JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by National Bank of Canada FI

Posted by Defense World Staff on Apr 7th, 2023

National Bank of Canada FI cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 8.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,850,868 shares of the financial services provider’s stock after selling 174,085 shares during the quarter. National Bank of Canada FI owned about 0.06% of JPMorgan Chase & Co. worth $248,178,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD increased its position in shares of JPMorgan Chase & Co. by 23.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock worth $3,566,044,000 after purchasing an additional 5,978,393 shares during the last quarter. Cottage Street Advisors LLC grew its position in JPMorgan Chase & Co. by 11,378.2% in the 4th quarter. Cottage Street Advisors LLC now owns 4,100,117 shares of the financial services provider’s stock valued at $674,000 after acquiring an additional 4,064,396 shares in the last quarter. Public Investment Fund purchased a new position in shares of JPMorgan Chase & Co. in the 2nd quarter valued at about $433,667,000. Barclays PLC boosted its stake in shares of JPMorgan Chase & Co. by 77.8% in the 3rd quarter. Barclays PLC now owns 8,071,119 shares of the financial services provider’s stock valued at $843,433,000 after buying an additional 3,531,637 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock valued at $28,480,408,000 after buying an additional 2,918,554 shares during the period. 67.89% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 0.1 %

NYSE:JPM opened at $127.47 on Friday. The firm has a market cap of $375.19 billion, a P/E ratio of 10.55, a PEG ratio of 2.02 and a beta of 1.10. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. The stock’s 50 day simple moving average is $136.12 and its 200-day simple moving average is $130.39. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $144.34.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, topping 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 firm had revenue of $34.55 billion for the quarter, compared to analyst estimates of $34.23 billion. During the same quarter in the prior year, the company posted $3.33 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 18.1% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post 12.84 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 3.14%. The ex-dividend date is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 33.11%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barclays lifted their price objective on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a research note on Tuesday, January 3rd. StockNews.com assumed coverage on JPMorgan Chase & Co. in a research note on Thursday, March 16th. They set a “hold” rating for the company. UBS Group set a $156.00 target price on JPMorgan Chase & Co. in a research note on Friday, January 13th. Citigroup boosted their target price on JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. Finally, Wells Fargo & Company upgraded JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $148.00 to $155.00 in a research note on Monday, March 13th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $149.33.

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 sale, the chief executive officer now owns 544,136 shares of the company’s stock, valued at $76,336,839.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Vice Chairman Peter Scher sold 4,399 shares of the firm’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 completion of the transaction, the insider now owns 36,369 shares in the company, valued at $5,103,298.08. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Mary E. Erdoes sold 10,340 shares of the firm’s 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 transaction, the chief executive officer now owns 544,136 shares of the company’s stock, valued at approximately $76,336,839.44. The disclosure for this sale can be found here. Insiders have sold 37,887 shares of company stock valued at $5,315,762 over the last quarter. Company insiders own 0.79% of the company’s stock.

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.