AMI Asset Management Corp Has $1.12 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Posted by on Mar 26th, 2023

AMI Asset Management Corp raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 48.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,319 shares of the financial services provider’s stock after purchasing an additional 2,725 shares during the quarter. AMI Asset Management Corp’s holdings in JPMorgan Chase & Co. were worth $1,116,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Cantor Fitzgerald Investment Advisor L.P raised its holdings in shares of JPMorgan Chase & Co. by 81.1% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after purchasing an additional 99,636 shares during the last quarter. BCK Partners Inc. purchased a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $2,455,000. LSV Asset Management boosted its stake in shares of JPMorgan Chase & Co. by 35.6% in the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after buying an additional 9,800 shares during the last quarter. Wsfs Capital Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 70.8% in the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after acquiring an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC increased its position in shares of JPMorgan Chase & Co. by 1,451.4% during the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 3,527 shares during the last quarter. Institutional investors own 67.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on JPM shares. Barclays upped their price objective on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. Royal Bank of Canada reduced their price target on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a research report on Friday. Citigroup lifted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Oppenheimer reduced their target price on shares of JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Wells Fargo & Company raised shares of JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $148.00 to $155.00 in a report on Monday, March 13th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and an average price target of $149.28.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 375 shares of the company’s stock in a transaction that occurred on Thursday, January 19th. The stock was bought at an average price of $134.53 per share, with a total value of $50,448.75. Following the completion of the purchase, the director now owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other JPMorgan Chase & Co. news, Director Mellody L. Hobson purchased 375 shares of the stock in a transaction on Thursday, January 19th. The shares were purchased at an average price of $134.53 per share, with a total value of $50,448.75. Following the acquisition, the director now directly owns 22,040 shares in the company, valued at approximately $2,965,041.20. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Peter Scher sold 4,399 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total value of $617,267.68. Following the sale, the insider now owns 36,369 shares of the company’s stock, valued at approximately $5,103,298.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 37,887 shares of company stock valued at $5,315,762. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Stock Down 1.5 %

Shares of NYSE JPM opened at $124.91 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. The company has a market cap of $367.65 billion, a P/E ratio of 10.34, a P/E/G ratio of 1.97 and a beta of 1.12. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $144.34. The business has a 50-day simple moving average of $137.83 and a two-hundred day simple moving average of $129.78.

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, topping analysts’ consensus estimates of $3.11 by $0.46. The firm had revenue of $34.55 billion for the quarter, compared to the consensus estimate of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.33 earnings per share. Research analysts anticipate that JPMorgan Chase & Co. will post 12.88 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company 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 dividend of $1.00 per share. The ex-dividend date is Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.20%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 33.11%.

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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