Baystate Wealth Management LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 30.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,207 shares of the financial services provider’s stock after selling 2,328 shares during the period. Baystate Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $501,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also modified their holdings of JPM. Skandinaviska Enskilda Banken AB publ boosted its stake in 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 purchasing an additional 9,677 shares during the period. Driehaus Capital Management LLC lifted its holdings in shares of 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 in the last quarter. Maverick Capital Ltd. acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth about $474,000. ArrowMark Colorado Holdings LLC boosted its position in shares of JPMorgan Chase & Co. by 10.6% during the first quarter. ArrowMark Colorado Holdings LLC now owns 120,995 shares of the financial services provider’s stock worth $10,893,000 after buying an additional 11,595 shares during the period. Finally, London & Capital Asset Management Ltd grew its holdings in shares of JPMorgan Chase & Co. by 2.8% during the first quarter. London & Capital Asset Management Ltd now owns 11,610 shares of the financial services provider’s stock worth $1,045,000 after buying an additional 315 shares in the last quarter. Institutional investors and hedge funds own 69.35% of the company’s stock.
JPM stock opened at $101.51 on Friday. JPMorgan Chase & Co. has a 1-year low of $76.91 and a 1-year high of $141.10. The business’s 50 day simple moving average is $99.36 and its 200 day simple 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. The firm has a market capitalization of $309.36 billion, a PE ratio of 13.27, a PEG ratio of 3.16 and a beta of 1.15.
JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Monday, October 19th. The financial services provider reported $2.92 EPS for the quarter, topping the Zacks’ consensus estimate of $2.23 by $0.69. The firm had revenue of $29.90 billion during 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 company’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.68 earnings per share. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 6.48 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Tuesday, October 6th will be paid a $0.90 dividend. The ex-dividend date is Monday, October 5th. This represents a $3.60 dividend on an annualized basis and a yield of 3.55%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 34.35%.
A number of research firms have weighed in on JPM. Oppenheimer reaffirmed a “hold” rating on shares of JPMorgan Chase & Co. in a research report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their target price for the stock from $105.00 to $115.00 in a report on Thursday, September 3rd. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $113.00 target price for the company in a research report on Thursday, July 9th. Royal Bank of Canada reissued a “buy” rating and set a $110.00 price target on shares of JPMorgan Chase & Co. in a research report on Wednesday. Finally, Morgan Stanley restated a “buy” rating and issued a $106.00 price objective on shares of JPMorgan Chase & Co. in a report on Monday, July 27th. One analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $111.59.
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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