JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Investmark Advisory Group LLC

Posted by on Apr 8th, 2023

Investmark Advisory Group LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 24.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,311 shares of the financial services provider’s stock after purchasing an additional 841 shares during the quarter. Investmark Advisory Group LLC’s holdings in JPMorgan Chase & Co. were worth $578,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of JPM. Retirement Financial Solutions LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $26,000. HBC Financial Services PLLC lifted its holdings in shares of JPMorgan Chase & Co. by 61.2% during the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 90 shares in the last quarter. Creative Capital Management Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $30,000. Horizons Wealth Management purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at about $39,000. Finally, New Millennium Group LLC acquired a new stake in JPMorgan Chase & Co. during the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 67.89% of the company’s stock.

Analysts Set New Price Targets

JPM has been the subject of a number of analyst reports. 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. Morgan Stanley cut their target price on shares of JPMorgan Chase & Co. from $173.00 to $153.00 and set an “overweight” rating on the stock in a report on Wednesday. Evercore ISI dropped their target price on JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating on the stock in a research report on Wednesday. Credit Suisse Group set a $155.00 target price on JPMorgan Chase & Co. in a research report on Monday, February 27th. Finally, UBS Group set a $156.00 price target on JPMorgan Chase & Co. in a report on Friday, January 13th. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $149.33.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 375 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 19th. The stock was bought at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the acquisition, the director now directly owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CEO Mary E. Erdoes sold 10,340 shares of the company’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 transaction, the chief executive officer now owns 544,136 shares in the company, valued at approximately $76,336,839.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mellody L. Hobson bought 375 shares of the company’s stock in a transaction dated Thursday, January 19th. The stock was acquired at an average price of $134.53 per share, for a total transaction of $50,448.75. Following the acquisition, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The disclosure for this purchase can be found here. Insiders sold a total of 37,887 shares of company stock worth $5,315,762 over the last ninety days. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $127.47 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $375.19 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 2.00 and a beta of 1.10. The stock’s fifty day simple moving average is $135.86 and its 200 day simple moving average is $130.46. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-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 (EPS) 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 business had revenue of $34.55 billion for the quarter, compared to analysts’ expectations of $34.23 billion. During the same period in the previous year, the firm posted $3.33 EPS. The company’s quarterly revenue was up 18.1% on a year-over-year basis. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 12.84 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be issued a $1.00 dividend. 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%.

About JPMorgan Chase & Co.

(Get Rating)

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.

Featured Articles

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.