Octavia Wealth Advisors LLC Acquires 1,215 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Mar 31st, 2023

Octavia Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 5.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 22,551 shares of the financial services provider’s stock after purchasing an additional 1,215 shares during the period. Octavia Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $3,024,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Premier Asset Management LLC grew its stake in shares of JPMorgan Chase & Co. by 1.7% during the third quarter. Premier Asset Management LLC now owns 4,635 shares of the financial services provider’s stock worth $484,000 after buying an additional 77 shares during the last quarter. Trellis Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 2.8% during the third quarter. Trellis Advisors LLC now owns 2,897 shares of the financial services provider’s stock worth $302,000 after buying an additional 79 shares during the last quarter. Karpas Strategies LLC grew its stake in shares of JPMorgan Chase & Co. by 0.4% during the third quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock worth $2,251,000 after buying an additional 80 shares during the last quarter. Wulff Hansen & CO. grew its stake in shares of JPMorgan Chase & Co. by 0.5% during the third quarter. Wulff Hansen & CO. now owns 14,665 shares of the financial services provider’s stock worth $1,532,000 after buying an additional 80 shares during the last quarter. Finally, LVZ Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.7% during the fourth quarter. LVZ Inc. now owns 4,746 shares of the financial services provider’s stock worth $636,000 after buying an additional 80 shares during the last quarter. Institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.3 %

Shares of JPMorgan Chase & Co. stock opened at $128.75 on Friday. The stock’s 50-day moving average is $137.04 and its 200 day moving average is $130.00. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $144.34. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. The firm has a market cap of $378.96 billion, a price-to-earnings ratio of 10.66, a PEG ratio of 1.99 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted 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 return on equity of 14.68% and a net margin of 24.34%. The business had revenue of $34.55 billion for the quarter, compared to the consensus estimate of $34.23 billion. During the same period in the prior year, the business earned $3.33 EPS. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Equities research analysts anticipate that JPMorgan Chase & Co. will post 12.9 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed 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. This represents a $4.00 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.11%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on JPM. 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 price objective on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. Morgan Stanley boosted their price objective on shares of JPMorgan Chase & Co. from $167.00 to $173.00 and gave the stock an “overweight” rating in a research note on Friday, February 24th. Deutsche Bank Aktiengesellschaft cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $155.00 to $145.00 in a research note on Friday, January 6th. Finally, Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $149.28.

Insider Transactions at JPMorgan Chase & Co.

In related news, Director Mellody L. Hobson acquired 375 shares of the stock in a transaction dated 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 completion of the purchase, the director now directly owns 22,040 shares in the company, valued at approximately $2,965,041.20. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Mellody L. Hobson acquired 375 shares of the stock in a transaction dated 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 completion of the purchase, the director now directly owns 22,040 shares in the company, valued at approximately $2,965,041.20. The purchase was disclosed in a filing with the SEC, which is available 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 stock was sold at an average price of $140.29, for a total value 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 $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. 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.

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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