9 hours Ago By ABMN Staff
Stoneridge Investment Partners LLC grew its holdings in shares of JPMorgan Chase & Co. ( NYSE:JPM – Free Report ) by 81.2% in the 2nd quarter, according to its most recent disclosure with the SEC.
The fund owned 21,146 shares of the financial services provider’s stock after purchasing an additional 9,479 shares during the period. JPMorgan Chase & Co. makes up approximately 1.
6% of Stoneridge Investment Partners LLC’s holdings, making the stock its 15th largest position. Stoneridge Investment Partners LLC’s holdings in JPMorgan Chase & Co. were worth $4,277,000 as of its most recent SEC filing.
A number of other hedge funds have also recently made changes to their positions in JPM. Capital International Investors lifted its position in JPMorgan Chase & Co. by 1.
9% in the 1st quarter. Capital International Investors now owns 42,294,992 shares of the financial services provider’s stock valued at $8,471,687,000 after acquiring an additional 778,297 shares in the last quarter. Norges Bank purchased a new position in shares of JPMorgan Chase & Co.
in the fourth quarter worth $6,016,878,000. Capital World Investors lifted its holdings in shares of 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 purchasing an additional 150,812 shares in the last quarter. Capital Research Global Investors boosted its position in shares of JPMorgan Chase & Co.
by 23.3% during the first quarter. Capital Research Global Investors now owns 17,200,124 shares of the financial services provider’s stock valued at $3,445,185,000 after buying an additional 3,252,451 shares during the last quarter.
Finally, Fisher Asset Management LLC increased its holdings in 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 buying an additional 450,098 shares in the last quarter. 71.55% of the stock is owned by institutional investors.
JPMorgan Chase & Co. Trading Down 0.8 % Shares of JPM opened at $207.
60 on Thursday. JPMorgan Chase & Co. has a twelve month low of $135.
19 and a twelve month high of $225.48. The company has a current ratio of 0.
91, a quick ratio of 0.91 and a debt-to-equity ratio of 1.24.
The company’s fifty day simple moving average is $211.43 and its 200-day simple moving average is $201.40.
The company has a market cap of $596.16 billion, a P/E ratio of 11.58, a P/E/G ratio of 2.
33 and a beta of 1.12. JPMorgan Chase & Co.
Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 31st. Investors of record on Friday, October 4th will be issued a dividend of $1.25 per share.
The ex-dividend date of this dividend is Friday, October 4th. This represents a $5.00 dividend on an annualized basis and a yield of 2.
41%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.
15. JPMorgan Chase & Co.’s payout ratio is presently 25.
66%. Wall Street Analyst Weigh In A number of research analysts recently weighed in on JPM shares. Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co.
from $209.00 to $211.00 and gave the company a “market perform” rating in a research report on Tuesday, July 9th.
Piper Sandler raised their price target 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. Citigroup lifted their price objective on JPMorgan Chase & Co. from $205.
00 to $215.00 and gave the stock a “neutral” rating in a report on Monday, July 15th. BMO Capital Markets increased their target price on JPMorgan Chase & Co.
from $195.00 to $205.00 and gave the company a “market perform” rating in a report on Thursday, July 11th.
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 equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.
com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $211.06. View Our Latest Research Report on JPM 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.
Recommended Stories Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.
com's FREE daily email newsletter ..
