Czech National Bank Raises Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Mar 26th, 2023

Czech National Bank grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 343,526 shares of the financial services provider’s stock after purchasing an additional 3,012 shares during the period. JPMorgan Chase & Co. makes up about 1.2% of Czech National Bank’s holdings, making the stock its 10th biggest position. Czech National Bank’s holdings in JPMorgan Chase & Co. were worth $46,067,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of JPM. Aptus Capital Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 11.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 153,622 shares of the financial services provider’s stock valued at $16,054,000 after purchasing an additional 15,607 shares in the last quarter. Leisure Capital Management increased its stake in shares of JPMorgan Chase & Co. by 2.7% in the 3rd quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider’s stock worth $2,376,000 after acquiring an additional 600 shares in the last quarter. Ballentine Partners LLC increased its stake in shares of JPMorgan Chase & Co. by 12.4% in the 3rd quarter. Ballentine Partners LLC now owns 51,929 shares of the financial services provider’s stock worth $5,427,000 after acquiring an additional 5,719 shares in the last quarter. BerganKDV Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 6.1% during the 3rd quarter. BerganKDV Wealth Management LLC now owns 35,995 shares of the financial services provider’s stock valued at $3,762,000 after purchasing an additional 2,079 shares in the last quarter. Finally, Busey Wealth Management increased its stake in JPMorgan Chase & Co. by 1.4% during the 3rd quarter. Busey Wealth Management now owns 242,758 shares of the financial services provider’s stock valued at $25,369,000 after purchasing an additional 3,357 shares in the last quarter. Institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Stock Down 1.5 %

Shares of JPM opened at $124.91 on Friday. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $144.34. The company has a market capitalization of $367.65 billion, a PE ratio of 10.34, a price-to-earnings-growth ratio of 1.97 and a beta of 1.12. The stock has a fifty day simple moving average of $137.83 and a two-hundred day simple moving average of $129.78. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12.

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 (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 business had revenue of $34.55 billion during the quarter, compared to the consensus estimate of $34.23 billion. During the same period last year, the company earned $3.33 EPS. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 12.88 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is 33.11%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on JPM. StockNews.com started coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, March 16th. They set a “hold” rating for the company. Deutsche Bank Aktiengesellschaft downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $155.00 to $145.00 in a report on Friday, January 6th. Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a research note on Tuesday, January 17th. UBS Group set a $156.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. Finally, Oppenheimer reduced their price objective 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 analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $149.28.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 375 shares of the business’s stock in a transaction that occurred on Thursday, January 19th. The stock was purchased at an average cost of $134.53 per share, with a total value of $50,448.75. Following the transaction, 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 SEC, which is available at this link. In related news, General Counsel Stacey Friedman sold 23,148 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the transaction, the general counsel now directly owns 48,311 shares in the company, valued at approximately $6,778,516.41. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mellody L. Hobson bought 375 shares of the stock in a transaction that occurred 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 completion of the acquisition, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 37,887 shares of company stock valued at $5,315,762. 0.79% of the stock is currently owned by insiders.

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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