1 week Ago By ABMN Staff
JBGlobal.com LLC bought a new position in shares of JPMorgan Chase & Co. ( NYSE:JPM ) during the fourth quarter, HoldingsChannel.
com reports. The firm bought 844 shares of the financial services provider’s stock, valued at approximately $202,000. A number of other hedge funds also recently added to or reduced their stakes in JPM.
Geode Capital Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.9% in the 3rd quarter.
Geode Capital Management LLC now owns 58,344,186 shares of the financial services provider’s stock valued at $12,258,346,000 after purchasing an additional 505,830 shares in the last quarter. Fisher Asset Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 31.
7% in the 3rd quarter. Fisher Asset Management LLC now owns 16,784,272 shares of the financial services provider’s stock valued at $3,539,132,000 after purchasing an additional 4,043,841 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of JPMorgan Chase & Co.
by 2.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,084,919 shares of the financial services provider’s stock valued at $3,180,806,000 after purchasing an additional 302,592 shares in the last quarter.
Franklin Resources Inc. raised its holdings in shares of JPMorgan Chase & Co. by 7.
2% in the 3rd quarter. Franklin Resources Inc. now owns 15,073,193 shares of the financial services provider’s stock valued at $3,338,955,000 after purchasing an additional 1,016,289 shares in the last quarter.
Finally, International Assets Investment Management LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at $1,888,088,000. 71.
55% of the stock is currently owned by institutional investors and hedge funds. JPMorgan Chase & Co. Stock Down 0.
5 % Shares of NYSE:JPM opened at $264.66 on Friday. The company has a market cap of $745.
09 billion, a price-to-earnings ratio of 13.41, a PEG ratio of 2.83 and a beta of 1.
11. The firm’s 50-day simple moving average is $245.67 and its 200-day simple moving average is $226.
25. The company has a quick ratio of 0.89, a current ratio of 0.
88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co.
has a fifty-two week low of $170.90 and a fifty-two week high of $267.10.
JPMorgan Chase & Co. Announces Dividend The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be paid a $1.
25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.
89%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.
’s dividend payout ratio (DPR) is 25.33%. Insider Activity at JPMorgan Chase & Co.
In related news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.
82. Following the completion of the sale, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80.
This trade represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link .
Company insiders own 0.79% of the company’s stock. Analyst Upgrades and Downgrades A number of research analysts recently commented on JPM shares.
Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $220.00 to $224.
00 in a research report on Monday, September 30th. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th.
UBS Group increased their target price on shares of JPMorgan Chase & Co. from $276.00 to $287.
00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Piper Sandler increased their target price on shares of JPMorgan Chase & Co. from $240.
00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Daiwa Capital Markets dropped their target price on shares of JPMorgan Chase & Co.
from $240.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th.
Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $251.78.
Read Our Latest Research Report on JPM JPMorgan Chase & Co. Company 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. Featured Stories 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.
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