Phoenix Holdings Ltd. grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 6.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 278,656 shares of the financial services provider’s stock after purchasing an additional 18,076 shares during the quarter. JPMorgan Chase & Co. makes up about 1.1% of Phoenix Holdings Ltd.’s holdings, making the stock its 28th largest position. Phoenix Holdings Ltd.’s holdings in JPMorgan Chase & Co. were worth $25,289,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently bought and sold shares of the company. Your Advocates Ltd. LLP lifted its holdings in shares of JPMorgan Chase & Co. by 250.0% in the second quarter. Your Advocates Ltd. LLP now owns 175 shares of the financial services provider’s stock valued at $67,000 after purchasing an additional 125 shares in the last quarter. Provident Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. in the third quarter valued at approximately $34,000. FAI Wealth Management lifted its holdings in shares of JPMorgan Chase & Co. by 317.0% in the second quarter. FAI Wealth Management now owns 417 shares of the financial services provider’s stock valued at $39,000 after purchasing an additional 317 shares in the last quarter. Marshall & Sullivan Inc. WA bought a new stake in JPMorgan Chase & Co. during the third quarter worth $43,000. Finally, Eukles Asset Management lifted its holdings in JPMorgan Chase & Co. by 28.7% during the third quarter. Eukles Asset Management now owns 533 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 119 shares during the period. Institutional investors own 69.35% of the company’s stock.
In other JPMorgan Chase & Co. news, CFO Jennifer Piepszak sold 3,297 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $101.11, for a total transaction of $333,359.67. Also, insider Nicole Giles sold 2,281 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $100.98, for a total value of $230,335.38. Insiders own 0.78% of the company’s stock.
JPMorgan Chase & Co. stock 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 has a 50-day simple moving average of $103.80 and a 200 day simple moving average of $99.04. The company has a quick ratio of 0.88, a current ratio of 0.88 and a debt-to-equity ratio of 1.16. The stock 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 posted its earnings results on Monday, October 19th. The financial services provider reported $2.92 EPS for the quarter, topping 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 business had revenue of $29.90 billion during the quarter, compared to analysts’ expectations of $28.20 billion. During the same period in the previous year, the business earned $2.68 earnings per share. The firm’s revenue was up 4.0% on a year-over-year basis. On average, research analysts anticipate that JPMorgan Chase & Co. will post 7.47 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Saturday, October 31st. Shareholders of record on Tuesday, October 6th were paid a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a yield of 3.14%. The ex-dividend date was Monday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 34.35%.
JPM has been the topic of a number of recent analyst reports. Credit Suisse Group reiterated a “buy” rating and set a $126.00 price target (up from $122.00) on shares of JPMorgan Chase & Co. in a report on Wednesday, October 14th. Independent Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $100.00 to $110.00 in a report on Tuesday, September 29th. 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. TheStreet upgraded JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a report on Tuesday, August 4th. Finally, Morgan Stanley reissued a “buy” rating and issued a $106.00 target price on shares of JPMorgan Chase & Co. in a research report on Monday, July 27th. One equities 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 stock. The company currently has a consensus rating of “Buy” and a consensus price target of $111.34.
About JPMorgan Chase & Co.
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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