2 weeks Ago By Defense World Staff
AQR Capital Management LLC reduced its position in JPMorgan Chase & Co. ( NYSE:JPM ) by 26.6% in the 2nd quarter, according to its most recent filing with the SEC.
The firm owned 608,086 shares of the financial services provider’s stock after selling 220,895 shares during the period. AQR Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $121,678,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Wealth Strategies LLC. acquired a new stake in JPMorgan Chase & Co.
in the fourth quarter worth about $1,145,000. Cooper Financial Group boosted its stake in shares of JPMorgan Chase & Co. by 12.
8% in the 1st quarter. Cooper Financial Group now owns 8,693 shares of the financial services provider’s stock valued at $1,741,000 after purchasing an additional 984 shares during the last quarter. Spartan Planning & Wealth Management boosted its stake in shares of JPMorgan Chase & Co.
by 257.3% in the 4th quarter. Spartan Planning & Wealth Management now owns 3,780 shares of the financial services provider’s stock valued at $643,000 after purchasing an additional 2,722 shares during the last quarter.
jvl associates llc grew its position in shares of JPMorgan Chase & Co. by 59.8% during the 1st quarter.
jvl associates llc now owns 1,911 shares of the financial services provider’s stock worth $383,000 after buying an additional 715 shares during the period. Finally, Rowlandmiller & PARTNERS.ADV lifted its stake in shares of JPMorgan Chase & Co.
by 1.3% in the 1st quarter. Rowlandmiller & PARTNERS.
ADV now owns 25,963 shares of the financial services provider’s stock valued at $5,201,000 after purchasing an additional 330 shares during the period. Institutional investors own 71.55% of the company’s stock.
Analyst Upgrades and Downgrades JPM has been the subject of a number of recent analyst reports. Wolfe Research downgraded JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a report on Monday, July 8th.
Barclays increased their price target on shares of JPMorgan Chase & Co. from $212.00 to $217.
00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Keefe, Bruyette & Woods upped their target price on shares of JPMorgan Chase & Co. from $209.
00 to $211.00 and gave the company a “market perform” rating in a research note on Tuesday, July 9th. Oppenheimer increased their target price on shares of JPMorgan Chase & Co.
from $215.00 to $221.00 and gave the stock an “outperform” rating in a report on Monday, July 15th.
Finally, BMO Capital Markets boosted their price target on shares of JPMorgan Chase & Co. from $195.00 to $205.
00 and gave the company a “market perform” rating in a report on Thursday, July 11th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.
com, the company has an average rating of “Moderate Buy” and a consensus target price of $211.06. JPMorgan Chase & Co.
Stock Down 0.2 % NYSE:JPM opened at $209.78 on Friday.
The stock has a 50-day simple moving average of $211.47 and a 200 day simple moving average of $202.20.
JPMorgan Chase & Co. has a 52-week low of $135.19 and a 52-week high of $225.
48. The company has a market cap of $596.86 billion, a PE ratio of 11.
70, a PEG ratio of 2.39 and a beta of 1.12.
The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.91 and a current ratio of 0.
91. JPMorgan Chase & Co. ( NYSE:JPM – Get Free Report ) last issued its quarterly earnings results on Friday, July 12th.
The financial services provider reported $6.12 earnings per share for the quarter, topping the consensus estimate of $4.19 by $1.
93. JPMorgan Chase & Co. had a net margin of 20.
32% and a return on equity of 17.26%. The company had revenue of $50.
80 billion during the quarter, compared to analysts’ expectations of $42.23 billion. During the same period last year, the business earned $4.
37 EPS. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 16.
72 EPS for the current fiscal year. JPMorgan Chase & Co. Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 31st.
Shareholders of record on Friday, October 4th will be paid a $1.25 dividend. This is a positive change from JPMorgan Chase & Co.
’s previous quarterly dividend of $1.15. This represents a $5.
00 annualized dividend and a yield of 2.38%. The ex-dividend date of this dividend is Friday, October 4th.
JPMorgan Chase & Co.’s payout ratio is presently 25.66%.
About JPMorgan Chase & Co. ( Free Report ) JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM).
The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking. Recommended Stories Five stocks we like better than JPMorgan Chase & Co. How to Invest in the Best Canadian Stocks Rocket Lab Stock Soars: Should Investors Chase the Rally? The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number KB Home Slips After Earnings: What’s Next for Homebuilders? Investing In Preferred Stock vs.
Common Stock Micron Stock Soars as AI Demand Fuels Big Q4 Earnings Beat Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. ( NYSE:JPM – Free Report ).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.
com's FREE daily email newsletter ..
