18 hours Ago By ABMN Staff
Signature Estate & Investment Advisors LLC cut its position in shares of JPMorgan Chase & Co. ( NYSE:JPM ) by 0.7% in the third quarter, Holdings Channel.
com reports. The firm owned 21,767 shares of the financial services provider’s stock after selling 154 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in JPMorgan Chase & Co.
were worth $4,590,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Mizuho Securities Co.
Ltd. purchased a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at $25,000.
Catalyst Capital Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $27,000. Fairway Wealth LLC bought a new position in JPMorgan Chase & Co.
in the 2nd quarter worth about $32,000. Anfield Capital Management LLC purchased a new position in shares of JPMorgan Chase & Co. during the second quarter worth approximately $34,000.
Finally, West Financial Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the third quarter valued at approximately $37,000. 71.
55% of the stock is owned by hedge funds and other institutional investors. Analyst Ratings Changes Several brokerages recently issued reports on JPM. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $235.
00 price objective on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 3rd. Robert W.
Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock.
in a research note on Thursday, November 7th. Royal Bank of Canada upped their price objective 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. Morgan Stanley downgraded shares of JPMorgan Chase & Co.
from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $220.00 to $224.00 in a research report on Monday, September 30th.
Finally, Daiwa Capital Markets lowered their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.
00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co.
currently has an average rating of “Hold” and a consensus price target of $229.31. JPMorgan Chase & Co.
Stock Performance Shares of JPMorgan Chase & Co. stock opened at $243.03 on Wednesday.
The company has a 50 day moving average price of $220.81 and a 200 day moving average price of $210.92.
The firm has a market capitalization of $684.21 billion, a P/E ratio of 13.52, a PEG ratio of 3.
56 and a beta of 1.10. The company has a quick ratio of 0.
89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.
JPMorgan Chase & Co. has a 52 week low of $151.92 and a 52 week high of $248.
00. JPMorgan Chase & Co. ( NYSE:JPM – Get Free Report ) last posted its quarterly earnings data on Friday, October 11th.
The financial services provider reported $4.37 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 business had revenue of $43.
32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same period in the previous year, the firm posted $4.
33 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year.
Sell-side analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current year.
JPMorgan Chase & Co. Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 31st. Stockholders of record on Friday, October 4th were issued a $1.
25 dividend. The ex-dividend date was Friday, October 4th. This is a positive change 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 2.06%. JPMorgan Chase & Co.
’s dividend payout ratio is currently 27.82%. 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 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 ).
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