Northside Capital Management LLC Has $919,000 Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Posted by on Mar 24th, 2023

Northside Capital Management LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 6,850 shares of the financial services provider’s stock after buying an additional 127 shares during the period. Northside Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $919,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Creative Capital Management Investments LLC acquired a new stake in JPMorgan Chase & Co. in the 4th quarter valued at approximately $30,000. HBC Financial Services PLLC grew its holdings in JPMorgan Chase & Co. by 61.2% during the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 90 shares during the period. Horizons Wealth Management acquired a new position in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $39,000. New Millennium Group LLC acquired a new position in shares of JPMorgan Chase & Co. in the second quarter valued at $39,000. Finally, Bellwether Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 119.1% during the 3rd quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock worth $51,000 after buying an additional 268 shares during the last quarter. Institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.3 %

Shares of JPM opened at $126.84 on Friday. The firm has a 50 day simple moving average of $138.20 and a two-hundred day simple moving average of $129.59. 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 has a market cap of $373.33 billion, a P/E ratio of 10.50, a P/E/G ratio of 1.97 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $34.55 billion for the quarter, compared to analyst estimates of $34.23 billion. During the same period in the previous year, the firm posted $3.33 EPS. The firm’s revenue was up 18.1% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 12.9 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th will be paid 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 currently 33.11%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JPM. Deutsche Bank Aktiengesellschaft cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lowered their price target for the company from $155.00 to $145.00 in a report on Friday, January 6th. Morgan Stanley boosted their price target on JPMorgan Chase & Co. from $167.00 to $173.00 and gave the company 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. UBS Group set a $156.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday, January 13th. Finally, Oppenheimer lowered their price target on shares of JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating on the stock in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average price target of $149.17.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 10,340 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 544,136 shares of the company’s stock, valued at approximately $76,336,839.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Mellody L. Hobson bought 375 shares of the stock in a transaction that occurred on Thursday, January 19th. The stock was acquired at an average cost of $134.53 per share, with a total value of $50,448.75. Following the transaction, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.29, for a total value of $1,450,598.60. Following the completion of the sale, 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 sold a total of 37,887 shares of company stock worth $5,315,762 in the last quarter. 0.79% of the stock is owned by 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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