Payden & Rygel lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.3% throughout the third quarter, based on the corporate in its most up-to-date submitting with the SEC. The fund owned 184,050 shares of the monetary providers supplier’s inventory after buying an extra 600 shares throughout the quarter. JPMorgan Chase & Co. accounts for 3.0% of Payden & Rygel’s funding portfolio, making the inventory its third largest place. Payden & Rygel’s holdings in JPMorgan Chase & Co. had been price $38,809,000 as of its most up-to-date submitting with the SEC.
Numerous different hedge funds have additionally lately made adjustments to their positions in JPM. Mizuho Securities Co. Ltd. acquired a brand new place in JPMorgan Chase & Co. within the third quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a brand new place in shares of JPMorgan Chase & Co. within the third quarter valued at roughly $27,000. Fairway Wealth LLC bought a brand new stake in JPMorgan Chase & Co. throughout the 2nd quarter price roughly $32,000. Anfield Capital Administration LLC acquired a brand new stake in JPMorgan Chase & Co. throughout the 2nd quarter price roughly $34,000. Lastly, West Monetary Advisors LLC bought a brand new place in JPMorgan Chase & Co. within the third quarter valued at roughly $37,000. Hedge funds and different institutional traders personal 71.55% of the corporate’s inventory.
Analysts Set New Worth Targets
Numerous analysts have lately weighed in on JPM shares. Barclays upped their worth goal on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the inventory an “chubby” ranking in a analysis report on Monday, October 14th. Royal Financial institution of Canada elevated their worth goal on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the corporate an “outperform” ranking in a analysis report on Monday, October 14th. Wells Fargo & Firm boosted their worth goal on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the inventory an “chubby” ranking in a analysis report on Friday, November fifteenth. Morgan Stanley minimize shares of JPMorgan Chase & Co. from an “chubby” ranking to an “equal weight” ranking and raised their goal worth for the corporate from $220.00 to $224.00 in a report on Monday, September thirtieth. Lastly, Deutsche Financial institution Aktiengesellschaft reiterated a “maintain” ranking and set a $235.00 worth goal on shares of JPMorgan Chase & Co. in a report on Tuesday, September third. Two analysts have rated the inventory with a promote ranking, eight have given a maintain ranking and ten have issued a purchase ranking to the corporate. In accordance with MarketBeat.com, JPMorgan Chase & Co. presently has a consensus ranking of “Maintain” and a mean worth goal of $229.31.
Verify Out Our Newest Evaluation on JPMorgan Chase & Co.
JPMorgan Chase & Co. Inventory Efficiency
NYSE JPM opened at $248.55 on Monday. The corporate has a fifty day shifting common of $223.14 and a two-hundred day shifting common of $212.01. The corporate has a market capitalization of $699.75 billion, a PE ratio of 13.83, a P/E/G ratio of three.55 and a beta of 1.10. JPMorgan Chase & Co. has a 1 yr low of $152.71 and a 1 yr excessive of $249.15. The corporate has a debt-to-equity ratio of 1.27, a present ratio of 0.89 and a fast ratio of 0.89.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) final introduced its 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. The agency had income of $43.32 billion throughout the quarter, in comparison with analysts’ expectations of $41.43 billion. JPMorgan Chase & Co. had a return on fairness of 16.71% and a internet margin of 19.64%. The enterprise’s income was up 6.5% on a year-over-year foundation. Throughout the identical interval within the prior yr, the agency earned $4.33 EPS. As a bunch, analysts count on that JPMorgan Chase & Co. will publish 17.62 earnings per share for the present yr.
JPMorgan Chase & Co. Will increase Dividend
The agency additionally lately introduced a quarterly dividend, which was paid on Thursday, October thirty first. Stockholders of report on Friday, October 4th had been issued a $1.25 dividend. This represents a $5.00 dividend on an annualized foundation and a dividend yield of two.01%. This can be a increase from JPMorgan Chase & Co.’s earlier quarterly dividend of $1.15. The ex-dividend date was Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is presently 27.82%.
JPMorgan Chase & Co. Firm Profile
JPMorgan Chase & Co operates as a monetary providers firm worldwide. It operates by 4 segments: Client & Neighborhood Banking (CCB), Company & Funding Financial institution (CIB), Industrial Banking (CB), and Asset & Wealth Administration (AWM). The CCB phase presents 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
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