Hennessy Advisors Inc. Raises Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Samuel Edwards

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Hennessy Advisors Inc. grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 13.9% within the third quarter, in line with its most up-to-date submitting with the Securities & Change Fee. The institutional investor owned 66,300 shares of the monetary providers supplier’s inventory after shopping for a further 8,100 shares in the course of the interval. Hennessy Advisors Inc.’s holdings in JPMorgan Chase & Co. have been price $6,383,000 as of its most up-to-date submitting with the Securities & Change Fee.

A number of different giant traders have additionally modified their holdings of the enterprise. Morgan Stanley grew its stake in shares of JPMorgan Chase & Co. by 6.4% within the 1st quarter. Morgan Stanley now owns 37,812,884 shares of the monetary providers supplier’s inventory price $3,404,295,000 after shopping for a further 2,262,845 shares within the final quarter. Neuberger Berman Group LLC grew its stake in shares of JPMorgan Chase & Co. by 3.0% within the 2nd quarter. Neuberger Berman Group LLC now owns 11,257,504 shares of the monetary providers supplier’s inventory price $1,058,633,000 after shopping for a further 330,733 shares within the final quarter. Nordea Funding Administration AB grew its stake in shares of JPMorgan Chase & Co. by 101.0% within the 2nd quarter. Nordea Funding Administration AB now owns 8,992,678 shares of the monetary providers supplier’s inventory price $840,726,000 after shopping for a further 4,518,458 shares within the final quarter. Principal Monetary Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 1.2% in the course of the 2nd quarter. Principal Monetary Group Inc. now owns 7,418,335 shares of the monetary providers supplier’s inventory price $697,769,000 after buying a further 85,840 shares in the course of the interval. Lastly, Davis Chosen Advisers boosted its stake in shares of JPMorgan Chase & Co. by 1.7% in the course of the 2nd quarter. Davis Chosen Advisers now owns 7,351,742 shares of the monetary providers supplier’s inventory price $691,505,000 after buying a further 120,847 shares in the course of the interval. 69.35% of the inventory is owned by institutional traders and hedge funds.

NYSE:JPM opened at $99.80 on Tuesday. JPMorgan Chase & Co. has a one 12 months low of $76.91 and a one 12 months excessive of $141.10. The corporate has a debt-to-equity ratio of 1.35, a fast ratio of 0.88 and a present ratio of 0.88. The agency has a market cap of $304.15 billion, a P/E ratio of 13.05, a P/E/G ratio of three.16 and a beta of 1.15. The agency has a 50-day easy transferring common of $99.29 and a 200-day easy transferring common of $96.94.

JPMorgan Chase & Co. (NYSE:JPM) final posted its quarterly earnings knowledge on Monday, October nineteenth. The monetary providers supplier reported $2.92 EPS for the quarter, topping the consensus estimate of $2.23 by $0.69. The agency had income of $29.90 billion in the course of the quarter, in comparison with analyst estimates of $28.20 billion. JPMorgan Chase & Co. had a internet margin of 18.16% and a return on fairness of 10.75%. JPMorgan Chase & Co.’s income was up 4.0% on a year-over-year foundation. Throughout the identical quarter within the earlier 12 months, the enterprise posted $2.68 EPS. On common, analysis analysts predict that JPMorgan Chase & Co. will put up 6.48 EPS for the present fiscal 12 months.

The corporate additionally just lately disclosed a quarterly dividend, which will likely be paid on Saturday, October thirty first. Buyers of file on Tuesday, October sixth will likely be paid a dividend of $0.90 per share. The ex-dividend date is Monday, October fifth. This represents a $3.60 annualized dividend and a dividend yield of three.61%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.

JPM has been the topic of a variety of latest analyst studies. DA Davidson raised shares of JPMorgan Chase & Co. from a “impartial” ranking to a “purchase” ranking and lifted their worth goal for the inventory from $102.00 to $117.00 in a analysis observe on Thursday, July ninth. Atlantic Securities raised shares of JPMorgan Chase & Co. from a “impartial” ranking to an “obese” ranking and set a $120.00 worth goal for the corporate in a analysis observe on Wednesday, July twenty second. Credit score Suisse Group reaffirmed a “purchase” ranking and set a $126.00 worth goal (up from $122.00) on shares of JPMorgan Chase & Co. in a analysis observe on Wednesday, October 14th. TheStreet raised shares of JPMorgan Chase & Co. from a “c” ranking to a “b-” ranking in a analysis observe on Tuesday, August 4th. Lastly, Royal Financial institution of Canada reaffirmed a “purchase” ranking and set a $110.00 worth goal on shares of JPMorgan Chase & Co. in a analysis observe on Wednesday, October 14th. One analysis analyst has rated the inventory with a promote ranking, six have given a maintain ranking and seventeen have issued a purchase ranking to the corporate. The corporate has a median ranking of “Purchase” and a consensus goal worth of $111.59.

About JPMorgan Chase & Co.

JPMorgan Chase & Co operates as a monetary providers firm worldwide. It operates by way of 4 segments: Client & Neighborhood Banking (CCB), Company & Funding Financial institution (CIB), Industrial Banking (CB), and Asset & Wealth Administration (AWM). The CCB phase presents deposit and funding services to shoppers; lending, deposit, and money administration and cost options to small companies; mortgage origination and servicing actions; residential mortgages and residential fairness loans; and bank card, cost processing, auto mortgage, and leasing providers.

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

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