Arden Trust Co lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% during the third quarter, Holdings Channel reports. The fund owned 60,563 shares of the financial services provider’s stock after selling 254 shares during the period. JPMorgan Chase & Co. makes up 1.0% of Arden Trust Co’s holdings, making the stock its 16th largest holding. Arden Trust Co’s holdings in JPMorgan Chase & Co. were worth $5,831,000 at the end of the most recent quarter.
A number of other institutional investors have also made changes to their positions in JPM. NuWave Investment Management LLC acquired a new position in shares of JPMorgan Chase & Co. in the second quarter valued at $30,000. Laidlaw Wealth Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 20,306.8% during the 2nd quarter. Laidlaw Wealth Management LLC now owns 2,810,830 shares of the financial services provider’s stock worth $30,000 after buying an additional 2,797,056 shares during the last quarter. Provident Wealth Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $34,000. FAI Wealth Management grew its stake in JPMorgan Chase & Co. by 317.0% in the 2nd quarter. FAI Wealth Management now owns 417 shares of the financial services provider’s stock valued at $39,000 after buying an additional 317 shares during the last quarter. Finally, Bay Harbor Wealth Management LLC grew its stake in JPMorgan Chase & Co. by 18.3% in the 2nd quarter. Bay Harbor Wealth Management LLC now owns 692 shares of the financial services provider’s stock valued at $65,000 after buying an additional 107 shares during the last quarter. 69.35% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently issued reports on JPM shares. Atlantic Securities upgraded JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating and set a $120.00 price objective for the company in a report on Wednesday, July 22nd. TheStreet upgraded JPMorgan Chase & Co. from a “c” rating to a “b-” rating in a research note on Tuesday, August 4th. Independent Research upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and increased their price objective for the stock from $100.00 to $110.00 in a research report on Tuesday, September 29th. DA Davidson raised shares of JPMorgan Chase & Co. from a “neutral” rating to a “buy” rating and boosted their target price for the company from $102.00 to $117.00 in a research report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and upped their price target for the company from $105.00 to $115.00 in a research note on Thursday, September 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the company’s stock. JPMorgan Chase & Co. currently has a consensus rating of “Buy” and a consensus price target of $111.59.
Shares of JPMorgan Chase & Co. stock opened at $101.51 on Friday. The firm’s 50 day moving average is $99.36 and its 200 day moving average is $96.79. The firm has a market capitalization of $309.36 billion, a PE ratio of 13.27, a price-to-earnings-growth ratio of 3.16 and a beta of 1.15. JPMorgan Chase & Co. has a 1 year low of $76.91 and a 1 year high of $141.10. 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 issued its earnings results on Monday, October 19th. The financial services provider reported $2.92 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.69. The firm had revenue of $29.90 billion for the quarter, compared to analyst estimates 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 quarterly revenue was up 4.0% on a year-over-year basis. During the same quarter last year, the business posted $2.68 earnings per share. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 6.48 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, October 31st. Investors of record on Tuesday, October 6th will be issued a dividend of $0.90 per share. This represents a $3.60 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Monday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 34.35%.
About JPMorgan Chase & Co.
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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