Diversified Trust Co Has $14.23 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Mar 26th, 2023

Diversified Trust Co increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 106,147 shares of the financial services provider’s stock after acquiring an additional 2,676 shares during the quarter. JPMorgan Chase & Co. comprises 0.6% of Diversified Trust Co’s holdings, making the stock its 26th largest holding. Diversified Trust Co’s holdings in JPMorgan Chase & Co. were worth $14,234,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in JPM. Cantor Fitzgerald Investment Advisor L.P grew its holdings in JPMorgan Chase & Co. by 81.1% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after acquiring an additional 99,636 shares during the period. BCK Partners Inc. bought a new stake in shares of JPMorgan Chase & Co. during the 1st quarter valued at about $2,455,000. LSV Asset Management grew its stake in JPMorgan Chase & Co. by 35.6% during the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after purchasing an additional 9,800 shares during the period. Wsfs Capital Management LLC increased its holdings in 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 worth $575,000 after purchasing an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC lifted its stake in JPMorgan Chase & Co. by 1,451.4% in the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after buying an additional 3,527 shares during the period. 67.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JPM. Wells Fargo & Company upgraded shares of JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $148.00 to $155.00 in a research note on Monday, March 13th. Deutsche Bank Aktiengesellschaft cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their price target for the stock from $155.00 to $145.00 in a report on Friday, January 6th. StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a report on Thursday, March 16th. They set a “hold” rating on the stock. Morgan Stanley raised their target price 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. Finally, Oppenheimer decreased their target price on JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating for the company in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $149.28.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $124.91 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. The stock’s fifty day simple moving average is $137.83 and its two-hundred day simple moving average is $129.78. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $144.34. The stock has a market cap 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.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly 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 company had revenue of $34.55 billion for the quarter, compared to analyst estimates of $34.23 billion. During the same period last year, the firm earned $3.33 earnings per share. The firm’s revenue was up 18.1% on a year-over-year basis. As a group, analysts forecast that JPMorgan Chase & Co. will post 12.88 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend 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 payout ratio is presently 33.11%.

Insider Activity

In related news, Vice Chairman Peter Scher sold 4,399 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total transaction of $617,267.68. Following the sale, the insider now directly owns 36,369 shares in the company, valued at $5,103,298.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 4,399 shares of the business’s 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 transaction, the insider now directly owns 36,369 shares in the company, valued at $5,103,298.08. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Mary E. Erdoes sold 10,340 shares of the 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 transaction, the chief executive officer now directly owns 544,136 shares of the company’s stock, valued at $76,336,839.44. The disclosure for this sale can be found here. Insiders sold a total of 37,887 shares of company stock valued at $5,315,762 over the last three months. Corporate insiders own 0.79% of the company’s stock.

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.