2 weeks Ago By Defense World Staff
B. Riley Wealth Advisors Inc. lessened its position in JPMorgan Chase & Co.
( NYSE:JPM – Free Report ) by 13.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 141,404 shares of the financial services provider’s stock after selling 21,563 shares during the period.
JPMorgan Chase & Co. makes up 0.7% of B.
Riley Wealth Advisors Inc.’s portfolio, making the stock its 19th biggest position. B.
Riley Wealth Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $28,600,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of JPM. Ecofi Investissements SA bought a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at $913,000.
Wallace Capital Management Inc. increased its stake in shares of JPMorgan Chase & Co. by 13.
3% during the second quarter. Wallace Capital Management Inc. now owns 2,131 shares of the financial services provider’s stock valued at $431,000 after acquiring an additional 250 shares during the period.
Kampmann Melissa S. raised its holdings in JPMorgan Chase & Co. by 1.
4% during the second quarter. Kampmann Melissa S. now owns 22,051 shares of the financial services provider’s stock worth $4,460,000 after purchasing an additional 304 shares in the last quarter.
High Falls Advisors Inc lifted its position in JPMorgan Chase & Co. by 6.4% in the second quarter.
High Falls Advisors Inc now owns 6,111 shares of the financial services provider’s stock worth $1,236,000 after purchasing an additional 368 shares during the period. Finally, Quarry LP lifted its position in JPMorgan Chase & Co. by 1,062.
1% in the second quarter. Quarry LP now owns 337 shares of the financial services provider’s stock worth $68,000 after purchasing an additional 308 shares during the period. 71.
55% of the stock is currently owned by institutional investors. Wall Street Analyst Weigh In A number of analysts have recently commented on the company. Wolfe Research downgraded JPMorgan Chase & Co.
from an “outperform” rating to a “peer perform” rating in a research note on Monday, July 8th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $235.00 target price on shares of JPMorgan Chase & Co.
in a report on Tuesday, September 3rd. Barclays lifted their price target on JPMorgan Chase & Co. from $212.
00 to $217.00 and gave the company an “overweight” rating in a report on Monday, July 15th. Morgan Stanley lowered their price target on JPMorgan Chase & Co.
from $226.00 to $220.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th.
Finally, StockNews.com upgraded JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th.
Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.06.
JPMorgan Chase & Co. Stock Performance JPM stock opened at $210.50 on Monday.
The firm has a 50 day moving average of $211.47 and a two-hundred day moving average of $202.57.
JPMorgan Chase & Co. has a 12 month low of $135.19 and a 12 month high of $225.
48. The company has a market capitalization of $604.49 billion, a price-to-earnings ratio of 11.
74, a P/E/G ratio of 2.39 and a beta of 1.12.
The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.
24. 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 (EPS) for the quarter, topping the consensus estimate of $4.19 by $1.
93. The company had revenue of $50.80 billion during the quarter, compared to the consensus estimate of $42.
23 billion. JPMorgan Chase & Co. had a return on equity of 17.
26% and a net margin of 20.32%. During the same quarter in the prior year, the company posted $4.
37 EPS. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 16.
72 EPS for the current fiscal year. JPMorgan Chase & Co. Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Thursday, October 31st.
Stockholders of record on Friday, October 4th will be paid a dividend of $1.25 per share. This represents a $5.
00 annualized dividend and a dividend yield of 2.38%. The ex-dividend date is Friday, October 4th.
This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15.
JPMorgan Chase & Co.’s dividend payout ratio is 27.89%.
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. Read More Five stocks we like better than JPMorgan Chase & Co. What is a SEC Filing? Top 5 ETFs to Own Now and Into 2025 What is the Euro STOXX 50 Index? Watch These 3 Former Short-Squeeze Stocks for a Big Rally How to Know Which Cryptocurrency to Buy: A Guide for Investors Simon Property REIT: A Safe Bet for Growth and Steady Dividends Receive News & Ratings for JPMorgan Chase & Co.
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