Aurora Private Wealth Inc. Has $786,000 Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by on Mar 23rd, 2023

Aurora Private Wealth Inc. lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 15.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,859 shares of the financial services provider’s stock after selling 1,043 shares during the quarter. Aurora Private Wealth Inc.’s holdings in JPMorgan Chase & Co. were worth $786,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of JPM. Premier Asset Management LLC grew its stake in JPMorgan Chase & Co. by 1.7% in the 3rd quarter. Premier Asset Management LLC now owns 4,635 shares of the financial services provider’s stock valued at $484,000 after buying an additional 77 shares in the last quarter. Trellis Advisors LLC grew its holdings in JPMorgan Chase & Co. by 2.8% during the 3rd quarter. Trellis Advisors LLC now owns 2,897 shares of the financial services provider’s stock valued at $302,000 after buying an additional 79 shares in the last quarter. Karpas Strategies LLC increased its position in shares of JPMorgan Chase & Co. by 0.4% during the third quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock valued at $2,251,000 after buying an additional 80 shares during the period. Wulff Hansen & CO. lifted its holdings in shares of JPMorgan Chase & Co. by 0.5% in the third quarter. Wulff Hansen & CO. now owns 14,665 shares of the financial services provider’s stock worth $1,532,000 after buying an additional 80 shares in the last quarter. Finally, Commons Capital LLC boosted its position in shares of JPMorgan Chase & Co. by 0.8% in the third quarter. Commons Capital LLC now owns 10,465 shares of the financial services provider’s stock valued at $1,094,000 after acquiring an additional 82 shares during the period. Institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Trading Down 2.6 %

NYSE:JPM opened at $127.18 on Thursday. The firm has a market capitalization of $374.34 billion, a P/E ratio of 10.53, a PEG ratio of 1.95 and a beta of 1.12. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $144.34. The company’s 50-day simple moving average is $138.45 and its 200 day simple moving average is $129.61.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 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 firm 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 business’s revenue for the quarter was up 18.1% compared to the same quarter last year. As a group, analysts forecast that JPMorgan Chase & Co. will post 12.9 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th will be given a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 3.15%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 33.11%.

Analysts Set New Price Targets

Several research firms have issued reports on JPM. Morgan Stanley increased their target price on shares of JPMorgan Chase & Co. from $167.00 to $173.00 and gave the stock an “overweight” rating in a research note on Friday, February 24th. Barclays increased their price objective on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Royal Bank of Canada set a $130.00 target price on JPMorgan Chase & Co. in a research report on Friday, January 13th. UBS Group set a $156.00 price target on JPMorgan Chase & Co. in a report on Friday, January 13th. Finally, Credit Suisse Group set a $155.00 price target on JPMorgan Chase & Co. in a research report on Monday, February 27th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $150.78.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 23,148 shares of the firm’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 in the company, valued at approximately $6,778,516.41. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other JPMorgan Chase & Co. news, Director Mellody L. Hobson purchased 375 shares of the stock in a transaction dated Thursday, January 19th. The shares were purchased at an average cost of $134.53 per share, with a total value of $50,448.75. Following the completion of the acquisition, the director now directly owns 22,040 shares in the company, valued at approximately $2,965,041.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Stacey Friedman sold 23,148 shares of the stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total value of $3,247,895.88. Following the sale, the general counsel now directly owns 48,311 shares in the company, valued at $6,778,516.41. The disclosure for this sale can be found here. Insiders have sold a total of 37,887 shares of company stock worth $5,315,762 in the last quarter. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Profile

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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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