S.E.E.D. Planning Group LLC Buys 921 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Mar 31st, 2023

S.E.E.D. Planning Group LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 5.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,471 shares of the financial services provider’s stock after buying an additional 921 shares during the period. S.E.E.D. Planning Group LLC’s holdings in JPMorgan Chase & Co. were worth $2,209,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Aptus Capital Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 11.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 153,622 shares of the financial services provider’s stock valued at $16,054,000 after purchasing an additional 15,607 shares during the last quarter. Leisure Capital Management grew its holdings in shares of JPMorgan Chase & Co. by 2.7% during the 3rd quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider’s stock valued at $2,376,000 after purchasing an additional 600 shares during the last quarter. Ballentine Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 12.4% during the 3rd quarter. Ballentine Partners LLC now owns 51,929 shares of the financial services provider’s stock valued at $5,427,000 after purchasing an additional 5,719 shares during the last quarter. Argus Investors Counsel Inc. grew its holdings in shares of JPMorgan Chase & Co. by 0.6% during the 4th quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock valued at $3,256,000 after purchasing an additional 149 shares during the last quarter. Finally, BerganKDV Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 6.1% during the 3rd quarter. BerganKDV Wealth Management LLC now owns 35,995 shares of the financial services provider’s stock valued at $3,762,000 after purchasing an additional 2,079 shares during the last quarter. Institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.3 %

Shares of NYSE JPM opened at $128.75 on Friday. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 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 50-day moving average of $137.04 and a 200 day moving average of $130.00. The stock has a market cap of $378.96 billion, a P/E ratio of 10.66, a price-to-earnings-growth ratio of 1.99 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, topping the consensus estimate 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 business had revenue of $34.55 billion for the quarter, compared to analyst estimates of $34.23 billion. During the same quarter in the previous year, the firm posted $3.33 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 18.1% on a year-over-year basis. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 12.9 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.11%. The ex-dividend date is Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is currently 33.11%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on JPM shares. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a report on Thursday, March 16th. They set a “hold” rating on the stock. Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a research report on Tuesday, January 17th. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Deutsche Bank Aktiengesellschaft cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and dropped their price target for the company from $155.00 to $145.00 in a research report on Friday, January 6th. Finally, UBS Group set a $156.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, January 13th. Six 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. presently has a consensus rating of “Moderate Buy” and an average 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 dated 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 sale, the general counsel now 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 Securities & Exchange Commission, which is available at this hyperlink. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 23,148 shares of JPMorgan Chase & Co. stock in a transaction dated 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 transaction, the general counsel now directly owns 48,311 shares of the company’s stock, valued at $6,778,516.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mellody L. Hobson bought 375 shares of the firm’s stock in a transaction on 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 acquisition, the director now directly owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The disclosure for this purchase can be found here. Insiders have sold 37,887 shares of company stock valued at $5,315,762 over the last quarter. 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.