Capital City Trust Co. FL Buys 376 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Apr 16th, 2023

Capital City Trust Co. FL lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,760 shares of the financial services provider’s stock after purchasing an additional 376 shares during the period. Capital City Trust Co. FL’s holdings in JPMorgan Chase & Co. were worth $638,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Retirement Financial Solutions LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $26,000. Creative Capital Management Investments LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $30,000. Marshall & Sullivan Inc. WA purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $60,000. Iron Horse Wealth Management LLC increased its holdings in JPMorgan Chase & Co. by 9,000.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 455 shares of the financial services provider’s stock worth $61,000 after buying an additional 450 shares during the period. Finally, Bellwether Advisors LLC increased its holdings in JPMorgan Chase & Co. by 119.1% in the 3rd quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock worth $51,000 after buying an additional 268 shares during the period. 67.89% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $138.73 on Friday. The business has a 50 day moving average price of $134.94 and a 200 day moving average price of $131.31. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $144.34. The company has a market cap of $406.68 billion, a price-to-earnings ratio of 11.48, a PEG ratio of 2.02 and a beta of 1.10. 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 issued its earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.69. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The business had revenue of $38.35 billion during the quarter, compared to analysts’ expectations of $35.77 billion. During the same period in the prior year, the firm posted $2.63 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 24.8% compared to the same quarter last year. Research analysts predict that JPMorgan Chase & Co. will post 12.73 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th will be given a $1.00 dividend. The ex-dividend date is Wednesday, April 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.88%. JPMorgan Chase & Co.’s dividend payout ratio is currently 33.11%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on JPM. Morgan Stanley dropped their price objective on shares of JPMorgan Chase & Co. from $173.00 to $153.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 5th. Piper Sandler raised their price objective on JPMorgan Chase & Co. from $150.00 to $157.00 in a report on Tuesday, January 17th. Wells Fargo & Company upgraded JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $148.00 to $155.00 in a report on Monday, March 13th. Deutsche Bank Aktiengesellschaft lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their price objective for the company from $155.00 to $145.00 in a report on Friday, January 6th. Finally, Barclays cut their price target on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating on the stock 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’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $150.88.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson bought 375 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, January 19th. The shares were purchased at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the acquisition, the director now owns 22,040 shares in the company, valued at approximately $2,965,041.20. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Mellody L. Hobson bought 375 shares of the stock in a transaction that occurred on Thursday, January 19th. The shares were acquired at an average price of $134.53 per share, with a total value of $50,448.75. Following the completion of the transaction, the director now owns 22,040 shares in the company, valued at $2,965,041.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Mary E. Erdoes sold 10,340 shares of the business’s stock in a transaction that occurred 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 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. Insiders have sold 37,887 shares of company stock worth $5,315,762 in the last three months. Insiders own 0.79% of the company’s stock.

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.