Intergy Private Wealth LLC Takes $362,000 Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by on Mar 29th, 2023

Intergy Private Wealth LLC purchased a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,697 shares of the financial services provider’s stock, valued at approximately $362,000.

A number of other institutional investors have also recently added to or reduced their stakes in JPM. Retirement Financial Solutions LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $26,000. HBC Financial Services PLLC lifted its stake in JPMorgan Chase & Co. by 61.2% during the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Creative Capital Management Investments LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $30,000. Horizons Wealth Management acquired a new stake in JPMorgan Chase & Co. during the second quarter valued at approximately $39,000. Finally, New Millennium Group LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 67.89% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on JPM shares. Oppenheimer reduced their price target 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, March 23rd. Wells Fargo & Company raised 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. Credit Suisse Group set a $155.00 price objective on shares of JPMorgan Chase & Co. in a research note on Monday, February 27th. UBS Group set a $156.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. Finally, Royal Bank of Canada dropped 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, March 24th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus price target of $149.28.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 23,148 shares of the business’s 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 directly owns 48,311 shares of the company’s stock, valued at $6,778,516.41. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 23,148 shares of the company’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total value of $3,247,895.88. Following the completion of the sale, the general counsel now owns 48,311 shares of the company’s stock, valued at $6,778,516.41. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Mary E. Erdoes sold 10,340 shares of the company’s 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 completion of the sale, the chief executive officer now directly owns 544,136 shares of the company’s stock, valued at approximately $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 ninety days. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $128.88 on Wednesday. The firm has a market cap of $379.34 billion, a PE ratio of 10.67, a price-to-earnings-growth ratio of 1.94 and a beta of 1.12. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $144.34. 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’s 50-day moving average price is $137.31 and its two-hundred day moving average price is $130.02.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS 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 firm had revenue of $34.55 billion for the quarter, compared to analyst estimates of $34.23 billion. During the same period in the previous year, the business earned $3.33 earnings per share. The company’s revenue for the quarter was up 18.1% compared to the same quarter last year. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 12.88 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced 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 3.10%. JPMorgan Chase & Co.’s payout ratio is 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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