Patriot Financial Group Insurance Agency LLC lifted its place in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.1% within the 2nd quarter, in line with its most up-to-date 13F submitting with the SEC. The agency owned 10,610 shares of the monetary providers supplier’s inventory after buying an extra 701 shares through the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in JPMorgan Chase & Co. had been price $1,195,000 on the finish of the latest quarter.
Other institutional buyers and hedge funds additionally not too long ago made adjustments to their positions within the firm. Dravo Bay LLC purchased a brand new place in JPMorgan Chase & Co. within the 1st quarter price about $26,000. HBC Financial Services PLLC boosted its stake in JPMorgan Chase & Co. by 61.2% within the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the monetary providers supplier’s inventory price $27,000 after buying an extra 90 shares through the interval. Financial Connections Group Inc. boosted its stake in JPMorgan Chase & Co. by 48.5% within the 2nd quarter. Financial Connections Group Inc. now owns 306 shares of the monetary providers supplier’s inventory price $34,000 after buying an extra 100 shares through the interval. Advanced Research Investment Solutions LLC boosted its stake in JPMorgan Chase & Co. by 118.2% within the 1st quarter. Advanced Research Investment Solutions LLC now owns 288 shares of the monetary providers supplier’s inventory price $39,000 after buying an extra 156 shares through the interval. Finally, Activest Wealth Management boosted its stake in JPMorgan Chase & Co. by 284.0% within the 2nd quarter. Activest Wealth Management now owns 361 shares of the monetary providers supplier’s inventory price $41,000 after buying an extra 267 shares through the interval. Institutional buyers personal 68.57% of the corporate’s inventory.
Analyst Upgrades and Downgrades
Several analysis analysts have commented on JPM shares. Deutsche Bank Aktiengesellschaft minimize their goal worth on JPMorgan Chase & Co. from $174.00 to $155.00 and set a “buy” ranking for the corporate in a analysis notice on Monday, September twelfth. Berenberg Bank upgraded JPMorgan Chase & Co. from a “sell” ranking to a “hold” ranking and set a $120.00 worth goal for the corporate in a analysis report on Monday, July 18th. Barclays set a $200.00 worth goal on JPMorgan Chase & Co. in a analysis report on Monday, July 18th. Citigroup upgraded JPMorgan Chase & Co. from a “neutral” ranking to a “buy” ranking and dropped their worth goal for the corporate from $145.00 to $135.00 in a analysis report on Tuesday, July twelfth. Finally, Piper Sandler dropped their worth goal on JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” ranking for the corporate in a analysis report on Friday, July 1st. One funding analyst has rated the inventory with a promote ranking, eight have given a maintain ranking and ten have issued a purchase ranking to the inventory. According to knowledge from MarketBeat.com, the corporate presently has a median ranking of “Hold” and a median worth goal of $144.90.
Insiders Place Their Bets
In different JPMorgan Chase & Co. information, CEO Mary E. Erdoes offered 33,515 shares of JPMorgan Chase & Co. inventory in a transaction that occurred on Monday, October seventeenth. The inventory was offered at a median worth of $115.77, for a complete worth of $3,880,031.55. Following the transaction, the chief govt officer now straight owns 533,795 shares of the corporate’s inventory, valued at roughly $61,797,447.15. The sale was disclosed in a authorized submitting with the Securities & Exchange Commission, which is obtainable by means of the SEC web site. Insiders personal 0.79% of the corporate’s inventory.
JPMorgan Chase & Co. Price Performance
Shares of JPMorgan Chase & Co. inventory opened at $122.23 on Friday. The firm has a debt-to-equity ratio of 1.13, a present ratio of 0.84 and a fast ratio of 0.83. The business’s 50 day easy transferring common is $113.88 and its two-hundred day easy transferring common is $118.08. The inventory has a market capitalization of $358.45 billion, a P/E ratio of 10.32, a price-to-earnings-growth ratio of 2.02 and a beta of 1.09. JPMorgan Chase & Co. has a one yr low of $101.28 and a one yr excessive of $172.96.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) final introduced its quarterly earnings outcomes on Friday, October 14th. The monetary providers supplier reported $3.12 EPS for the quarter, topping analysts’ consensus estimates of $2.95 by $0.17. The business had income of $32.72 billion for the quarter, in comparison with analysts’ expectations of $31.88 billion. JPMorgan Chase & Co. had a return on fairness of 14.52% and a internet margin of 26.85%. The business’s quarterly income was up 10.4% on a year-over-year foundation. During the identical interval within the earlier yr, the agency earned $3.74 EPS. Analysts forecast that JPMorgan Chase & Co. will publish 11.61 EPS for the present yr.
JPMorgan Chase & Co. Announces Dividend
The business additionally not too long ago declared a quarterly dividend, which shall be paid on Monday, October thirty first. Shareholders of document on Thursday, October sixth shall be paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, October fifth. This represents a $4.00 dividend on an annualized foundation and a yield of 3.27%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.78%.
About JPMorgan Chase & Co.
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JPMorgan Chase & Co operates as a monetary providers firm worldwide. It operates by means of 4 segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB section affords s deposit, funding and lending merchandise, funds, and providers to customers; lending, deposit, and money administration and cost options to small companies; mortgage origination and servicing actions; residential mortgages and residential fairness loans; and bank card, auto mortgage, and leasing providers.
See Also
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