Advisors Management Group Inc. ADV grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,687 shares of the financial services provider’s stock after buying an additional 119 shares during the period. Advisors Management Group Inc. ADV’s holdings in JPMorgan Chase & Co. were worth $1,991,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Laidlaw Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 20,306.8% in the second quarter. Laidlaw Wealth Management LLC now owns 2,810,830 shares of the financial services provider’s stock valued at $30,000 after buying an additional 2,797,056 shares during the last quarter. Provident Wealth Management LLC acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter worth approximately $34,000. FAI Wealth Management lifted its holdings in JPMorgan Chase & Co. by 317.0% during the 2nd quarter. FAI Wealth Management now owns 417 shares of the financial services provider’s stock worth $39,000 after purchasing an additional 317 shares during the last quarter. Marshall & Sullivan Inc. WA acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter worth approximately $43,000. Finally, Eukles Asset Management lifted its holdings in JPMorgan Chase & Co. by 28.7% during the 3rd quarter. Eukles Asset Management now owns 533 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 119 shares during the last quarter. 69.35% of the stock is owned by institutional investors.
Several analysts recently weighed in on the company. TheStreet raised JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a report on Tuesday, August 4th. Royal Bank of Canada reissued a “buy” rating and set a $110.00 price target on shares of JPMorgan Chase & Co. in a report on Wednesday, October 14th. Deutsche Bank Aktiengesellschaft raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $105.00 to $115.00 in a report on Thursday, September 3rd. BMO Capital Markets lifted their price target on JPMorgan Chase & Co. from $117.00 to $119.00 and gave the stock a “market perform” rating in a report on Wednesday, October 14th. Finally, Morgan Stanley reissued a “buy” rating and set a $106.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, July 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and sixteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $111.34.
In related news, insider Nicole Giles sold 2,281 shares of the business’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $100.98, for a total transaction of $230,335.38. Also, CFO Jennifer Piepszak sold 3,297 shares of the business’s stock in a transaction on Monday, October 26th. The stock was sold at an average price of $101.11, for a total value of $333,359.67. Insiders own 0.78% of the company’s stock.
Shares of JPM opened at $114.57 on Friday. JPMorgan Chase & Co. has a 52-week low of $76.91 and a 52-week high of $141.10. The business’s fifty day moving average is $103.80 and its 200-day moving average is $99.04. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.88 and a current ratio of 0.88. The firm has a market cap of $349.23 billion, a price-to-earnings ratio of 14.98, a PEG ratio of 2.68 and a beta of 1.15.
JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Monday, October 19th. The financial services provider reported $2.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.23 by $0.69. JPMorgan Chase & Co. had a return on equity of 10.85% and a net margin of 19.16%. The company had revenue of $29.90 billion for the quarter, compared to analyst estimates of $28.20 billion. During the same quarter last year, the company posted $2.68 EPS. The company’s revenue for the quarter was up 4.0% compared to the same quarter last year. As a group, research analysts forecast that JPMorgan Chase & Co. will post 7.47 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, October 31st. Investors of record on Tuesday, October 6th were given a dividend of $0.90 per share. The ex-dividend date was Monday, October 5th. This represents a $3.60 dividend on an annualized basis and a yield of 3.14%. JPMorgan Chase & Co.’s dividend payout ratio is currently 34.35%.
JPMorgan Chase & Co. Profile
JPMorgan Chase & Co operates as a financial services company worldwide. It operates in 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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