Astoria Portfolio Advisors LLC. Has $624,000 Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Posted by on Apr 5th, 2023

Astoria Portfolio Advisors LLC. lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 27.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,621 shares of the financial services provider’s stock after selling 1,770 shares during the period. Astoria Portfolio Advisors LLC.’s holdings in JPMorgan Chase & Co. were worth $624,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of JPM. Retirement Financial Solutions LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter worth approximately $26,000. HBC Financial Services PLLC grew 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 worth $27,000 after acquiring an additional 90 shares in the last quarter. Creative Capital Management Investments LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $30,000. Horizons Wealth Management acquired a new stake in shares of JPMorgan Chase & Co. in the 2nd quarter valued at $39,000. Finally, New Millennium Group LLC bought a new stake in JPMorgan Chase & Co. in the second quarter worth $39,000. 67.89% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Down 1.3 %

JPM opened at $128.42 on Wednesday. The company has a market capitalization of $377.99 billion, a P/E ratio of 10.63, a P/E/G ratio of 2.02 and a beta of 1.10. 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’s fifty day moving average price is $136.60 and its two-hundred day moving average price is $130.43. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $144.34.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share 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 business had revenue of $34.55 billion for the quarter, compared to analyst estimates of $34.23 billion. During the same period in the previous year, the business earned $3.33 EPS. The firm’s revenue was up 18.1% on a year-over-year basis. On average, analysts anticipate that JPMorgan Chase & Co. will post 12.9 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.11%. JPMorgan Chase & Co.’s payout ratio is presently 33.11%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on JPM. Piper Sandler boosted their price target on JPMorgan Chase & Co. from $150.00 to $157.00 in a research report on Tuesday, January 17th. Barclays boosted their target price on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Credit Suisse Group set a $155.00 price target on JPMorgan Chase & Co. in a report on Monday, February 27th. 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. Finally, Royal Bank of Canada lowered their target price 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. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average target price of $149.28.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 4,399 shares of the company’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total value of $617,267.68. Following the sale, the insider now directly owns 36,369 shares in the company, valued at $5,103,298.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Mary E. Erdoes sold 10,340 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Peter Scher sold 4,399 shares of the firm’s stock in a transaction on 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 directly owns 36,369 shares of the company’s stock, valued at $5,103,298.08. The disclosure for this sale can be found here. Insiders sold 37,887 shares of company stock worth $5,315,762 in the last 90 days. 0.79% of the stock is owned by company insiders.

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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