Kentucky Retirement Methods Insurance coverage Belief Fund diminished its place in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 9.1% within the third quarter, in response to its most up-to-date submitting with the Securities & Change Fee. The fund owned 84,238 shares of the monetary providers supplier’s inventory after promoting 8,385 shares in the course of the interval. JPMorgan Chase & Co. includes about 1.2% of Kentucky Retirement Methods Insurance coverage Belief Fund’s funding portfolio, making the inventory its twelfth greatest place. Kentucky Retirement Methods Insurance coverage Belief Fund’s holdings in JPMorgan Chase & Co. had been price $17,762,000 on the finish of the newest reporting interval.
Various different institutional traders and hedge funds have additionally not too long ago added to or diminished their stakes within the firm. Mizuho Securities Co. Ltd. purchased a brand new stake in shares of JPMorgan Chase & Co. in the course of the third quarter valued at roughly $25,000. Catalyst Capital Advisors LLC purchased a brand new place in JPMorgan Chase & Co. within the third quarter valued at $27,000. Fairway Wealth LLC acquired a brand new stake in shares of JPMorgan Chase & Co. within the 2nd quarter valued at $32,000. Anfield Capital Administration LLC purchased a brand new stake in shares of JPMorgan Chase & Co. in the course of the second quarter price $34,000. Lastly, West Monetary Advisors LLC acquired a brand new place in shares of JPMorgan Chase & Co. in the course of the third quarter valued at $37,000. 71.55% of the inventory is presently owned by institutional traders and hedge funds.
JPMorgan Chase & Co. Inventory Down 1.0 %
JPMorgan Chase & Co. inventory opened at $240.78 on Thursday. The corporate has a present ratio of 0.89, a fast ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 1-year low of $152.57 and a 1-year excessive of $248.00. The corporate has a fifty day easy transferring common of $221.48 and a 200 day easy transferring common of $211.13. The corporate has a market cap of $677.88 billion, a P/E ratio of 13.40, a price-to-earnings-growth ratio of three.56 and a beta of 1.10.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) final launched 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 enterprise 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 web margin of 19.64%. JPMorgan Chase & Co.’s quarterly income was up 6.5% on a year-over-year foundation. Throughout the identical quarter within the earlier 12 months, the enterprise earned $4.33 earnings per share. Analysis analysts anticipate that JPMorgan Chase & Co. will publish 17.62 earnings per share for the present fiscal 12 months.
JPMorgan Chase & Co. Will increase Dividend
The corporate additionally not too long ago introduced a quarterly dividend, which was paid on Thursday, October thirty first. Traders of report on Friday, October 4th had been issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized foundation and a yield of two.08%. This is a rise from JPMorgan Chase & Co.’s earlier quarterly dividend of $1.15. The ex-dividend date of this dividend was Friday, October 4th. JPMorgan Chase & Co.’s payout ratio is presently 27.82%.
Analyst Upgrades and Downgrades
A number of equities analysis analysts have not too long ago commented on the inventory. Deutsche Financial institution Aktiengesellschaft reiterated a “maintain” score and set a $235.00 value goal on shares of JPMorgan Chase & Co. in a analysis report on Tuesday, September third. Barclays raised their value goal on JPMorgan Chase & Co. from $217.00 to $257.00 and gave the inventory an “chubby” score in a analysis report on Monday, October 14th. 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 report on Monday, October 14th. Robert W. Baird reduce JPMorgan Chase & Co. from a “impartial” score to an “underperform” score and set a $200.00 goal value on the inventory. in a report on Thursday, November seventh. Lastly, Citigroup upped their value goal on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the corporate a “impartial” score in a analysis notice on Tuesday. Two analysts have rated the inventory with a promote score, eight have assigned a maintain score and ten have assigned a purchase score to the corporate’s inventory. Primarily based on information from MarketBeat.com, the corporate has a consensus score of “Maintain” and a median goal value of $229.31.
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JPMorgan Chase & Co. Firm Profile
JPMorgan Chase & Co operates as a monetary providers firm worldwide. It operates by way of 4 segments: Client & Group 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 customers and small companies by way of financial institution branches, ATMs, and digital and phone banking.
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