WASHINGTON TRUST Co trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.3% within the third quarter, in accordance with the corporate in its most up-to-date submitting with the SEC. The fund owned 194,828 shares of the monetary providers supplier’s inventory after promoting 6,695 shares in the course of the quarter. JPMorgan Chase & Co. accounts for about 1.4% of WASHINGTON TRUST Co’s holdings, making the inventory its seventeenth largest holding. WASHINGTON TRUST Co’s holdings in JPMorgan Chase & Co. have been value $41,081,000 on the finish of the newest quarter.
Plenty of different hedge funds have additionally not too long ago made adjustments to their positions in JPM. Worldwide Property Funding Administration LLC purchased a brand new stake in shares of JPMorgan Chase & Co. within the third quarter value roughly $1,888,088,000. Swedbank AB purchased a brand new stake in shares of JPMorgan Chase & Co. within the 1st quarter value roughly $800,130,000. Capital Analysis International Traders lifted its holdings in shares of JPMorgan Chase & Co. by 23.3% within the 1st quarter. Capital Analysis International Traders now owns 17,200,124 shares of the monetary providers supplier’s inventory value $3,445,185,000 after buying an extra 3,252,451 shares over the last quarter. Wulff Hansen & CO. lifted its holdings in shares of JPMorgan Chase & Co. by 19,920.7% within the 2nd quarter. Wulff Hansen & CO. now owns 2,801,503 shares of the monetary providers supplier’s inventory value $566,632,000 after buying an extra 2,787,510 shares over the last quarter. Lastly, Granite Bay Wealth Administration LLC lifted its holdings in shares of JPMorgan Chase & Co. by 6,239.1% within the 2nd quarter. Granite Bay Wealth Administration LLC now owns 1,418,572 shares of the monetary providers supplier’s inventory value $277,456,000 after buying an extra 1,396,194 shares over the last quarter. 71.55% of the inventory is at the moment owned by institutional buyers.
Analyst Scores Adjustments
JPM has been the topic of quite a few latest analyst experiences. Evercore ISI upped their worth goal on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the corporate an “outperform” ranking in a report on Monday, October 14th. Royal Financial institution of Canada upped their worth goal on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the corporate an “outperform” ranking in a report on Monday, October 14th. Wells Fargo & Firm upped their worth goal on shares of JPMorgan Chase & Co. from $220.00 to $225.00 and gave the corporate an “obese” ranking in a report on Monday, July fifteenth. StockNews.com upgraded shares of JPMorgan Chase & Co. from a “promote” ranking to a “maintain” ranking in a report on Saturday, July thirteenth. Lastly, Keefe, Bruyette & Woods upped their worth goal on shares of JPMorgan Chase & Co. from $209.00 to $211.00 and gave the corporate a “market carry out” ranking in a report on Tuesday, July ninth. Eight equities analysis analysts have rated the inventory with a maintain ranking and eleven have assigned a purchase ranking to the corporate. Primarily based on information from MarketBeat.com, the corporate presently has a mean ranking of “Reasonable Purchase” and a mean goal worth of $222.81.
Get Our Newest Inventory Evaluation on JPMorgan Chase & Co.
JPMorgan Chase & Co. Inventory Up 0.5 %
Shares of JPMorgan Chase & Co. inventory opened at $222.94 on Friday. The corporate has a present ratio of 0.89, a fast ratio of 0.91 and a debt-to-equity ratio of 1.27. The corporate’s fifty day easy transferring common is $216.15 and its two-hundred day easy transferring common is $206.72. The corporate has a market cap of $627.65 billion, a P/E ratio of 12.41, a PEG ratio of three.28 and a beta of 1.10. JPMorgan Chase & Co. has a 12-month low of $139.23 and a 12-month excessive of $226.75.
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 for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. The agency had income of $43.32 billion for the quarter, in comparison with the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a internet margin of 19.64% and a return on fairness of 16.71%. The corporate’s income was up 6.5% in comparison with the identical quarter final yr. Throughout the identical interval within the prior yr, the agency earned $4.33 EPS. Analysis analysts anticipate that JPMorgan Chase & Co. will publish 17.52 EPS for the present yr.
JPMorgan Chase & Co. Will increase Dividend
The agency additionally not too long ago introduced a quarterly dividend, which was paid on Thursday, October thirty first. Stockholders of report on Friday, October 4th got a $1.25 dividend. The ex-dividend date was Friday, October 4th. This is a rise from JPMorgan Chase & Co.’s earlier quarterly dividend of $1.15. This represents a $5.00 dividend on an annualized foundation and a dividend yield of two.24%. JPMorgan Chase & Co.’s dividend payout ratio is at the moment 27.82%.
JPMorgan Chase & Co. Firm 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), Industrial Banking (CB), and Asset & Wealth Administration (AWM). The CCB phase 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.
Featured Tales
Wish to see what different hedge funds are holding JPM? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
Obtain Information & Scores for JPMorgan Chase & Co. Each day – Enter your e-mail tackle under to obtain a concise day by day abstract of the newest information and analysts’ rankings for JPMorgan Chase & Co. and associated firms with MarketBeat.com’s FREE day by day e-mail e-newsletter.
