Toth Financial Advisory Corp Has $193,000 Stake in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Apr 7th, 2023

Toth Financial Advisory Corp decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 10.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,441 shares of the financial services provider’s stock after selling 173 shares during the quarter. Toth Financial Advisory Corp’s holdings in JPMorgan Chase & Co. were worth $193,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Premier Asset Management LLC grew its stake in JPMorgan Chase & Co. by 1.7% in the 3rd 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 in the last quarter. Trellis Advisors LLC grew its stake in JPMorgan Chase & Co. by 2.8% in the 3rd quarter. Trellis Advisors LLC now owns 2,897 shares of the financial services provider’s stock worth $302,000 after buying an additional 79 shares in the last quarter. Karpas Strategies LLC grew its stake in JPMorgan Chase & Co. by 0.4% in the 3rd quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock worth $2,251,000 after buying an additional 80 shares in the last quarter. Wulff Hansen & CO. grew its stake in JPMorgan Chase & Co. by 0.5% in the 3rd quarter. Wulff Hansen & CO. now owns 14,665 shares of the financial services provider’s stock worth $1,532,000 after buying an additional 80 shares in the last quarter. Finally, LVZ Inc. grew its stake in JPMorgan Chase & Co. by 1.7% in the 4th quarter. LVZ Inc. now owns 4,746 shares of the financial services provider’s stock worth $636,000 after buying an additional 80 shares in the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction 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 completion of 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 document filed with the SEC, which can be accessed through this link. In related news, General Counsel Stacey Friedman sold 23,148 shares of the stock in a transaction dated Tuesday, January 17th. The stock was 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 approximately $6,778,516.41. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Mary E. Erdoes sold 10,340 shares of the 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 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 ninety days, insiders sold 37,887 shares of company stock worth $5,315,762. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $127.47 on Friday. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $144.34. The firm has a market cap of $375.19 billion, a P/E ratio of 10.55, a P/E/G ratio of 2.02 and a beta of 1.10. The business’s 50 day moving average price is $136.12 and its 200 day moving average price is $130.39. 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. (NYSE:JPM – Get Rating) last announced its quarterly 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 return on equity of 14.68% and a net margin of 24.34%. The company had revenue of $34.55 billion during the quarter, compared to the consensus estimate of $34.23 billion. During the same period in the previous year, the company posted $3.33 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 18.1% on a year-over-year basis. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 12.84 earnings per share for the current 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 paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is 33.11%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on JPM. Evercore ISI lowered their price objective on shares of JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday. UBS Group set a $156.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday, January 13th. Deutsche Bank Aktiengesellschaft downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their price objective for the company from $155.00 to $145.00 in a research report on Friday, January 6th. Wells Fargo & Company upgraded shares of JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $148.00 to $155.00 in a research note on Monday, March 13th. Finally, Royal Bank of Canada lowered 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. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $149.33.

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.