Diversify Wealth Administration LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 5.6% in the course of the third quarter, HoldingsChannel experiences. The institutional investor owned 16,163 shares of the monetary companies supplier’s inventory after promoting 965 shares in the course of the interval. Diversify Wealth Administration LLC’s holdings in JPMorgan Chase & Co. had been value $3,611,000 on the finish of the latest quarter.
Different institutional traders and hedge funds additionally lately made adjustments to their positions within the firm. Pinnacle Associates Ltd. lifted its place in shares of JPMorgan Chase & Co. by 4.7% within the third quarter. Pinnacle Associates Ltd. now owns 478,369 shares of the monetary companies supplier’s inventory value $100,869,000 after buying a further 21,355 shares in the course of the interval. Capstone Triton Monetary Group LLC boosted its place in JPMorgan Chase & Co. by 4.2% in the course of the third quarter. Capstone Triton Monetary Group LLC now owns 5,146 shares of the monetary companies supplier’s inventory valued at $1,085,000 after buying a further 209 shares over the last quarter. Twin Peaks Wealth Advisors LLC boosted its place in JPMorgan Chase & Co. by 11.3% in the course of the third quarter. Twin Peaks Wealth Advisors LLC now owns 2,124 shares of the monetary companies supplier’s inventory valued at $448,000 after buying a further 215 shares over the last quarter. Edge Monetary Advisors LLC acquired a brand new stake in JPMorgan Chase & Co. in the course of the third quarter value roughly $1,622,000. Lastly, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA elevated its stake in shares of JPMorgan Chase & Co. by 56.5% within the third quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 80,367 shares of the monetary companies supplier’s inventory valued at $18,081,000 after buying a further 29,014 shares within the final quarter. Institutional traders and hedge funds personal 71.55% of the corporate’s inventory.
Wall Road Analyst Weigh In
JPM has been the topic of a lot of analysis experiences. Royal Financial institution of Canada raised their worth goal on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the inventory an “outperform” score in a report on Monday, October 14th. Daiwa Capital Markets decreased their goal worth on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “chubby” score for the corporate in a analysis observe on Thursday, October tenth. Evercore ISI upped their worth goal on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the inventory an “outperform” score in a analysis observe on Monday, October 14th. BMO Capital Markets elevated their worth goal on JPMorgan Chase & Co. from $195.00 to $205.00 and gave the inventory a “market carry out” score in a report on Thursday, July eleventh. Lastly, Wolfe Analysis downgraded JPMorgan Chase & Co. from an “outperform” score to a “peer carry out” score in a report on Monday, July eighth. Eight equities analysis analysts have rated the inventory with a maintain score and eleven have issued a purchase score to the corporate. Based on information from MarketBeat.com, the inventory presently has a consensus score of “Reasonable Purchase” and a mean worth goal of $222.81.
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JPMorgan Chase & Co. Inventory Up 0.5 %
JPM opened at $222.94 on Friday. JPMorgan Chase & Co. has a fifty-two week low of $139.23 and a fifty-two week excessive of $226.75. The agency has a market capitalization of $627.65 billion, a P/E ratio of 12.41, a PEG ratio of three.28 and a beta of 1.10. The corporate’s 50-day shifting common is $216.15 and its 200 day shifting common is $206.72. The corporate has a debt-to-equity ratio of 1.27, a present ratio of 0.89 and a fast ratio of 0.91.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) final posted its earnings outcomes on Friday, October eleventh. The monetary companies supplier reported $4.37 EPS for the quarter, topping the consensus estimate of $4.02 by $0.35. The agency had income of $43.32 billion for the quarter, in comparison with analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a web margin of 19.64% and a return on fairness of 16.71%. The corporate’s quarterly income was up 6.5% in comparison with the identical quarter final 12 months. Throughout the identical quarter final 12 months, the agency earned $4.33 EPS. Analysis analysts count on that JPMorgan Chase & Co. will publish 17.52 earnings per share for the present fiscal 12 months.
JPMorgan Chase & Co. Will increase Dividend
The agency additionally lately disclosed a quarterly dividend, which was paid on Thursday, October thirty first. Shareholders of report on Friday, October 4th got a $1.25 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 annualized dividend and a yield of two.24%. This can be a increase from JPMorgan Chase & Co.’s earlier quarterly dividend of $1.15. JPMorgan Chase & Co.’s payout ratio is at the moment 27.82%.
About JPMorgan Chase & Co.
JPMorgan Chase & Co operates as a monetary companies firm worldwide. It operates by means of 4 segments: Shopper & Group Banking (CCB), Company & Funding Financial institution (CIB), Industrial 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 by means of financial institution branches, ATMs, and digital and phone banking.
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