Simon Quick Advisors LLC Acquires 3,590 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Apr 18th, 2023

Simon Quick Advisors LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 31.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,950 shares of the financial services provider’s stock after acquiring an additional 3,590 shares during the period. Simon Quick Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,005,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Retirement Financial Solutions LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $26,000. Creative Capital Management Investments LLC bought a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at $30,000. Bellwether Advisors LLC grew its holdings 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 valued at $51,000 after purchasing an additional 268 shares during the last quarter. Delos Wealth Advisors LLC grew its holdings 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 valued at $53,000 after purchasing an additional 99 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA purchased a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $60,000. Institutional investors own 67.89% of the company’s stock.

Insiders Place Their Bets

In related news, Director Mellody L. Hobson purchased 375 shares of JPMorgan Chase & Co. stock in a transaction on 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 completion of the transaction, the director now directly owns 22,040 shares in the company, valued at approximately $2,965,041.20. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

JPM has been the subject of several analyst reports. StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, March 16th. They set a “hold” rating for the company. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Bank of America raised their target price on shares of JPMorgan Chase & Co. from $152.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday. Piper Sandler lifted their target price on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the company an “overweight” rating in a research note on Monday. Finally, BMO Capital Markets raised their price objective on shares of JPMorgan Chase & Co. from $154.00 to $169.00 and gave the stock a “market perform” rating in a report 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 has an average rating of “Moderate Buy” and an average target price of $154.67.

JPMorgan Chase & Co. Stock Up 0.8 %

JPMorgan Chase & Co. stock opened at $139.83 on Tuesday. The stock has a market cap of $409.91 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 2.18 and a beta of 1.10. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $144.34. The stock has a fifty day moving average of $134.94 and a 200 day moving average of $131.47.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.69. The company had revenue of $38.35 billion during the quarter, compared to analysts’ expectations of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. JPMorgan Chase & Co.’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.63 earnings per share. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 12.73 EPS 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. Investors of record on Thursday, April 6th will be given a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.

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.