JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Bank of Stockton

Posted by Defense World Staff on Mar 26th, 2023

Bank of Stockton reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,759 shares of the financial services provider’s stock after selling 98 shares during the period. JPMorgan Chase & Co. accounts for about 1.2% of Bank of Stockton’s holdings, making the stock its 15th biggest position. Bank of Stockton’s holdings in JPMorgan Chase & Co. were worth $3,320,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently modified their holdings of JPM. Essex Savings Bank raised its holdings in JPMorgan Chase & Co. by 1.8% in the 4th quarter. Essex Savings Bank now owns 22,913 shares of the financial services provider’s stock valued at $3,073,000 after acquiring an additional 398 shares during the last quarter. Czech National Bank raised its holdings in JPMorgan Chase & Co. by 0.9% in the 4th quarter. Czech National Bank now owns 343,526 shares of the financial services provider’s stock valued at $46,067,000 after acquiring an additional 3,012 shares during the last quarter. Global Wealth Strategies & Associates acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $71,000. Diversified Trust Co raised its holdings in JPMorgan Chase & Co. by 2.6% in the 4th quarter. Diversified Trust Co now owns 106,147 shares of the financial services provider’s stock valued at $14,234,000 after acquiring an additional 2,676 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. raised its holdings in JPMorgan Chase & Co. by 1.7% in the 4th quarter. Steigerwald Gordon & Koch Inc. now owns 125,749 shares of the financial services provider’s stock valued at $16,863,000 after acquiring an additional 2,137 shares during the last quarter. 67.89% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Down 1.5 %

Shares of JPMorgan Chase & Co. stock opened at $124.91 on Friday. The company has a fifty day moving average price of $137.83 and a 200 day moving average price of $129.78. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $144.34. The stock has a market cap of $367.65 billion, a price-to-earnings 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 announced its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $34.23 billion. During the same period in the prior year, the company earned $3.33 EPS. The firm’s revenue was up 18.1% on a year-over-year basis. Equities research analysts forecast that JPMorgan Chase & Co. will post 12.88 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.20%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 33.11%.

Analyst Ratings Changes

Several brokerages have weighed in on JPM. Citigroup boosted their price target on JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Oppenheimer cut their price target on JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating for the company in a report on Thursday. Royal Bank of Canada lowered their price objective on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a research note on Friday. Barclays boosted their price objective on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. Finally, Piper Sandler boosted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a research note on Tuesday, January 17th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $149.28.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, 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 transaction, 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 filing with the SEC, which is accessible through this link. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 4,399 shares of the company’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 completion of the transaction, the insider now directly owns 36,369 shares of the company’s stock, valued at approximately $5,103,298.08. The transaction was disclosed in a filing with the SEC, which is accessible 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 transaction of $1,450,598.60. Following the completion of 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. In the last three months, insiders sold 37,887 shares of company stock valued at $5,315,762. Company 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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