Sumitomo Life Insurance Co. grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 1.9% in the 2nd quarter, in accordance with its most up-to-date 13F submitting with the Securities & Exchange Commission. The fund owned 64,236 shares of the monetary companies supplier’s inventory after buying a further 1,207 shares in the course of the quarter. JPMorgan Chase & Co. makes up roughly 0.2% of Sumitomo Life Insurance Co.’s holdings, making the inventory its 18th largest place. Sumitomo Life Insurance Co.’s holdings in JPMorgan Chase & Co. had been value $7,234,000 on the finish of the newest quarter.
Other hedge funds and different institutional traders have additionally just lately made modifications to their positions in the corporate. Dravo Bay LLC bought a brand new stake in shares of JPMorgan Chase & Co. in the course of the 1st quarter valued at about $26,000. Advanced Research Investment Solutions LLC elevated its place in shares of JPMorgan Chase & Co. by 118.2% in the course of the 1st quarter. Advanced Research Investment Solutions LLC now owns 288 shares of the monetary companies supplier’s inventory valued at $39,000 after buying a further 156 shares over the last quarter. Cordant Inc. purchased a brand new place in shares of JPMorgan Chase & Co. in the course of the 1st quarter valued at roughly $47,000. Activest Wealth Management grew its stake in shares of JPMorgan Chase & Co. by 284.0% in the course of the 2nd quarter. Activest Wealth Management now owns 361 shares of the monetary companies supplier’s inventory valued at $41,000 after buying a further 267 shares in the course of the interval. Finally, SFI Advisors LLC purchased a brand new place in shares of JPMorgan Chase & Co. in the course of the 1st quarter valued at roughly $54,255,000. Hedge funds and different institutional traders personal 68.57% of the corporate’s inventory.
JPMorgan Chase & Co. Stock Performance
NYSE:JPM opened at $105.98 on Friday. The inventory’s fifty day shifting common is $114.64 and its 200 day shifting common is $119.93. JPMorgan Chase & Co. has a fifty-two week low of $104.40 and a fifty-two week excessive of $172.96. The agency has a market capitalization of $310.79 billion, a PE ratio of 8.51, a PEG ratio of 1.91 and a beta of 1.09. The firm has a debt-to-equity ratio of 1.14, a fast ratio of 0.83 and a present ratio of 0.83.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) final launched its quarterly earnings outcomes on Thursday, July 14th. The monetary companies supplier reported $2.76 earnings per share for the quarter, lacking the consensus estimate of $2.85 by ($0.09). JPMorgan Chase & Co. had a internet margin of 30.41% and a return on fairness of 15.29%. The firm had income of $30.72 billion for the quarter, in comparison with analysts’ expectations of $31.82 billion. During the identical quarter in the earlier yr, the corporate posted $3.78 EPS. The business’s quarterly income was up .8% on a year-over-year foundation. On common, sell-side analysts anticipate that JPMorgan Chase & Co. will put up 11.34 earnings per share for the present yr.
JPMorgan Chase & Co. Dividend Announcement
The agency additionally just lately introduced a quarterly dividend, which shall be paid on Monday, October thirty first. Shareholders of file on Thursday, October sixth shall be paid a $1.00 dividend. The ex-dividend date is Wednesday, October fifth. This represents a $4.00 dividend on an annualized foundation and a yield of three.77%. JPMorgan Chase & Co.’s payout ratio is 32.10%.
Analysts Set New Price Targets
Plenty of brokerages just lately issued studies on JPM. Piper Sandler lower their worth goal on JPMorgan Chase & Co. from $170.00 to $158.00 and set an “overweight” ranking for the corporate in a analysis be aware on Friday, July 1st. Jefferies Financial Group set a $117.00 worth goal on JPMorgan Chase & Co. in a analysis be aware on Monday, September twelfth. Wells Fargo & Company lower their worth goal on JPMorgan Chase & Co. from $120.00 to $118.00 and set an “equal weight” ranking for the corporate in a analysis be aware on Thursday, July 14th. The Goldman Sachs Group lower their worth goal on JPMorgan Chase & Co. from $133.00 to $130.00 and set a “buy” ranking for the corporate in a analysis be aware on Tuesday, October 4th. Finally, Evercore ISI lower their worth goal on JPMorgan Chase & Co. from $135.00 to $125.00 in a analysis be aware on Friday, July fifteenth. One funding analyst has rated the inventory with a promote ranking, eight have given a maintain ranking and ten have given a purchase ranking to the inventory. According to MarketBeat, the inventory presently has a consensus ranking of “Hold” and a median goal worth of $144.85.
About JPMorgan Chase & Co.
(Get Rating)
JPMorgan Chase & Co operates as a monetary companies 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 companies 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 companies.
See Also
Receive News & Ratings for JPMorgan Chase & Co. Daily – Enter your e-mail deal with under to obtain a concise day by day abstract of the newest information and analysts’ scores for JPMorgan Chase & Co. and associated firms with MarketBeat.com’s FREE day by day e-mail publication.
