Jupiter Asset Management Ltd. Increases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Jupiter Asset Administration Ltd. elevated its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 233.5% through the 2nd quarter, in keeping with the corporate in its most up-to-date 13F submitting with the Securities and Alternate Fee (SEC). The fund owned 286,404 shares of the monetary companies supplier’s inventory after shopping for an extra 200,519 shares through the quarter. Jupiter Asset Administration Ltd.’s holdings in JPMorgan Chase & Co. had been value $41,637,000 as of its most up-to-date submitting with the Securities and Alternate Fee (SEC).

Different institutional buyers and hedge funds have additionally just lately added to or lowered their stakes within the firm. Nordwand Advisors LLC acquired a brand new stake in JPMorgan Chase & Co. through the 1st quarter value about $30,000. Sageworth Belief Co lifted its place in JPMorgan Chase & Co. by 266.7% through the 1st quarter. Sageworth Belief Co now owns 407 shares of the monetary companies supplier’s inventory value $53,000 after buying an extra 296 shares through the interval. Robbins Farley lifted its place in JPMorgan Chase & Co. by 54.2% through the 1st quarter. Robbins Farley now owns 475 shares of the monetary companies supplier’s inventory value $62,000 after buying an extra 167 shares through the interval. Miller Wealth Advisors LLC acquired a brand new stake in JPMorgan Chase & Co. through the 2nd quarter value about $67,000. Lastly, Guardian Wealth Advisors LLC acquired a brand new stake in JPMorgan Chase & Co. through the 1st quarter value about $70,000. 68.94% of the inventory is at the moment owned by hedge funds and different institutional buyers.

JPMorgan Chase & Co. Inventory Efficiency

NYSE JPM opened at $152.82 on Monday. JPMorgan Chase & Co. has a twelve month low of $123.11 and a twelve month excessive of $159.38. The inventory has a 50-day shifting common of $145.05 and a 200 day shifting common of $145.20. The corporate has a present ratio of 0.90, a fast ratio of 0.90 and a debt-to-equity ratio of 1.25. The inventory has a market capitalization of $441.80 billion, a price-to-earnings ratio of 9.12, a PEG ratio of 1.80 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) final posted its quarterly earnings information on Friday, October thirteenth. The monetary companies supplier reported $4.33 EPS for the quarter, topping the consensus estimate of $3.95 by $0.38. JPMorgan Chase & Co. had a return on fairness of 17.97% and a web margin of twenty-two.79%. The corporate had income of $40.69 billion through the quarter, in comparison with analyst estimates of $39.63 billion. Throughout the identical interval within the earlier yr, the enterprise earned $3.12 EPS. JPMorgan Chase & Co.’s quarterly income was up 24.4% on a year-over-year foundation. Promote-side analysts anticipate that JPMorgan Chase & Co. will submit 16.67 EPS for the present fiscal yr.

JPMorgan Chase & Co. Will increase Dividend

The corporate additionally just lately disclosed a quarterly dividend, which was paid on Tuesday, October thirty first. Shareholders of file on Friday, October sixth had been paid a dividend of $1.05 per share. This can be a constructive change from JPMorgan Chase & Co.’s earlier quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a yield of two.75%. The ex-dividend date of this dividend was Thursday, October fifth. JPMorgan Chase & Co.’s payout ratio is 25.07%.

Analyst Upgrades and Downgrades

Various analysts have commented on JPM shares. Atlantic Securities lifted their value goal on JPMorgan Chase & Co. from $150.00 to $160.00 and gave the inventory a “impartial” ranking in a analysis report on Tuesday, August 1st. Jefferies Monetary Group lowered their value goal on JPMorgan Chase & Co. from $176.00 to $169.00 in a analysis report on Tuesday, October tenth. StockNews.com assumed protection on JPMorgan Chase & Co. in a analysis report on Thursday, October fifth. They set a “maintain” ranking for the corporate. Evercore ISI boosted their value goal on JPMorgan Chase & Co. from $158.00 to $167.00 in a report on Thursday, October fifth. Lastly, Morgan Stanley boosted their value goal on JPMorgan Chase & Co. from $187.00 to $191.00 and gave the corporate an “obese” ranking in a report on Monday, October sixteenth. 9 funding analysts have rated the inventory with a maintain ranking and ten have issued a purchase ranking to the inventory. In keeping with MarketBeat.com, the inventory at the moment has a mean ranking of “Reasonable Purchase” and a mean value goal of $168.80.

Verify Out Our Newest Evaluation on JPMorgan Chase & Co.

Insiders Place Their Bets

In different JPMorgan Chase & Co. information, Normal Counsel Stacey Friedman offered 4,310 shares of the enterprise’s inventory in a transaction that occurred on Wednesday, September sixth. The inventory was offered at a mean value of $144.86, for a complete transaction of $624,346.60. Following the completion of the sale, the overall counsel now straight owns 53,425 shares within the firm, valued at roughly $7,739,145.50. The transaction was disclosed in a doc filed with the SEC, which is accessible by way of this hyperlink. 0.79% of the inventory is owned by firm insiders.

JPMorgan Chase & Co. Firm Profile

(Free Report)

JPMorgan Chase & Co operates as a monetary companies firm worldwide. It operates by way of 4 segments: Client & Neighborhood Banking (CCB), Company & Funding Financial institution (CIB), Business Banking (CB), and Asset & Wealth Administration (AWM). The CCB phase provides deposit, funding and lending merchandise, money administration, and funds and companies to shoppers and small companies; mortgage origination and servicing actions; residential mortgages and residential fairness loans; and bank cards, auto loans, leases, and journey companies.

Learn Extra

Wish to see what different hedge funds are holding JPM? Go to HoldingsChannel.com to get the newest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

This instantaneous information alert was generated by narrative science know-how and monetary information from MarketBeat as a way to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat’s editorial group previous to publication. Please ship any questions or feedback about this story to contact@marketbeat.com.

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