Eagle Bay Advisors LLC Raises Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Apr 13th, 2023

Eagle Bay Advisors LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,278 shares of the financial services provider’s stock after purchasing an additional 300 shares during the period. Eagle Bay Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $842,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Retirement Financial Solutions LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $26,000. Creative Capital Management Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $30,000. Bellwether Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 119.1% in the 3rd quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 268 shares during the period. Delos Wealth Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 24.4% in the 3rd quarter. Delos Wealth Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 99 shares during the period. Finally, Marshall & Sullivan Inc. WA purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $60,000. 67.89% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Down 0.0 %

JPM stock opened at $128.50 on Thursday. The company has a fifty day moving average price of $135.41 and a 200 day moving average price of $130.94. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $144.34. The company has a market cap of $376.69 billion, a price-to-earnings ratio of 10.64, a price-to-earnings-growth ratio of 1.99 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.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS 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 firm had revenue of $34.55 billion during the quarter, compared to the consensus estimate of $34.23 billion. During the same quarter in the prior year, the firm earned $3.33 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 18.1% on a year-over-year basis. Sell-side analysts expect that JPMorgan Chase & Co. will post 12.82 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a yield of 3.11%. JPMorgan Chase & Co.’s payout ratio is currently 33.11%.

Insiders Place Their Bets

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 shares were 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 owns 544,136 shares in the company, valued at approximately $76,336,839.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Vice Chairman Peter Scher sold 4,399 shares of the stock in a transaction dated Tuesday, January 17th. The shares were 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 approximately $5,103,298.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mary E. Erdoes sold 10,340 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.29, for a total transaction of $1,450,598.60. Following the completion of the sale, 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. In the last quarter, insiders sold 37,887 shares of company stock worth $5,315,762. 0.79% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Evercore ISI reduced their price target on shares of JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 5th. Barclays cut their target price on shares of JPMorgan Chase & Co. from $189.00 to $179.00 in a research note on Wednesday. Oppenheimer lowered their price target on shares of JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating for the company in a report on Thursday, March 23rd. Piper Sandler boosted their price target on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a report on Tuesday, January 17th. Finally, Deutsche Bank Aktiengesellschaft cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lowered their price target for the stock from $155.00 to $145.00 in a report on Friday, January 6th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $148.78.

JPMorgan Chase & Co. 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.