3 days Ago By ABMN Staff
Ameritas Advisory Services LLC reduced its position in shares of JPMorgan Chase & Co. ( NYSE:JPM ) by 27.2% in the 3rd quarter, Holdings Channel.
com reports. The firm owned 34,401 shares of the financial services provider’s stock after selling 12,875 shares during the period. Ameritas Advisory Services LLC’s holdings in JPMorgan Chase & Co.
were worth $7,254,000 as of its most recent SEC filing. Other institutional investors and hedge funds have also recently modified their holdings of the company. Catalyst Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co.
during the 3rd quarter worth about $27,000. Fairway Wealth LLC acquired a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $32,000.
Anfield Capital Management LLC purchased a new position in JPMorgan Chase & Co. in the second quarter valued at approximately $34,000. Davidson Capital Management Inc.
acquired a new stake in JPMorgan Chase & Co. during the first quarter worth approximately $37,000. Finally, West Financial Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co.
during the 3rd quarter worth approximately $37,000. Institutional investors and hedge funds own 71.55% of the company’s stock.
Wall Street Analysts Forecast Growth A number of research firms recently commented on JPM. Wells Fargo & Company increased their target price on shares of JPMorgan Chase & Co. from $220.
00 to $225.00 and gave the company an “overweight” rating in a research report on Monday, July 15th. Oppenheimer raised their price objective on JPMorgan Chase & Co.
from $232.00 to $241.00 and gave the stock an “outperform” rating in a report on Tuesday.
Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday. Morgan Stanley downgraded JPMorgan Chase & Co.
from an “overweight” rating to an “equal weight” rating and raised their price target for the stock from $220.00 to $224.00 in a research note on Monday, September 30th.
Finally, Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.
00 price objective for the company. in a research note on Thursday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock.
According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $224.31.
JPMorgan Chase & Co. Stock Up 0.3 % Shares of JPMorgan Chase & Co.
stock opened at $237.06 on Friday. JPMorgan Chase & Co.
has a one year low of $143.70 and a one year high of $248.00.
The company has a market cap of $667.40 billion, a P/E ratio of 13.19, a PEG ratio of 3.
21 and a beta of 1.10. The company has a debt-to-equity ratio of 1.
27, a quick ratio of 0.89 and a current ratio of 0.89.
The firm has a fifty day moving average of $217.24 and a two-hundred day moving average of $208.24.
JPMorgan Chase & Co. ( NYSE:JPM – Get Free Report ) last posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.
37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.02 by $0.35.
JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.
71%. The firm had revenue of $43.32 billion during the quarter, compared to analysts’ expectations of $41.
43 billion. During the same period in the prior year, the company posted $4.33 earnings per share.
The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, analysts forecast that JPMorgan Chase & Co.
will post 17.52 earnings per share for the current year. JPMorgan Chase & Co.
Increases Dividend The firm also recently declared a quarterly dividend, which was paid on Thursday, October 31st. Investors of record on Friday, October 4th were paid a $1.25 dividend.
The ex-dividend date of this dividend was Friday, October 4th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.
15. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.
11%. JPMorgan Chase & Co.’s payout ratio is 27.
82%. 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. Read More 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.
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