Signet Investment Advisory Group Inc. Has $3.81 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Apr 1st, 2023

Signet Investment Advisory Group Inc. grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,431 shares of the financial services provider’s stock after purchasing an additional 312 shares during the period. JPMorgan Chase & Co. comprises about 2.7% of Signet Investment Advisory Group Inc.’s investment portfolio, making the stock its 10th biggest holding. Signet Investment Advisory Group Inc.’s holdings in JPMorgan Chase & Co. were worth $3,813,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of JPM. Cantor Fitzgerald Investment Advisor L.P boosted its stake 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 buying an additional 99,636 shares during the last quarter. BCK Partners Inc. purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth $2,455,000. LSV Asset Management boosted its stake 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 buying an additional 9,800 shares during the last quarter. Wsfs Capital Management LLC lifted its position in JPMorgan Chase & Co. by 70.8% during the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after purchasing an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC lifted its position in JPMorgan Chase & Co. by 1,451.4% during the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 3,527 shares in the last quarter. Institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.2 %

JPM opened at $130.31 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market cap of $383.55 billion, a price-to-earnings ratio of 10.79, a P/E/G ratio of 2.00 and a beta of 1.12. The stock’s 50 day moving average price is $136.94 and its 200-day moving average price is $130.07. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $144.34.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, topping 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 return on equity of 14.68% and a net margin of 24.34%. The business’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm posted $3.33 earnings per share. On average, equities analysts forecast that JPMorgan Chase & Co. will post 12.9 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared 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. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is presently 33.11%.

Insider Transactions at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 23,148 shares of the company’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total value of $3,247,895.88. Following the transaction, the general counsel now directly owns 48,311 shares of the company’s stock, valued at approximately $6,778,516.41. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 4,399 shares of the stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total transaction of $617,267.68. Following the sale, the insider now directly owns 36,369 shares of the company’s stock, valued at approximately $5,103,298.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stacey Friedman sold 23,148 shares of the stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total value of $3,247,895.88. Following the sale, the general counsel now directly owns 48,311 shares in the company, valued at $6,778,516.41. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,887 shares of company stock valued at $5,315,762. Corporate insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on JPM shares. Royal Bank of Canada lowered their target price on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a research report on Friday, March 24th. Morgan Stanley lifted their target price on JPMorgan Chase & Co. from $167.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, February 24th. UBS Group set a $156.00 target price on JPMorgan Chase & Co. in a research report on Friday, January 13th. StockNews.com began coverage on JPMorgan Chase & Co. in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Finally, Deutsche Bank Aktiengesellschaft downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lowered their price objective for the company from $155.00 to $145.00 in a research report on Friday, January 6th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $149.28.

JPMorgan Chase & Co. Company 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.