JPMorgan Chase & Co. purchased a new position in shares of Jupai Holdings Ltd (NYSE:JP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 76,716 shares of the asset manager’s stock, valued at approximately $964,000. JPMorgan Chase & Co. owned approximately 0.24% of Jupai as of its most recent filing with the Securities and Exchange Commission (SEC).
Separately, ValuEngine raised shares of Jupai from a “hold” rating to a “buy” rating in a report on Friday.
Shares of Jupai Holdings Ltd (NYSE JP) traded down $1.30 during midday trading on Friday, hitting $20.19. 253,726 shares of the stock were exchanged, compared to its average volume of 383,759. The firm has a market capitalization of $651.94, a PE ratio of 12.16 and a beta of 0.98. Jupai Holdings Ltd has a 1-year low of $7.36 and a 1-year high of $29.00.
Jupai (NYSE:JP) last issued its earnings results on Monday, November 13th. The asset manager reported $0.52 EPS for the quarter. Jupai had a net margin of 24.07% and a return on equity of 24.27%. sell-side analysts anticipate that Jupai Holdings Ltd will post 1.83 earnings per share for the current year.
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Jupai Holdings Limited (Jupai), formerly Jupai Investment Group, is a Cayman Islands-based third-party wealth management service provider. The Company focuses on distributing wealth management products and providing advisory services to individuals in People’s Republic of China (PRC) who have investable assets in excess of three million Renminbi (RMB).
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