Aristotle Capital Management LLC Sells 293 Shares of JPMorgan Chase & Co. (NYSE:JPM)

by · The Cerbat Gem

Aristotle Capital Management LLC lowered its position in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,159 shares of the financial services provider’s stock after selling 293 shares during the period. Aristotle Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,914,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Bank Julius Baer & Co. Ltd Zurich grew its holdings in shares of JPMorgan Chase & Co. by 97,681.8% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,056,747,063 shares of the financial services provider’s stock valued at $299,133,293,000 after buying an additional 2,054,643,659 shares during the period. Moneta Group Investment Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 105,652.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after purchasing an additional 97,907,897 shares during the last quarter. Norges Bank acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $3,894,646,000. Morgan Stanley grew its stake in JPMorgan Chase & Co. by 15.9% in the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after buying an additional 8,088,433 shares during the last quarter. Finally, Providence Capital Advisors LLC grew its stake in JPMorgan Chase & Co. by 13,205.6% in the 1st quarter. Providence Capital Advisors LLC now owns 5,395,818 shares of the financial services provider’s stock valued at $41,407,000 after buying an additional 5,355,265 shares during the last quarter. Institutional investors own 68.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on JPM shares. BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. from $167.00 to $171.00 and gave the stock a “market perform” rating in a report on Monday, October 16th. HSBC started coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, September 7th. They issued a “hold” rating and a $159.00 price objective for the company. Piper Sandler raised their price target on shares of JPMorgan Chase & Co. from $168.00 to $170.00 and gave the company an “overweight” rating in a research note on Monday, October 16th. Odeon Capital Group downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a research note on Thursday, November 2nd. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $158.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, September 8th. Nine investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $168.80.

View Our Latest Analysis on JPMorgan Chase & Co.

JPMorgan Chase & Co. Stock Down 0.4 %

NYSE:JPM traded down $0.67 during trading hours on Wednesday, reaching $157.30. The company had a trading volume of 2,294,369 shares, compared to its average volume of 10,818,341. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.25. The firm has a market cap of $454.76 billion, a price-to-earnings ratio of 9.43, a P/E/G ratio of 1.89 and a beta of 1.13. The business’s 50-day simple moving average is $146.86 and its two-hundred day simple moving average is $146.74. JPMorgan Chase & Co. has a twelve month low of $123.11 and a twelve month high of $159.38.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings results on Friday, October 13th. The financial services provider reported $4.33 EPS for the quarter, topping analysts’ consensus estimates of $3.95 by $0.38. JPMorgan Chase & Co. had a net margin of 22.79% and a return on equity of 17.97%. The business had revenue of $40.69 billion during the quarter, compared to analysts’ expectations of $39.63 billion. During the same period last year, the company posted $3.12 earnings per share. The business’s quarterly revenue was up 24.4% on a year-over-year basis. On average, equities analysts expect that JPMorgan Chase & Co. will post 16.62 earnings per share for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th were paid a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.67%. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. The ex-dividend date was Thursday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.07%.

JPMorgan Chase & Co. Profile

(Free Report)

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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

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