B. Riley Wealth Advisors Inc. decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 15.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 119,979 shares of the financial services provider's stock after selling 21,425 shares during the quarter. JPMorgan Chase & Co. makes up about 0.7% of B. Riley Wealth Advisors Inc.'s investment portfolio, making the stock its 18th largest position. B. Riley Wealth Advisors Inc.'s holdings in JPMorgan Chase & Co. were worth $25,051,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Legacy Wealth Management LLC MS raised its stake in shares of JPMorgan Chase & Co. by 3.9% in the third quarter. Legacy Wealth Management LLC MS now owns 13,168 shares of the financial services provider's stock worth $2,777,000 after acquiring an additional 500 shares during the last quarter. DGS Capital Management LLC bought a new stake in shares of JPMorgan Chase & Co. during the third quarter worth approximately $208,000. Garden State Investment Advisory Services LLC lifted its holdings in JPMorgan Chase & Co. by 2.3% in the third quarter. Garden State Investment Advisory Services LLC now owns 4,189 shares of the financial services provider's stock valued at $887,000 after buying an additional 96 shares during the period. Copley Financial Group Inc. acquired a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $670,000. Finally, Oddo BHF Asset Management Sas bought a new position in JPMorgan Chase & Co. in the third quarter valued at approximately $6,031,000. Institutional investors and hedge funds own 71.55% of the company's stock.
JPM stock opened at $239.93 on Friday. JPMorgan Chase & Co. has a one year low of $161.71 and a one year high of $254.31. The stock has a market cap of $675.48 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. The company has a fifty day moving average price of $234.09 and a two-hundred day moving average price of $216.64. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89.
JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.35. The firm had revenue of $43.32 billion for the quarter, compared to analysts' expectations of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The business's revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the firm earned $4.33 EPS. Equities analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 2.08%. JPMorgan Chase & Co.'s payout ratio is currently 27.82%.
Several analysts have commented on JPM shares. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $235.00 target price on shares of JPMorgan Chase & Co. in a research report on Tuesday, September 3rd. Daiwa Capital Markets dropped their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an "overweight" rating for the company in a report on Thursday, October 10th. Royal Bank of Canada raised their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a report on Monday, October 14th. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Finally, Baird R W downgraded shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company's stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of "Hold" and a consensus target price of $234.81.
Check Out Our Latest Research Report on 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, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.
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