Affinity Funding Advisors LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.1% in the course of the third quarter, in line with the corporate in its most up-to-date submitting with the Securities and Alternate Fee. The fund owned 26,132 shares of the monetary providers supplier’s inventory after promoting 842 shares in the course of the interval. JPMorgan Chase & Co. accounts for about 3.8% of Affinity Funding Advisors LLC’s funding portfolio, making the inventory its largest place. Affinity Funding Advisors LLC’s holdings in JPMorgan Chase & Co. had been price $5,510,000 as of its most up-to-date SEC submitting.
Different hedge funds have additionally lately added to or decreased their stakes within the firm. Retirement Group LLC grew its holdings in shares of JPMorgan Chase & Co. by 227.1% in the course of the first quarter. Retirement Group LLC now owns 157 shares of the monetary providers supplier’s inventory price $31,000 after shopping for an extra 109 shares within the final quarter. Fairway Wealth LLC bought a brand new stake in JPMorgan Chase & Co. within the 2nd quarter price roughly $32,000. Anfield Capital Administration LLC acquired a brand new place in JPMorgan Chase & Co. within the 2nd quarter valued at $34,000. Davidson Capital Administration Inc. bought a brand new place in shares of JPMorgan Chase & Co. in the course of the 1st quarter price $37,000. Lastly, West Monetary Advisors LLC acquired a brand new stake in shares of JPMorgan Chase & Co. in the course of the third quarter price $37,000. 71.55% of the inventory is at present owned by hedge funds and different institutional traders.
Wall Avenue Analyst Weigh In
A number of analysis companies have commented on JPM. Piper Sandler lifted their worth goal on JPMorgan Chase & Co. from $220.00 to $230.00 and gave the corporate an “obese” score in a report on Monday, July fifteenth. Keefe, Bruyette & Woods upped their worth goal on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the inventory a “market carry out” score in a analysis report on Tuesday, July ninth. Evercore ISI boosted their worth goal on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the corporate an “outperform” score in a analysis observe on Monday, October 14th. Oppenheimer lowered their worth goal on JPMorgan Chase & Co. from $234.00 to $232.00 and set an “outperform” score for the corporate in a analysis report on Monday, October 14th. Lastly, StockNews.com upgraded shares of JPMorgan Chase & Co. from a “promote” score to a “maintain” score in a report on Saturday, July thirteenth. Eight analysis analysts have rated the inventory with a maintain score and eleven have issued a purchase score to the corporate. Based mostly on information from MarketBeat.com, JPMorgan Chase & Co. has a mean score of “Average Purchase” and a consensus worth goal of $222.81.
Learn Our Newest Report on JPM
JPMorgan Chase & Co. Inventory Down 1.4 %
Shares of NYSE:JPM opened at $219.78 on Tuesday. The inventory has a market capitalization of $618.76 billion, a price-to-earnings ratio of 12.23, a price-to-earnings-growth ratio of three.24 and a beta of 1.10. JPMorgan Chase & Co. has a 1-year low of $142.79 and a 1-year excessive of $226.75. The corporate’s fifty day shifting common is $216.17 and its two-hundred day shifting common is $207.18. The corporate has a debt-to-equity ratio of 1.27, a fast ratio of 0.91 and a present ratio of 0.89.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) final launched its quarterly earnings information 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. The enterprise had income of $43.32 billion in the course of the quarter, in comparison with analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a return on fairness of 16.71% and a web margin of 19.64%. The enterprise’s income for the quarter was up 6.5% in comparison with the identical quarter final yr. Throughout the identical quarter within the earlier yr, the agency posted $4.33 EPS. Equities analysts anticipate that JPMorgan Chase & Co. will put up 17.52 EPS for the present yr.
JPMorgan Chase & Co. Will increase Dividend
The corporate additionally lately declared a quarterly dividend, which was paid on Thursday, October thirty first. Shareholders of document on Friday, October 4th had been paid a $1.25 dividend. The ex-dividend date of this dividend was Friday, October 4th. This represents a $5.00 annualized dividend and a dividend yield of two.28%. This can be a constructive change from JPMorgan Chase & Co.’s earlier quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.
JPMorgan Chase & Co. Profile
JPMorgan Chase & Co operates as a monetary providers firm worldwide. It operates by 4 segments: Shopper & Group Banking (CCB), Company & Funding Financial institution (CIB), Business Banking (CB), and Asset & Wealth Administration (AWM). The CCB section 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 shoppers and small companies by financial institution branches, ATMs, and digital and phone banking.
See Additionally
Wish to see what different hedge funds are holding JPM? Go to HoldingsChannel.com to get the most recent 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
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