Business

SevenBridge Financial Group LLC Buys 793 Shares of JPMorgan Chase & Co. (NYSE:JPM)

SevenBridge Financial Group LLC Buys 793 Shares of JPMorgan Chase & Co. (NYSE:JPM) #SevenBridge #Financial #Group #LLC #Buys #Shares #JPMorgan #Chase #NYSEJPM Welcome to Americanah Blog, here is the new story we have for you today:

You Can Click Here To View Restricted Videos/Images in this Article

SevenBridge Financial Group LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 43,162 shares of the financial services provider’s stock after acquiring an additional 793 shares during the quarter. JPMorgan Chase & Co. accounts for 2.0% of SevenBridge Financial Group LLC’s investment portfolio, making the stock its 10th largest position. SevenBridge Financial Group LLC’s holdings in JPMorgan Chase & Co. were worth $4,860,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in JPMorgan Chase & Co. by 1.4% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 10,278 shares of the financial services provider’s stock worth $1,628,000 after buying an additional 140 shares during the period. Institutional & Family Asset Management LLC increased its position in shares of JPMorgan Chase & Co. by 0.4% in the 4th quarter. Institutional & Family Asset Management LLC now owns 36,585 shares of the financial services provider’s stock valued at $5,793,000 after purchasing an additional 134 shares during the last quarter. Mutual Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 1.7% in the 4th quarter. Mutual Advisors LLC now owns 60,376 shares of the financial services provider’s stock valued at $9,561,000 after purchasing an additional 1,032 shares during the last quarter. Trail Ridge Investment Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $2,119,000. Finally, Nissay Asset Management Corp Japan ADV increased its position in shares of JPMorgan Chase & Co. by 9.6% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 947,375 shares of the financial services provider’s stock valued at $150,017,000 after purchasing an additional 82,952 shares during the last quarter. 68.57% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on JPM shares. Barclays set a $200.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, July 18th. Berenberg Bank raised shares of JPMorgan Chase & Co. from a “sell” rating to a “hold” rating and set a $120.00 price objective on the stock in a research report on Monday, July 18th. UBS Group dropped their price objective on shares of JPMorgan Chase & Co. from $134.00 to $126.00 and set a “buy” rating on the stock in a research report on Friday, July 15th. Royal Bank of Canada set a $130.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 6th. Finally, Credit Suisse Group set a $145.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, August 8th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $145.95.

JPMorgan Chase & Co. Stock Down 2.0 %

Shares of NYSE:JPM opened at $115.83 on Wednesday. The stock has a market cap of $339.68 billion, a P/E ratio of 9.30, a P/E/G ratio of 2.07 and a beta of 1.10. The firm has a fifty day moving average price of $115.96 and a 200 day moving average price of $122.40. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.83 and a quick ratio of 0.83. JPMorgan Chase & Co. has a 1-year low of $106.06 and a 1-year high of $172.96.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last issued its quarterly earnings results on Thursday, July 14th. The financial services provider reported $2.76 earnings per share for the quarter, hitting analysts’ consensus estimates of $2.76. The firm had revenue of $30.72 billion during the quarter, compared to analysts’ expectations of $31.82 billion. JPMorgan Chase & Co. had a net margin of 30.41% and a return on equity of 15.29%. JPMorgan Chase & Co.’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.78 EPS. Sell-side analysts predict that JPMorgan Chase & Co. will post 11.32 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, October 31st. Stockholders of record on Thursday, October 6th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.45%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 32.10%.

About JPMorgan Chase & Co.

(Get Rating)

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 s deposit, investment and lending products, payments, 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, auto loan, and leasing services.

Further Reading

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMGet Rating).

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

Receive News & Ratings for JPMorgan Chase & Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com’s FREE daily email newsletter.

Click Here To Continue Reading from Source

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button