3 days Ago By ABMN Staff
Heritage Investors Management Corp reduced its stake in JPMorgan Chase & Co. ( NYSE:JPM ) by 2.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The firm owned 214,400 shares of the financial services provider’s stock after selling 5,639 shares during the period. JPMorgan Chase & Co. makes up approximately 1.
5% of Heritage Investors Management Corp’s portfolio, making the stock its 15th biggest position. Heritage Investors Management Corp’s holdings in JPMorgan Chase & Co. were worth $45,208,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently bought and sold shares of JPM. International Assets Investment Management LLC acquired a new position in JPMorgan Chase & Co. during the third quarter worth $1,888,088,000.
Swedbank AB purchased a new stake in shares of JPMorgan Chase & Co. in the 1st quarter valued at $800,130,000. Capital Research Global Investors lifted its stake in JPMorgan Chase & Co.
by 23.3% during the 1st 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.
Wulff Hansen & CO. boosted its holdings in JPMorgan Chase & Co. by 19,920.
7% during the 2nd quarter. Wulff Hansen & CO. now owns 2,801,503 shares of the financial services provider’s stock valued at $566,632,000 after acquiring an additional 2,787,510 shares during the period.
Finally, Granite Bay Wealth Management LLC grew its position in JPMorgan Chase & Co. by 6,239.1% in the 2nd quarter.
Granite Bay Wealth Management LLC now owns 1,418,572 shares of the financial services provider’s stock valued at $277,456,000 after acquiring an additional 1,396,194 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.
JPMorgan Chase & Co. Price Performance JPM stock opened at $237.06 on Friday.
The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.
27. The company has a market capitalization of $667.40 billion, a P/E ratio of 13.
19, a PEG ratio of 3.21 and a beta of 1.10.
The business has a 50 day simple moving average of $217.24 and a 200-day simple moving average of $208.24.
JPMorgan Chase & Co. has a twelve month low of $143.70 and a twelve month high of $248.
00. JPMorgan Chase & Co. Increases Dividend The business also recently declared a quarterly dividend, which was paid on Thursday, October 31st.
Investors of record on Friday, October 4th were issued a dividend of $1.25 per share. The ex-dividend date was Friday, October 4th.
This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.11%.
This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.15.
JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.82%.
Analyst Upgrades and Downgrades Several analysts have recently issued reports on the stock. Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $220.
00 to $230.00 and gave the stock an “overweight” rating in a research report on Monday, July 15th. StockNews.
com upgraded shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating in a report on Saturday, July 13th. Royal Bank of Canada boosted their price target on shares of JPMorgan Chase & Co.
from $211.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th.
Citigroup upped their price objective 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. Finally, Robert W. Baird cut JPMorgan Chase & Co.
from a “neutral” rating to an “underperform” rating and set a $200.00 target price for the company. in a research note on Thursday.
Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $224.31.
View Our Latest Analysis on JPM 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.
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