Several large investors have changed their shares in JPMorgan Chase & Co. Ashburton Jersey Ltd bought new shares worth around $18.23 million in Q2. Greater Midwest Financial Group increased its holdings by 6.6%, owning 10,413 shares valued at $2.19 million. Centaurus Financial raised its stake by 17.8%, now having 38,968 shares worth $7.88 million. Anchor Investment Management increased its position by 3.1%, now owning 39,993 shares valued at $8.09 million. Lastly, Verity & Verity LLC raised its holdings by 1.9%, now holding 110,916 shares valued at $22.43 million. Overall, institutional investors hold 71.55% of the companys stock.
JPMorgan Chase & Co. Stock Performance
NYSE JPM opened at $207.24 on Thursday, with a market cap of $595.12 billion. Its price-to-earnings ratio is 11.56. The 50-day moving average is $211.39, and the 200-day moving average is $202.88. The stock’s 12-month low is $135.19, and the high is $225.48.
JPMorgan Chase & Co. released its quarterly earnings on July 12, reporting $6.12 EPS, exceeding estimates of $4.19. The quarterly revenue was $50.80 billion, surpassing forecasts of $42.23 billion. Their return on equity was 17.26%, with a net margin of 20.32%. Analysts expect an EPS of 16.72 for the current year.
Dividend Increase
The company announced a quarterly dividend of $1.25 per share, payable on October 31, up from $1.15. This results in an annualized dividend of $5.00, with a yield of 2.41%. The ex-dividend date is October 4.
Analyst Opinions
Brokerages have recently updated their views on JPM. Wells Fargo raised the price target to $225 with an overweight rating. Oppenheimer lifted its target to $234 with an outperform rating. Morgan Stanley downgraded from overweight to equal weight but increased the target price to $224. Wolfe Research lowered its rating to peer perform. Overall, 9 analysts recommend holding the stock, while 10 recommend buying, giving it a consensus rating of Moderate Buy and an average target price of $212.13.
Check Out Our Latest Report on JPMorgan Chase & Co.
Company Profile
JPMorgan Chase & Co. is a global financial services company operating in four segments: Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking, and Asset & Wealth Management. They provide a range of services including deposits, loans, and investment products through various banking channels.
Recommended Stories
- Five stocks we like better than JPMorgan Chase & Co.
- Top Biotech Stocks: Exploring Innovation Opportunities
- S&P 500 Hitting Resistance: These 3 Stocks Offer the Best Upside
- 3 Healthcare Dividend Stocks to Buy
- Nikes Post-Earnings Drop Presents a Buying Opportunity
- What is the Nikkei 225 index?
- Microsofts Targeted Upside Might Be Too Good to Ignore
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com for the latest updates on JPMorgan Chase & Co. (NYSE:JPM).
Receive News & Ratings for JPMorgan Chase & Co. Daily – Enter your email below to get daily summaries of news and ratings for JPM and related companies with MarketBeat.com’s FREE daily email newsletter.
`
