Mountain Pacific Investment Advisers Inc. ID Has $3.77 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Apr 3rd, 2023

Mountain Pacific Investment Advisers Inc. ID reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 1.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,136 shares of the financial services provider’s stock after selling 292 shares during the period. Mountain Pacific Investment Advisers Inc. ID’s holdings in JPMorgan Chase & Co. were worth $3,773,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Retirement Financial Solutions LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth $26,000. HBC Financial Services PLLC raised its position in JPMorgan Chase & Co. by 61.2% in the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 90 shares during the last quarter. Creative Capital Management Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $30,000. Horizons Wealth Management bought a new stake in shares of JPMorgan Chase & Co. during the second quarter worth about $39,000. Finally, New Millennium Group LLC acquired a new position in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $39,000. Institutional investors own 67.89% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Mary E. Erdoes sold 10,340 shares of the business’s stock in a transaction dated 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 approximately $76,336,839.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Mary E. Erdoes sold 10,340 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 17th. The shares were 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 owns 544,136 shares of the company’s stock, valued at approximately $76,336,839.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Peter Scher sold 4,399 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total transaction of $617,267.68. Following the completion of the sale, the insider now directly owns 36,369 shares of the company’s stock, valued at approximately $5,103,298.08. The disclosure for this sale can be found here. Insiders sold 37,887 shares of company stock valued at $5,315,762 in the last three months. Corporate insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on JPM. Barclays lifted their target price on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Oppenheimer cut their price target on shares of JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating on the stock in a report on Thursday, March 23rd. Credit Suisse Group set a $155.00 price target on shares of JPMorgan Chase & Co. in a report on Monday, February 27th. Royal Bank of Canada cut their price target on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a report on Friday, March 24th. Finally, Morgan Stanley lifted their price target on shares of JPMorgan Chase & Co. from $167.00 to $173.00 and gave the stock an “overweight” rating in a report on Friday, February 24th. Six investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $149.28.

JPMorgan Chase & Co. Stock Up 1.2 %

JPMorgan Chase & Co. stock opened at $130.31 on Monday. 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’s fifty day moving average is $136.94 and its 200 day moving average is $130.26. The company has a market capitalization of $383.55 billion, a PE ratio of 10.79, a PEG ratio of 2.00 and a beta of 1.12.

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

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Investors 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 yield of 3.07%. The ex-dividend date is Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is 33.11%.

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.