JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Lifted by Foundations Investment Advisors LLC

Posted by Defense World Staff on Mar 20th, 2023

Foundations Investment Advisors LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 104.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 35,610 shares of the financial services provider’s stock after buying an additional 18,218 shares during the period. Foundations Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $4,775,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of JPMorgan Chase & Co. by 23.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock valued at $3,566,044,000 after purchasing an additional 5,978,393 shares during the last quarter. Public Investment Fund bought a new position in JPMorgan Chase & Co. during the 2nd quarter worth $433,667,000. Barclays PLC grew its stake in JPMorgan Chase & Co. by 77.8% during the 3rd quarter. Barclays PLC now owns 8,071,119 shares of the financial services provider’s stock worth $843,433,000 after buying an additional 3,531,637 shares during the last quarter. Franklin Resources Inc. increased its position in JPMorgan Chase & Co. by 21.1% in the second quarter. Franklin Resources Inc. now owns 19,739,048 shares of the financial services provider’s stock worth $2,222,815,000 after buying an additional 3,435,522 shares during the period. Finally, Vanguard Group Inc. lifted its stake in JPMorgan Chase & Co. by 1.1% in the third quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock valued at $28,480,408,000 after buying an additional 2,918,554 shares during the last quarter. Institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Trading Down 3.8 %

JPMorgan Chase & Co. stock opened at $125.81 on Monday. The firm has a market cap of $370.30 billion, a price-to-earnings ratio of 10.41, a price-to-earnings-growth ratio of 2.03 and a beta of 1.12. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $144.34. The firm’s 50 day moving average price is $139.06 and its two-hundred day moving average price is $129.42. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.11 by $0.46. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The business had revenue of $34.55 billion for the quarter, compared to analysts’ expectations of $34.23 billion. During the same period in the previous year, the firm posted $3.33 EPS. The company’s quarterly revenue was up 18.1% on a year-over-year basis. On average, research analysts predict that JPMorgan Chase & Co. will post 12.9 EPS for the current fiscal year.

Analyst Ratings Changes

JPM has been the subject of several recent research reports. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a research report on Tuesday, January 17th. Barclays raised their price target on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. StockNews.com initiated coverage on JPMorgan Chase & Co. in a research report on Thursday. They set a “hold” rating for the company. Citigroup raised their target price on JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Finally, Royal Bank of Canada set a $130.00 price target on JPMorgan Chase & Co. in a research report on Friday, January 13th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $150.78.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 23,148 shares of the company’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the sale, the general counsel now directly owns 48,311 shares of the company’s stock, valued at $6,778,516.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Vice Chairman Peter Scher sold 4,399 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total value of $617,267.68. Following the completion of the sale, the insider now owns 36,369 shares in the company, valued at approximately $5,103,298.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Stacey Friedman sold 23,148 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the sale, the general counsel now owns 48,311 shares of the company’s stock, valued at approximately $6,778,516.41. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,887 shares of company stock worth $5,315,762. Company insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

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JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.