2 hours Ago By Defense World Staff
Bright Rock Capital Management LLC trimmed its stake in JPMorgan Chase & Co. ( NYSE:JPM ) by 23.5% during the third quarter, according to its most recent 13F filing with the SEC.
The institutional investor owned 65,000 shares of the financial services provider’s stock after selling 20,000 shares during the period. JPMorgan Chase & Co. accounts for about 2.
8% of Bright Rock Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Bright Rock Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $13,706,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Exencial Wealth Advisors LLC grew its holdings in JPMorgan Chase & Co. by 3.
4% in the 4th quarter. Exencial Wealth Advisors LLC now owns 29,767 shares of the financial services provider’s stock valued at $5,063,000 after buying an additional 978 shares during the last quarter. Beacon Investment Advisors LLC boosted its position in shares of JPMorgan Chase & Co.
by 7.0% in the fourth quarter. Beacon Investment Advisors LLC now owns 2,089 shares of the financial services provider’s stock valued at $355,000 after acquiring an additional 136 shares during the period.
Prudential PLC grew its stake in shares of JPMorgan Chase & Co. by 45.0% in the fourth quarter.
Prudential PLC now owns 236,451 shares of the financial services provider’s stock worth $40,220,000 after acquiring an additional 73,389 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of JPMorgan Chase & Co. by 2.
5% in the fourth quarter. Schroder Investment Management Group now owns 5,104,331 shares of the financial services provider’s stock worth $868,247,000 after acquiring an additional 124,811 shares during the last quarter. Finally, Wealth Quarterback LLC increased its position in JPMorgan Chase & Co.
by 48.2% during the fourth quarter. Wealth Quarterback LLC now owns 3,101 shares of the financial services provider’s stock worth $528,000 after acquiring an additional 1,009 shares during the period.
Institutional investors and hedge funds own 71.55% of the company’s stock. JPMorgan Chase & Co.
Stock Performance Shares of NYSE:JPM opened at $205.17 on Friday. The business has a fifty day moving average of $211.
32 and a 200-day moving average of $202.90. 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. has a twelve month low of $135.19 and a twelve month high of $225.
48. The firm has a market cap of $589.18 billion, a PE ratio of 11.
44, a price-to-earnings-growth ratio of 2.39 and a beta of 1.11.
JPMorgan Chase & Co. Increases Dividend The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be given a $1.
25 dividend. This represents a $5.00 annualized dividend and a yield of 2.
44%. The ex-dividend date is Friday, October 4th. This is a boost from JPMorgan Chase & Co.
’s previous quarterly dividend of $1.15. JPMorgan Chase & Co.
’s payout ratio is 27.89%. Wall Street Analyst Weigh In A number of brokerages have weighed in on JPM.
Jefferies Financial Group increased their price target on shares of JPMorgan Chase & Co. from $230.00 to $239.
00 and gave the company a “buy” rating in a report on Wednesday, July 3rd. Citigroup lifted their target price on JPMorgan Chase & Co. from $205.
00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. Piper Sandler upped their price target on JPMorgan Chase & Co.
from $220.00 to $230.00 and gave the company an “overweight” rating in a report on Monday, July 15th.
Barclays lifted their price objective on JPMorgan Chase & Co. from $212.00 to $217.
00 and gave the stock an “overweight” rating in a report on Monday, July 15th. Finally, Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $210.
00 to $211.00 and gave the stock an “outperform” rating in a research note on Monday, July 15th. Nine analysts have rated the stock with a hold rating and ten have given a buy rating to the stock.
According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $212.13. Read Our Latest Research Report on JPM JPMorgan Chase & Co.
Profile ( 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.
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