Hamilton Point Investment Advisors LLC Buys 233 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Apr 18th, 2023

Hamilton Point Investment Advisors LLC raised its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,206 shares of the financial services provider’s stock after acquiring an additional 233 shares during the period. Hamilton Point Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $4,319,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

Several brokerages have recently weighed in on JPM. Morgan Stanley upped their price target on JPMorgan Chase & Co. from $153.00 to $157.00 and gave the company an “overweight” rating in a research report on Monday. Piper Sandler upped their target price on JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a research note on Monday. Keefe, Bruyette & Woods increased their price objective on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a research note on Monday. Evercore ISI dropped their price objective on JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, April 5th. Finally, Oppenheimer increased their price objective on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a research note on Monday. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $154.67.

JPMorgan Chase & Co. Stock Up 0.8 %

JPM stock opened at $139.83 on Tuesday. 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 moving average price of $134.94 and a 200-day moving average price of $131.47. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84. The stock has a market capitalization of $409.91 billion, a P/E ratio of 10.32, a P/E/G ratio of 2.18 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $38.35 billion during the quarter, compared to analysts’ expectations of $35.77 billion. During the same quarter in the previous year, the business earned $2.63 earnings per share. The company’s revenue was up 24.8% on a year-over-year basis. Equities analysts forecast that JPMorgan Chase & Co. will post 12.73 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company 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 $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is currently 29.52%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related news, Director Mellody L. Hobson purchased 375 shares of the business’s stock in a transaction on Thursday, January 19th. The stock was acquired at an average price of $134.53 per share, with a total value of $50,448.75. Following the completion of the acquisition, the director now owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.79% of the stock is currently owned by corporate insiders.

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.