Vigilare Wealth Management lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 23.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,137 shares of the financial services provider’s stock after selling 1,612 shares during the period. Vigilare Wealth Management’s holdings in JPMorgan Chase & Co. were worth $494,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in JPM. Skandinaviska Enskilda Banken AB publ boosted its stake in shares of JPMorgan Chase & Co. by 0.8% in the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 1,249,908 shares of the financial services provider’s stock worth $112,529,000 after buying an additional 9,677 shares during the last quarter. Driehaus Capital Management LLC lifted its stake in JPMorgan Chase & Co. by 12.2% in the first quarter. Driehaus Capital Management LLC now owns 2,886 shares of the financial services provider’s stock valued at $260,000 after purchasing an additional 314 shares during the last quarter. Maverick Capital Ltd. purchased a new position in JPMorgan Chase & Co. in the first quarter valued at approximately $474,000. Morgan Stanley lifted its stake in JPMorgan Chase & Co. by 6.4% in the first quarter. Morgan Stanley now owns 37,812,884 shares of the financial services provider’s stock valued at $3,404,295,000 after purchasing an additional 2,262,845 shares during the last quarter. Finally, Tudor Investment Corp Et Al purchased a new position in JPMorgan Chase & Co. in the first quarter valued at approximately $1,267,000. Hedge funds and other institutional investors own 69.35% of the company’s stock.
Several equities analysts recently commented on JPM shares. Berenberg Bank upped their price objective on JPMorgan Chase & Co. from $77.00 to $80.00 and gave the company a “sell” rating in a research note on Monday, July 20th. Goldman Sachs Group upgraded JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating in a research note on Friday, July 24th. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price objective for the company from $105.00 to $115.00 in a research note on Thursday, September 3rd. Oppenheimer reissued a “hold” rating on shares of JPMorgan Chase & Co. in a report on Tuesday, July 14th. Finally, Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 target price on the stock in a report on Thursday, July 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have given a buy rating to the stock. JPMorgan Chase & Co. has an average rating of “Buy” and an average target price of $111.59.
Shares of JPMorgan Chase & Co. stock traded down $0.21 during trading on Friday, hitting $101.51. The stock had a trading volume of 13,276,397 shares, compared to its average volume of 20,525,127. The firm has a market cap of $309.36 billion, a price-to-earnings ratio of 13.27, a P/E/G ratio of 3.16 and a beta of 1.15. JPMorgan Chase & Co. has a 12 month low of $76.91 and a 12 month high of $141.10. The business’s 50-day moving average is $99.36 and its 200 day moving average is $96.79. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.35.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Monday, October 19th. The financial services provider reported $2.92 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.69. The firm had revenue of $29.90 billion for the quarter, compared to analysts’ expectations of $28.20 billion. JPMorgan Chase & Co. had a net margin of 18.16% and a return on equity of 10.75%. The business’s quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.68 earnings per share. As a group, equities analysts expect that JPMorgan Chase & Co. will post 6.48 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Tuesday, October 6th will be given a $0.90 dividend. The ex-dividend date is Monday, October 5th. This represents a $3.60 annualized dividend and a yield of 3.55%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.
JPMorgan Chase & Co. Profile
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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
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