Sarasin & Partners LLP Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Apr 19th, 2023

Sarasin & Partners LLP lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 4.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 59,145 shares of the financial services provider’s stock after selling 2,916 shares during the quarter. Sarasin & Partners LLP’s holdings in JPMorgan Chase & Co. were worth $7,931,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JPM. Retirement Financial Solutions LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $26,000. Creative Capital Management Investments LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $30,000. Bellwether Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 119.1% in the third quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 268 shares in the last quarter. Delos Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 24.4% in the third quarter. Delos Wealth Advisors LLC now owns 505 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 99 shares in the last quarter. Finally, VitalStone Financial LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $58,000. Hedge funds and other institutional investors own 67.89% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Bank of America boosted 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 note on Monday. Oppenheimer boosted their target price on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a research note on Monday. The Goldman Sachs Group boosted their target price on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research note on Friday, April 14th. Morgan Stanley boosted their price target on shares of JPMorgan Chase & Co. from $153.00 to $157.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Royal Bank of Canada reduced their price target on shares of 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. Six investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $154.94.

Insider Activity

In related news, Director Mellody L. Hobson acquired 375 shares of the firm’s stock in a transaction on Thursday, January 19th. The stock was bought at an average cost of $134.53 per share, with a total value of $50,448.75. Following the acquisition, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.1 %

Shares of JPM opened at $141.40 on Wednesday. The firm’s 50-day moving average is $134.90 and its two-hundred day moving average is $131.71. The firm has a market capitalization of $414.51 billion, a P/E ratio of 10.44, a PEG ratio of 2.18 and a beta of 1.10. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $144.34. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 1.07.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.41 by $0.69. The business had revenue of $38.35 billion for the quarter, compared to analyst estimates of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The company’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the business earned $2.63 earnings per share. On average, research analysts predict that JPMorgan Chase & Co. will post 12.73 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.52%.

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.