Todays Report: The Wedgewood Investors Inc. PA reached $216,000 position of JPMorgan Chase & Co. (JPM)

The Wedgewood Investors Inc. PA reached $216,000 position  of JPMorgan Chase & Co. (JPM)

Wedgewood Investors Inc. PA maintained its stake in JPMorgan Chase & Co. (NYSE:JPM) during the second quarter, Holdings Channel reports. The firm owned 3,484 shares of the financial services provider’s stock at the end of the second quarter. Wedgewood Investors Inc. PA’s holdings in JPMorgan Chase & Co. were worth $216,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Thomaspartners Inc. raised its stake in JPMorgan Chase & Co. by 2.8% in the first quarter. Thomaspartners Inc. now owns 2,209,051 shares of the financial services provider’s stock worth $130,820,000 after buying an additional 59,821 shares during the last quarter. Royal Bank of Scotland Group PLC raised its stake in JPMorgan Chase & Co. by 0.6% in the first quarter. Royal Bank of Scotland Group PLC now owns 533,397 shares of the financial services provider’s stock worth $31,588,000 after buying an additional 3,010 shares during the last quarter. Aviva PLC raised its stake in JPMorgan Chase & Co. by 1.4% in the first quarter. Aviva PLC now owns 2,598,743 shares of the financial services provider’s stock worth $153,898,000 after buying an additional 35,131 shares during the last quarter. CIBC World Markets Inc. raised its stake in JPMorgan Chase & Co. by 4.6% in the second quarter. CIBC World Markets Inc. now owns 602,402 shares of the financial services provider’s stock worth $37,433,000 after buying an additional 26,543 shares during the last quarter. Finally, Marathon Asset Management LLP raised its stake in JPMorgan Chase & Co. by 1.9% in the second quarter. Marathon Asset Management LLP now owns 398,477 shares of the financial services provider’s stock worth $24,763,000 after buying an additional 7,247 shares during the last quarter. 73.34% of the stock is owned by institutional investors and hedge funds.

Shares of JPMorgan Chase & Co. (NYSE:JPM) traded up 0.41% on Friday, hitting $68.02. The company’s stock had a trading volume of 8,150,340 shares. JPMorgan Chase & Co. has a one year low of $52.50 and a one year high of $69.06. The firm has a market cap of $245.65 billion, a price-to-earnings ratio of 11.53 and a beta of 1.54. The stock has a 50-day moving average price of $66.99 and a 200 day moving average price of $63.95.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Friday, October 14th. The financial services provider reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.19. JPMorgan Chase & Co. had a net margin of 24.47% and a return on equity of 10.20%. The business had revenue of $25.50 billion for the quarter. During the same period in the previous year, the company earned $1.54 earnings per share. The company’s revenue was up 8.3% compared to the same quarter last year. Equities research analysts predict that JPMorgan Chase & Co. will post $5.66 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 31st. Investors of record on Thursday, October 6th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Tuesday, October 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 32.54%.

JPM has been the subject of a number of research analyst reports. Credit Agricole SA lifted their target price on JPMorgan Chase & Co. from $71.00 to $79.00 and gave the stock a “buy” rating in a report on Friday, September 23rd. Zacks Investment Research downgraded JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 20th. Keefe, Bruyette & Woods restated an “outperform” rating on shares of JPMorgan Chase & Co. in a research note on Tuesday, September 27th. Nomura restated a “hold” rating and issued a $65.00 price target on shares of JPMorgan Chase & Co. in a research note on Thursday, September 29th. Finally, Sandler O’Neill downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $72.00 price target on the stock. in a research note on Thursday, October 6th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-three have given a buy rating to the company’s stock. JPMorgan Chase & Co. currently has an average rating of “Buy” and a consensus price target of $72.25.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company. The Company is engaged in investment banking, financial services. It operates in four segments, as well as a Corporate segment. Its segments are Consumer & Community Banking, Corporate & Investment Bank, Commercial Banking and Asset Management. The Consumer & Community Banking segment serves consumers and businesses through personal service at bank branches and through automatic teller machines, online, mobile and telephone banking.

Related posts

Leave a Comment