a brand new place in JPMorgan Chase & Co. within the second quarter value roughly $32,000. Richardson Capital Administration LLC acquired a brand new place in JPMorgan Chase & Co. in the course of the 1st quarter value roughly $34,000. Anfield Capital Administration LLC bought a brand new stake in shares of JPMorgan Chase & Co. within the 2nd quarter valued at roughly $34,000. Lastly, West Monetary Advisors LLC acquired a brand new stake in shares of JPMorgan Chase & Co. within the third quarter valued at $37,000. Institutional buyers and hedge funds personal 71.55% of the corporate’s inventory.
JPMorgan Chase & Co. Buying and selling Up 0.4 %
NYSE:JPM opened at $225.37 on Friday. JPMorgan Chase & Co. has a 1 12 months low of $135.19 and a 1 12 months excessive of $225.92. The corporate has a debt-to-equity ratio of 1.24, a fast ratio of 0.91 and a present ratio of 0.91. The inventory has a fifty day shifting common worth of $214.03 and a two-hundred day shifting common worth of $204.54. The inventory has a market capitalization of $647.19 billion, a price-to-earnings ratio of 12.57, a PEG ratio of three.28 and a beta of 1.11.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) final launched its quarterly earnings knowledge on Friday, October eleventh. The monetary companies supplier reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.35. The agency had income of $43.32 billion in the course of the quarter, in comparison with the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a return on fairness of 17.26% and a web margin of 20.32%. JPMorgan Chase & Co.’s quarterly income was up 6.5% on a year-over-year foundation. Throughout the identical interval final 12 months, the enterprise posted $4.33 EPS. As a gaggle, sell-side analysts anticipate that JPMorgan Chase & Co. will put up 16.75 earnings per share for the present fiscal 12 months.
JPMorgan Chase & Co. Will increase Dividend
The enterprise additionally lately disclosed a quarterly dividend, which will likely be paid on Thursday, October thirty first. Stockholders of report on Friday, October 4th will likely be given a $1.25 dividend. This is a rise from JPMorgan Chase & Co.’s earlier quarterly dividend of $1.15. This represents a $5.00 annualized dividend and a dividend yield of two.22%. The ex-dividend date is Friday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is at present 27.89%.
Wall Road Analyst Weigh In
A number of equities analysts lately commented on JPM shares. Piper Sandler elevated their goal worth on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the corporate an “chubby” score in a report on Monday, July fifteenth. Barclays elevated their worth goal on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the corporate an “chubby” score in a report on Monday, October 14th. Keefe, Bruyette & Woods boosted their goal worth on JPMorgan Chase & Co. from $209.00 to $211.00 and gave the inventory a “market carry out” score in a analysis be aware on Tuesday, July ninth. Wells Fargo & Firm elevated their worth goal on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the corporate an “chubby” score in a analysis be aware on Monday, July fifteenth. Lastly, Royal Financial institution of Canada boosted their worth goal on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the inventory an “outperform” score in a analysis report on Monday, October 14th. 9 analysis analysts have rated the inventory with a maintain score and eleven have assigned a purchase score to the inventory. Primarily based on knowledge from MarketBeat, JPMorgan Chase & Co. at present has a median score of “Average Purchase” and a consensus worth goal of $217.94.
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About JPMorgan Chase & Co.
JPMorgan Chase & Co operates as a monetary companies firm worldwide. It operates via 4 segments: Shopper & Neighborhood Banking (CCB), Company & Funding Financial institution (CIB), Business Banking (CB), and Asset & Wealth Administration (AWM). The CCB phase provides 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 via financial institution branches, ATMs, and digital and phone banking.
Additional Studying
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