Defender Capital LLC. Buys New Shares in JPMorgan Chase & Co. (NYSE:JPM)

Posted by on Mar 22nd, 2023

Defender Capital LLC. bought a new stake in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,849 shares of the financial services provider’s stock, valued at approximately $248,000. JPMorgan Chase & Co. accounts for about 0.1% of Defender Capital LLC.’s portfolio, making the stock its 27th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. YHB Investment Advisors Inc. grew its position in JPMorgan Chase & Co. by 2.0% during the 4th quarter. YHB Investment Advisors Inc. now owns 22,350 shares of the financial services provider’s stock worth $2,997,000 after purchasing an additional 434 shares during the period. Marcum Wealth LLC grew its position in JPMorgan Chase & Co. by 1.1% during the 4th quarter. Marcum Wealth LLC now owns 32,989 shares of the financial services provider’s stock worth $4,424,000 after purchasing an additional 373 shares during the period. Smith Chas P & Associates PA Cpas grew its position in JPMorgan Chase & Co. by 0.4% during the 4th quarter. Smith Chas P & Associates PA Cpas now owns 381,881 shares of the financial services provider’s stock worth $51,210,000 after purchasing an additional 1,372 shares during the period. Accuvest Global Advisors grew its position in JPMorgan Chase & Co. by 94.3% during the 4th quarter. Accuvest Global Advisors now owns 21,586 shares of the financial services provider’s stock worth $2,895,000 after purchasing an additional 10,474 shares during the period. Finally, Carmel Capital Management L.L.C. grew its position in JPMorgan Chase & Co. by 1.1% during the 4th quarter. Carmel Capital Management L.L.C. now owns 61,573 shares of the financial services provider’s stock worth $8,257,000 after purchasing an additional 650 shares during the period. 67.89% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on JPM. Oppenheimer increased their price target on JPMorgan Chase & Co. from $177.00 to $186.00 and gave the stock an “outperform” rating in a research report on Thursday, February 2nd. Citigroup raised their target price on JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. UBS Group set a $156.00 target price on JPMorgan Chase & Co. in a research report on Friday, January 13th. Barclays raised their target price on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. Finally, StockNews.com initiated coverage on JPMorgan Chase & Co. in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and an average target price of $150.78.

JPMorgan Chase & Co. Trading Up 2.7 %

Shares of JPMorgan Chase & Co. stock opened at $130.55 on Wednesday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. The firm’s 50-day moving average price is $138.70 and its 200 day moving average price is $129.63. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $144.34. The firm has a market capitalization of $384.25 billion, a PE ratio of 10.81, a P/E/G ratio of 1.95 and a beta of 1.12.

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

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.06%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 33.11%.

Insiders Place Their Bets

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

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.

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

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