Intelligence Driven Advisers LLC Trims Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Apr 6th, 2023

Intelligence Driven Advisers LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 7.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,927 shares of the financial services provider’s stock after selling 164 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in JPMorgan Chase & Co. were worth $266,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Aptus Capital Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 11.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 153,622 shares of the financial services provider’s stock worth $16,054,000 after purchasing an additional 15,607 shares during the period. Leisure Capital Management raised its position in shares of JPMorgan Chase & Co. by 2.7% in the 3rd quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider’s stock worth $2,376,000 after buying an additional 600 shares during the period. Ballentine Partners LLC raised its position in shares of JPMorgan Chase & Co. by 12.4% in the 3rd quarter. Ballentine Partners LLC now owns 51,929 shares of the financial services provider’s stock worth $5,427,000 after buying an additional 5,719 shares during the period. Argus Investors Counsel Inc. raised its position in shares of JPMorgan Chase & Co. by 0.6% in the 4th quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock worth $3,256,000 after buying an additional 149 shares during the period. Finally, BerganKDV Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 6.1% in the 3rd quarter. BerganKDV Wealth Management LLC now owns 35,995 shares of the financial services provider’s stock worth $3,762,000 after buying an additional 2,079 shares during the period. Hedge funds and other institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.1 %

Shares of JPMorgan Chase & Co. stock opened at $127.61 on Thursday. The business has a 50-day moving average of $136.37 and a 200-day moving average of $130.41. 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 company has a market capitalization of $375.60 billion, a PE ratio of 10.56, a P/E/G ratio of 2.02 and a beta of 1.10. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-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 EPS for the quarter, topping 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 analysts’ expectations of $34.23 billion. During the same quarter last year, the company posted $3.33 earnings per share. The company’s quarterly revenue was up 18.1% compared to the same quarter last year. As a group, equities analysts forecast that JPMorgan Chase & Co. will post 12.9 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.13%. JPMorgan Chase & Co.’s payout ratio is 33.11%.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 23,148 shares of the stock in a transaction dated 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 transaction, the general counsel now owns 48,311 shares of the company’s stock, valued at $6,778,516.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 23,148 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total value of $3,247,895.88. Following the transaction, the general counsel now owns 48,311 shares of the company’s stock, valued at $6,778,516.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Mary E. Erdoes sold 10,340 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the completion of the transaction, the chief executive officer now directly owns 544,136 shares in the company, valued at approximately $76,336,839.44. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 37,887 shares of company stock valued at $5,315,762. Insiders own 0.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. UBS Group set a $156.00 target price on JPMorgan Chase & Co. in a research report on Friday, January 13th. Deutsche Bank Aktiengesellschaft lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their target price for the stock from $155.00 to $145.00 in a research report on Friday, January 6th. Morgan Stanley cut their target price on JPMorgan Chase & Co. from $173.00 to $153.00 and set an “overweight” rating on the stock in a research report on Wednesday. Oppenheimer cut their target price on JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating on the stock in a research report on Thursday, March 23rd. Finally, Barclays increased their price target on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $149.33.

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.