Pacer Advisors Inc. decreased its place in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.4% in the course of the third quarter, in keeping with the corporate in its most up-to-date 13F submitting with the Securities & Trade Fee. The institutional investor owned 230,335 shares of the monetary providers supplier’s inventory after promoting 8,022 shares in the course of the quarter. Pacer Advisors Inc.’s holdings in JPMorgan Chase & Co. have been value $48,568,000 as of its most up-to-date SEC submitting.
A lot of different institutional traders have additionally just lately modified their holdings of the enterprise. Mizuho Securities Co. Ltd. acquired a brand new stake in JPMorgan Chase & Co. within the third quarter valued at roughly $25,000. Catalyst Capital Advisors LLC bought a brand new place in shares of JPMorgan Chase & Co. in the course of the third quarter valued at roughly $27,000. Fairway Wealth LLC bought a brand new place in shares of JPMorgan Chase & Co. in the course of the 2nd quarter valued at roughly $32,000. Anfield Capital Administration LLC acquired a brand new stake in JPMorgan Chase & Co. within the 2nd quarter valued at $34,000. Lastly, West Monetary Advisors LLC bought a brand new stake in JPMorgan Chase & Co. within the third quarter value $37,000. 71.55% of the inventory is at present owned by institutional traders and hedge funds.
Wall Avenue Analyst Weigh In
JPM has been the subject of a number of analysis analyst stories. Royal Financial institution of Canada lifted their goal value on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the corporate an “outperform” ranking in a analysis report on Monday, October 14th. Daiwa Capital Markets lowered their value goal on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “obese” ranking on the inventory in a report on Thursday, October tenth. Evercore ISI boosted their value goal on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the inventory an “outperform” ranking in a analysis be aware on Monday, October 14th. Citigroup raised their goal value on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the corporate a “impartial” ranking in a analysis report on Tuesday, November nineteenth. Lastly, Robert W. Baird reduce JPMorgan Chase & Co. from a “impartial” ranking to an “underperform” ranking and set a $200.00 value goal for the corporate. in a analysis report on Thursday, November seventh. Two analysts have rated the inventory with a promote ranking, eight have given a maintain ranking and ten have given a purchase ranking to the corporate’s inventory. Primarily based on knowledge from MarketBeat, the corporate at present has a median ranking of “Maintain” and a median value goal of $229.31.
Learn Our Newest Inventory Report on JPM
JPMorgan Chase & Co. Inventory Up 0.7 %
JPM inventory opened at $250.29 on Tuesday. JPMorgan Chase & Co. has a one yr low of $152.71 and a one yr excessive of $254.31. The agency has a market cap of $704.65 billion, a PE ratio of 13.93, a PEG ratio of three.61 and a beta of 1.10. The agency’s 50 day transferring common value is $223.99 and its 200-day transferring common value is $212.38. The corporate has a debt-to-equity ratio of 1.27, a fast ratio of 0.89 and a present ratio of 0.89.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) final posted its earnings outcomes on Friday, October eleventh. The monetary providers supplier reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. The corporate had income of $43.32 billion for the quarter, in comparison with the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a return on fairness of 16.71% and a internet margin of 19.64%. The corporate’s income for the quarter was up 6.5% on a year-over-year foundation. Throughout the identical quarter within the earlier yr, the enterprise earned $4.33 earnings per share. On common, equities analysis analysts anticipate that JPMorgan Chase & Co. will put up 17.62 EPS for the present yr.
JPMorgan Chase & Co. Will increase Dividend
The enterprise additionally just lately introduced a quarterly dividend, which was paid on Thursday, October thirty first. Shareholders of document on Friday, October 4th have been paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of two.00%. The ex-dividend date of this dividend was Friday, October 4th. It is a constructive change from JPMorgan Chase & Co.’s earlier quarterly dividend of $1.15. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 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 & Neighborhood Banking (CCB), Company & Funding Financial institution (CIB), Business 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 way of financial institution branches, ATMs, and digital and phone banking.
Advisable Tales
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