JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Delta Investment Management LLC

Posted by Defense World Staff on Apr 1st, 2023

Delta Investment Management LLC reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,468 shares of the financial services provider’s stock after selling 107 shares during the quarter. Delta Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $733,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. 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% in the third quarter. Trellis Advisors LLC now owns 2,897 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 79 shares during the last quarter. Karpas Strategies LLC grew its stake in shares of JPMorgan Chase & Co. by 0.4% in the third quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock worth $2,251,000 after purchasing an additional 80 shares during the last quarter. Wulff Hansen & CO. grew its stake in shares of JPMorgan Chase & Co. by 0.5% in the third quarter. Wulff Hansen & CO. now owns 14,665 shares of the financial services provider’s stock worth $1,532,000 after purchasing an additional 80 shares during the last quarter. Finally, LVZ Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.7% in the fourth quarter. LVZ Inc. now owns 4,746 shares of the financial services provider’s stock worth $636,000 after purchasing an additional 80 shares during the last quarter. Institutional investors own 67.89% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on JPM shares. 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. Oppenheimer reduced their price objective on shares of JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating on the stock in a research note on Thursday, March 23rd. Royal Bank of Canada reduced 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 research note on Friday, March 24th. Morgan Stanley boosted their target price on shares of JPMorgan Chase & Co. from $167.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, February 24th. Finally, Credit Suisse Group set a $155.00 target price on shares of JPMorgan Chase & Co. in a report on Monday, February 27th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $149.28.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 375 shares of the firm’s stock in a transaction dated Thursday, January 19th. The stock was bought at an average cost of $134.53 per share, with a total value of $50,448.75. Following the completion of the transaction, the director now directly owns 22,040 shares in the company, valued at approximately $2,965,041.20. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, 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 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 link. Also, Director Mellody L. Hobson purchased 375 shares of the company’s stock in a transaction that occurred on Thursday, January 19th. The shares were acquired at an average price of $134.53 per share, for a total transaction 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 disclosure for this purchase can be found here. Insiders sold a total of 37,887 shares of company stock valued at $5,315,762 over the last three months. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $130.31 on Friday. The firm’s 50-day moving average price is $136.94 and its 200-day moving average price is $130.07. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $144.34. The firm has a market capitalization of $383.55 billion, a P/E ratio of 10.79, a P/E/G ratio of 2.00 and a beta of 1.12. 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. (NYSE:JPM – Get Rating) last posted its earnings results 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. The company had revenue of $34.55 billion during 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%. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the previous year, the firm posted $3.33 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 12.9 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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