Intrua Financial LLC Buys 332 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by on Apr 1st, 2023

Intrua Financial LLC lifted its stake in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,350 shares of the financial services provider’s stock after buying an additional 332 shares during the period. Intrua Financial LLC’s holdings in JPMorgan Chase & Co. were worth $1,395,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Engrave Wealth Partners LLC raised its position in JPMorgan Chase & Co. by 35.7% during the fourth quarter. Engrave Wealth Partners LLC now owns 4,236 shares of the financial services provider’s stock valued at $579,000 after purchasing an additional 1,115 shares in the last quarter. Boston Trust Walden Corp increased its holdings in shares of JPMorgan Chase & Co. by 5.7% during the fourth quarter. Boston Trust Walden Corp now owns 1,315,577 shares of the financial services provider’s stock worth $176,419,000 after buying an additional 70,927 shares in the last quarter. Chesley Taft & Associates LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.3% during the fourth quarter. Chesley Taft & Associates LLC now owns 208,537 shares of the financial services provider’s stock worth $27,965,000 after buying an additional 699 shares in the last quarter. Western Financial Corp CA acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth $230,000. Finally, Nvest Financial LLC increased its holdings in shares of JPMorgan Chase & Co. by 4.8% during the fourth quarter. Nvest Financial LLC now owns 13,635 shares of the financial services provider’s stock worth $1,829,000 after buying an additional 620 shares in the last quarter. 67.89% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Trading Up 1.2 %

Shares of JPM stock opened at $130.31 on Friday. The company has a 50 day moving average of $136.94 and a 200-day moving average of $130.07. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $144.34. The firm has a market cap of $383.55 billion, a P/E ratio of 10.79, a PEG ratio of 2.00 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, beating 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 firm had revenue of $34.55 billion during the quarter, compared to the consensus estimate of $34.23 billion. During the same period last year, the firm earned $3.33 EPS. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 12.9 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be given a $1.00 dividend. 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 33.11%.

Insider Buying and Selling at JPMorgan Chase & Co.

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

Analyst Upgrades and Downgrades

JPM has been the subject of a number of recent research reports. UBS Group set a $156.00 price objective on JPMorgan Chase & Co. in a report on Friday, January 13th. Piper Sandler increased their price objective on JPMorgan Chase & Co. from $150.00 to $157.00 in a report on Tuesday, January 17th. StockNews.com initiated coverage on JPMorgan Chase & Co. in a report on Thursday, March 16th. They issued a “hold” rating for the company. Credit Suisse Group set a $155.00 price objective on JPMorgan Chase & Co. in a report on Monday, February 27th. Finally, Oppenheimer decreased their price objective on JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating for the company in a report on Thursday, March 23rd. Six investment 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, the company currently 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.

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

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