Threadgill Financial LLC Acquires New Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Apr 19th, 2023

Threadgill Financial LLC bought a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 7,361 shares of the financial services provider’s stock, valued at approximately $987,000.

Several other institutional investors also recently made changes to their positions in JPM. Cottage Street Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 11,378.2% during the 4th quarter. Cottage Street Advisors LLC now owns 4,100,117 shares of the financial services provider’s stock valued at $674,000 after acquiring an additional 4,064,396 shares during the last quarter. Barclays PLC lifted its position in shares of JPMorgan Chase & Co. by 77.8% during the 3rd quarter. Barclays PLC now owns 8,071,119 shares of the financial services provider’s stock valued at $843,433,000 after acquiring an additional 3,531,637 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of JPMorgan Chase & Co. by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock valued at $28,480,408,000 after acquiring an additional 2,918,554 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of JPMorgan Chase & Co. by 7,427.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock valued at $363,169,000 after acquiring an additional 2,628,701 shares during the last quarter. Finally, Federated Hermes Inc. raised its stake in JPMorgan Chase & Co. by 265.8% during the 3rd quarter. Federated Hermes Inc. now owns 3,391,632 shares of the financial services provider’s stock valued at $354,426,000 after purchasing an additional 2,464,462 shares during the period. 67.89% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

JPM has been the topic of several recent analyst reports. 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 upped their price target on shares of JPMorgan Chase & Co. from $153.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday. Bank of America upped their price target 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. Deutsche Bank Aktiengesellschaft downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $155.00 to $145.00 in a research note on Friday, January 6th. Finally, BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. from $154.00 to $169.00 and gave the stock a “market perform” 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 company. Based on data from MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $154.94.

Insider Activity at JPMorgan Chase & Co.

In other news, Director Mellody L. Hobson purchased 375 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 19th. The shares were bought at an average cost of $134.53 per share, with a total value 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 acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $141.40 on Wednesday. The firm has a market cap of $414.51 billion, a price-to-earnings ratio of 10.44, a PEG ratio of 2.18 and a beta of 1.10. The company has a 50 day moving average of $134.90 and a 200-day moving average of $131.71. 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. has a 1-year low of $101.28 and a 1-year high of $144.34.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings data 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. The company had revenue of $38.35 billion during 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 revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the business posted $2.63 earnings per share. On average, 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 business also recently declared 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 dividend on an annualized basis and a dividend 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. 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.