Beaumont Asset Management L.L.C. Acquires 83 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Mar 28th, 2023

Beaumont Asset Management L.L.C. raised its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,089 shares of the financial services provider’s stock after buying an additional 83 shares during the quarter. Beaumont Asset Management L.L.C.’s holdings in JPMorgan Chase & Co. were worth $816,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cantor Fitzgerald Investment Advisor L.P grew its holdings in shares of JPMorgan Chase & Co. by 81.1% in 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 purchasing an additional 99,636 shares during the last quarter. BCK Partners Inc. bought a new stake in shares of JPMorgan Chase & Co. in the 1st quarter worth about $2,455,000. LSV Asset Management grew its holdings 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 purchasing 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 1st 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 during the last quarter. Finally, Lumature Wealth Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 3,527 shares during the last quarter. Institutional investors own 67.89% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In related news, 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 value of $1,450,598.60. Following the sale, the chief executive officer now directly owns 544,136 shares in the company, valued at approximately $76,336,839.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, 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 value of $1,450,598.60. Following the sale, the chief executive officer now directly owns 544,136 shares in the company, valued at approximately $76,336,839.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 23,148 shares of the stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the sale, the general counsel now owns 48,311 shares in the company, valued at $6,778,516.41. The disclosure for this sale can be found here. Insiders have sold 37,887 shares of company stock worth $5,315,762 in the last ninety days. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPMorgan Chase & Co. stock opened at $128.49 on Tuesday. 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 1 year low of $101.28 and a 1 year high of $144.34. The company has a market cap of $378.19 billion, a PE ratio of 10.64, a PEG ratio of 1.94 and a beta of 1.12. The company’s 50-day moving average is $137.54 and its two-hundred day moving average is $129.95.

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, beating analysts’ consensus estimates of $3.11 by $0.46. The business 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%. JPMorgan Chase & Co.’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period last year, the company posted $3.33 EPS. Equities analysts anticipate that JPMorgan Chase & Co. will post 12.88 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company 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 $1.00 dividend. The ex-dividend date is Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.11%. JPMorgan Chase & Co.’s dividend payout ratio is 33.11%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on JPM shares. Piper Sandler upped their target price on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a report on Tuesday, January 17th. Deutsche Bank Aktiengesellschaft lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lowered their target price for the stock from $155.00 to $145.00 in a report on Friday, January 6th. Citigroup increased their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Morgan Stanley increased their price objective on shares of JPMorgan Chase & Co. from $167.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, February 24th. Finally, Royal Bank of Canada decreased their price objective on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a report on Friday. Six research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $149.28.

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.