Allied Investment Advisors LLC Grows Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Mar 23rd, 2023

Allied Investment Advisors LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 69,447 shares of the financial services provider’s stock after acquiring an additional 2,149 shares during the quarter. JPMorgan Chase & Co. comprises 2.9% of Allied Investment Advisors LLC’s holdings, making the stock its 10th largest position. Allied Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $9,313,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. HBC Financial Services PLLC raised its holdings in JPMorgan Chase & Co. by 61.2% in the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 90 shares during the period. Creative Capital Management Investments LLC bought a new position in JPMorgan Chase & Co. in the 4th quarter valued at about $30,000. Grayhawk Investment Strategies Inc. bought a new position in shares of JPMorgan Chase & Co. during the second quarter worth approximately $32,000. Horizons Wealth Management bought a new position in shares of JPMorgan Chase & Co. during the second quarter worth approximately $39,000. Finally, New Millennium Group LLC bought a new position in shares of JPMorgan Chase & Co. during the second quarter worth approximately $39,000. 67.89% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on JPM. Wells Fargo & Company raised shares of JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $148.00 to $155.00 in a report on Monday, March 13th. StockNews.com began coverage on shares of JPMorgan Chase & Co. in a report on Thursday, March 16th. They set a “hold” rating on the stock. Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a report on Tuesday, January 17th. UBS Group set a $156.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. Finally, Barclays raised their target price on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Six analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $150.78.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $127.18 on Thursday. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $144.34. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market capitalization of $374.34 billion, a P/E ratio of 10.53, a P/E/G ratio of 1.95 and a beta of 1.12. The company’s 50 day moving average price is $138.45 and its two-hundred day moving average price is $129.61.

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 for the quarter, beating 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 firm had revenue of $34.55 billion for the quarter, compared to analyst estimates of $34.23 billion. During the same quarter last year, the business posted $3.33 earnings per share. The company’s quarterly revenue was up 18.1% on a year-over-year basis. On average, equities analysts forecast that JPMorgan Chase & Co. will post 12.9 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CEO Mary E. Erdoes sold 10,340 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the transaction, the chief executive officer now owns 544,136 shares in the company, valued at $76,336,839.44. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Vice Chairman Peter Scher sold 4,399 shares of JPMorgan Chase & Co. stock in a transaction 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 transaction, the insider now owns 36,369 shares in the company, valued at $5,103,298.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Mary E. Erdoes sold 10,340 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the transaction, the chief executive officer now owns 544,136 shares in the company, valued at approximately $76,336,839.44. The disclosure for this sale can be found here. Insiders have sold 37,887 shares of company stock worth $5,315,762 over 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.

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

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