JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Oregon Public Employees Retirement Fund

Posted by Defense World Staff on Apr 13th, 2023

Oregon Public Employees Retirement Fund boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 226,390 shares of the financial services provider’s stock after purchasing an additional 2,247 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in JPMorgan Chase & Co. were worth $30,359,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in JPM. Aptus Capital Advisors LLC grew its position in JPMorgan Chase & Co. by 11.3% during the third quarter. Aptus Capital Advisors LLC now owns 153,622 shares of the financial services provider’s stock valued at $16,054,000 after acquiring an additional 15,607 shares during the period. Leisure Capital Management grew its position in JPMorgan Chase & Co. by 2.7% during the third quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider’s stock valued at $2,376,000 after acquiring an additional 600 shares during the period. Ballentine Partners LLC grew its position in JPMorgan Chase & Co. by 12.4% during the third quarter. Ballentine Partners LLC now owns 51,929 shares of the financial services provider’s stock valued at $5,427,000 after acquiring an additional 5,719 shares during the period. Argus Investors Counsel Inc. boosted its position in shares of JPMorgan Chase & Co. by 0.6% in the fourth 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 boosted its position in shares of JPMorgan Chase & Co. by 6.1% in the third 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. 67.89% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 4,399 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total transaction of $617,267.68. Following the transaction, the insider now directly owns 36,369 shares in the company, valued at $5,103,298.08. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, 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 value of $1,450,598.60. Following the sale, the chief executive officer now directly owns 544,136 shares of the company’s stock, valued at $76,336,839.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Peter Scher sold 4,399 shares of the firm’s 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 sale, the insider now directly owns 36,369 shares in the company, valued at $5,103,298.08. The disclosure for this sale can be found here. Insiders have sold a total of 37,887 shares of company stock worth $5,315,762 over the last three months. Corporate insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the subject of several analyst reports. Royal Bank of Canada decreased their target price on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a research report on Friday, March 24th. Credit Suisse Group set a $155.00 price target on JPMorgan Chase & Co. in a research report on Monday, February 27th. UBS Group set a $156.00 price objective on JPMorgan Chase & Co. in a report on Friday, January 13th. Morgan Stanley decreased their price objective on JPMorgan Chase & Co. from $173.00 to $153.00 and set an “overweight” rating for the company in a report on Wednesday, April 5th. Finally, Barclays decreased their price target on JPMorgan Chase & Co. from $189.00 to $179.00 in a research note on Wednesday. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $148.78.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $128.50 on Thursday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $144.34. The business has a fifty day simple moving average of $135.41 and a 200 day simple moving average of $130.94. The firm has a market cap of $376.69 billion, a price-to-earnings ratio of 10.64, a P/E/G ratio of 1.99 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $34.23 billion. During the same period last year, the company earned $3.33 earnings per share. The business’s revenue was up 18.1% compared to the same quarter last year. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 12.82 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business 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 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 yield of 3.11%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 33.11%.

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.