2 weeks Ago By Defense World Staff
PFG Advisors grew its holdings in shares of JPMorgan Chase & Co. ( NYSE:JPM ) by 1.7% in the second quarter, according to its most recent filing with the SEC.
The firm owned 37,494 shares of the financial services provider’s stock after acquiring an additional 623 shares during the quarter. PFG Advisors’ holdings in JPMorgan Chase & Co. were worth $7,584,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Capital International Investors lifted its position in JPMorgan Chase & Co. by 1.
9% in the first quarter. Capital International Investors now owns 42,294,992 shares of the financial services provider’s stock worth $8,471,687,000 after purchasing an additional 778,297 shares during the period. Norges Bank acquired a new stake in shares of JPMorgan Chase & Co.
in the fourth quarter valued at $6,016,878,000. Capital World Investors boosted its stake in JPMorgan Chase & Co. by 0.
4% during the first quarter. Capital World Investors now owns 34,422,011 shares of the financial services provider’s stock valued at $6,894,729,000 after buying an additional 150,812 shares in the last quarter. Capital Research Global Investors raised its position in JPMorgan Chase & Co.
by 23.3% in the first quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider’s stock worth $3,445,185,000 after acquiring an additional 3,252,451 shares in the last quarter.
Finally, Fisher Asset Management LLC raised its holdings in shares of JPMorgan Chase & Co. by 4.0% in the 4th quarter.
Fisher Asset Management LLC now owns 11,836,898 shares of the financial services provider’s stock worth $2,013,457,000 after purchasing an additional 450,098 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.
Wall Street Analyst Weigh In Several equities research analysts have recently weighed in on the company. Piper Sandler raised their price objective on JPMorgan Chase & Co. from $220.
00 to $230.00 and gave the stock an “overweight” rating in a research note on Monday, July 15th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $235.
00 price target on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Wolfe Research lowered shares of JPMorgan Chase & Co.
from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Oppenheimer lifted their target price on shares of JPMorgan Chase & Co. from $215.
00 to $221.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. Finally, Morgan Stanley reduced their price target on shares of JPMorgan Chase & Co.
from $226.00 to $220.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th.
Eight investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $211.
06. JPMorgan Chase & Co. Price Performance Shares of JPM opened at $209.
50 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.
91 and a current ratio of 0.91. The firm has a market cap of $601.
61 billion, a PE ratio of 11.68, a PEG ratio of 2.33 and a beta of 1.
12. The firm’s 50 day moving average price is $211.43 and its 200 day moving average price is $201.
36. JPMorgan Chase & Co. has a twelve month low of $135.
19 and a twelve month high of $225.48. JPMorgan Chase & Co.
( NYSE:JPM – Get Free Report ) last released its quarterly earnings results on Friday, July 12th. The financial services provider reported $6.12 earnings per share for the quarter, beating analysts’ consensus estimates of $4.
19 by $1.93. The business had revenue of $50.
80 billion for the quarter, compared to the consensus estimate of $42.23 billion. JPMorgan Chase & Co.
had a net margin of 20.32% and a return on equity of 17.26%.
During the same quarter last year, the firm earned $4.37 EPS. As a group, research analysts expect that JPMorgan Chase & Co.
will post 16.78 EPS for the current fiscal year. 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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