China Common Asset Administration Co. Ltd. raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 131.9% throughout the third quarter, in accordance with the corporate in its most up-to-date submitting with the SEC. The agency owned 10,319 shares of the monetary providers supplier’s inventory after buying a further 5,870 shares throughout the quarter. China Common Asset Administration Co. Ltd.’s holdings in JPMorgan Chase & Co. had been value $2,176,000 as of its most up-to-date submitting with the SEC.
Different massive traders have additionally made modifications to their positions within the firm. Retirement Group LLC elevated its holdings in JPMorgan Chase & Co. by 227.1% within the 1st quarter. Retirement Group LLC now owns 157 shares of the monetary providers supplier’s inventory valued at $31,000 after shopping for a further 109 shares throughout the interval. Fairway Wealth LLC acquired a brand new stake in shares of JPMorgan Chase & Co. throughout the 2nd quarter valued at about $32,000. Anfield Capital Administration LLC purchased a brand new stake in JPMorgan Chase & Co. within the second quarter valued at about $34,000. Davidson Capital Administration Inc. acquired a brand new place in JPMorgan Chase & Co. within the first quarter value about $37,000. Lastly, West Monetary Advisors LLC acquired a brand new place in JPMorgan Chase & Co. within the third quarter value about $37,000. Institutional traders and hedge funds personal 71.55% of the corporate’s inventory.
Wall Road Analysts Forecast Development
A number of equities analysis analysts have not too long ago weighed in on the corporate. Evercore ISI upped their value goal on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the corporate an “outperform” score in a analysis observe on Monday, October 14th. Morgan Stanley lower JPMorgan Chase & Co. from an “obese” score to an “equal weight” score and upped their value goal for the corporate from $220.00 to $224.00 in a analysis report on Monday, September thirtieth. Oppenheimer lower their value goal on JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” score for the corporate in a report on Monday, October 14th. Piper Sandler upped their goal value on shares of JPMorgan Chase & Co. from $220.00 to $230.00 and gave the inventory an “obese” score in a report on Monday, July fifteenth. Lastly, StockNews.com upgraded shares of JPMorgan Chase & Co. from a “promote” score to a “maintain” score in a analysis report on Saturday, July thirteenth. 9 funding analysts have rated the inventory with a maintain score and eleven have given a purchase score to the corporate’s inventory. In keeping with information from MarketBeat.com, the corporate presently has a consensus score of “Average Purchase” and a consensus goal value of $217.94.
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JPMorgan Chase & Co. Inventory Up 0.5 %
Shares of NYSE:JPM opened at $222.94 on Friday. JPMorgan Chase & Co. has a one yr low of $139.23 and a one yr excessive of $226.75. The corporate has a 50 day shifting common of $216.15 and a 200-day shifting common of $206.54. 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 inventory has a market cap of $634.30 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of three.28 and a beta of 1.11.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) final issued its quarterly 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 corporate had income of $43.32 billion throughout the quarter, in comparison with analysts’ expectations of $41.43 billion. Throughout the identical quarter within the earlier yr, the corporate earned $4.33 EPS. JPMorgan Chase & Co.’s income was up 6.5% on a year-over-year foundation. On common, sell-side analysts forecast that JPMorgan Chase & Co. will publish 17.52 earnings per share for the present yr.
JPMorgan Chase & Co. Will increase Dividend
The corporate additionally not too long ago disclosed a quarterly dividend, which was paid on Thursday, October thirty first. Buyers of document on Friday, October 4th had been paid a dividend of $1.25 per share. This can be a optimistic change from JPMorgan Chase & Co.’s earlier quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 annualized dividend and a yield of two.24%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.
JPMorgan Chase & Co. Firm 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), 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 way of financial institution branches, ATMs, and digital and phone banking.
See Additionally
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