JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Curated Wealth Partners LLC

Posted by Defense World Staff on Apr 19th, 2023

Curated Wealth Partners LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,567 shares of the financial services provider’s stock after acquiring an additional 121 shares during the period. Curated Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $612,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Americana Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 1.4% during the fourth quarter. Americana Partners LLC now owns 29,338 shares of the financial services provider’s stock worth $3,935,000 after purchasing an additional 406 shares during the period. Kendall Capital Management bought a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth about $218,000. Boyer & Corporon Wealth Management LLC grew its position in JPMorgan Chase & Co. by 0.5% in the 4th quarter. Boyer & Corporon Wealth Management LLC now owns 55,977 shares of the financial services provider’s stock valued at $7,507,000 after buying an additional 280 shares in the last quarter. Proficio Capital Partners LLC grew its position in JPMorgan Chase & Co. by 7.3% in the 4th quarter. Proficio Capital Partners LLC now owns 11,372 shares of the financial services provider’s stock valued at $1,526,000 after buying an additional 772 shares in the last quarter. Finally, Trevian Wealth Management LLC grew its position in JPMorgan Chase & Co. by 484.6% in the 4th quarter. Trevian Wealth Management LLC now owns 14,118 shares of the financial services provider’s stock valued at $1,893,000 after buying an additional 11,703 shares in the last quarter. 67.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JPM has been the subject of several research reports. Oppenheimer raised their price objective on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a research report on Monday. UBS Group set a $156.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, January 13th. Morgan Stanley increased 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 report on Monday. Piper Sandler increased their price objective on JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a report on Monday. Finally, Credit Suisse Group increased their price objective on JPMorgan Chase & Co. from $155.00 to $160.00 in a report on Tuesday. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $154.94.

Insider Buying and Selling

In other news, Director Mellody L. Hobson bought 375 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 19th. The stock was purchased 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 $2,965,041.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Trading Up 1.1 %

Shares of JPMorgan Chase & Co. stock opened at $141.40 on Wednesday. The company’s fifty day simple moving average is $134.90 and its 200-day simple moving average is $131.71. The company 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 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 announced its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.69. The business had revenue of $38.35 billion for the quarter, compared to the consensus estimate of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. JPMorgan Chase & Co.’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the company posted $2.63 earnings per share. As a group, sell-side analysts expect that JPMorgan Chase & Co. will post 12.73 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Investors 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 yield of 2.83%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) 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.