Wilkinson Global Asset Management LLC Trims Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Apr 20th, 2023

Wilkinson Global Asset Management LLC cut its holdings in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 558,825 shares of the financial services provider’s stock after selling 7,613 shares during the period. JPMorgan Chase & Co. comprises 6.2% of Wilkinson Global Asset Management LLC’s holdings, making the stock its 4th largest holding. Wilkinson Global Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $74,938,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Retirement Financial Solutions LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $26,000. Creative Capital Management Investments LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $30,000. VitalStone Financial LLC bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $58,000. Marshall & Sullivan Inc. WA bought a new position in JPMorgan Chase & Co. during the 4th quarter valued at about $60,000. Finally, Iron Horse Wealth Management LLC boosted its position in JPMorgan Chase & Co. by 9,000.0% in the 4th quarter. Iron Horse Wealth Management LLC now owns 455 shares of the financial services provider’s stock valued at $61,000 after buying an additional 450 shares during the period. 67.89% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Trading Down 0.1 %

NYSE:JPM opened at $141.22 on Thursday. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $144.34. The firm has a 50 day moving average of $134.82 and a 200 day moving average of $132.03. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $413.98 billion, a price-to-earnings ratio of 10.42, a PEG ratio of 2.18 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its earnings results 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. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The company had revenue of $38.35 billion during the quarter, compared to analysts’ expectations of $35.77 billion. During the same quarter in the prior year, the company posted $2.63 earnings per share. JPMorgan Chase & Co.’s revenue for the quarter was up 24.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 13.13 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. The ex-dividend date is Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a yield of 2.83%. JPMorgan Chase & Co.’s payout ratio is 29.52%.

Analyst Ratings Changes

JPM has been the subject of several research reports. Piper Sandler boosted their price objective on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the company an “overweight” rating in a research report on Monday. Barclays lowered their price objective on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating for the company in a research report on Wednesday, April 12th. Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Morgan Stanley boosted their price objective 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, 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 report on Monday. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $154.94.

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.