JPMorgan Chase & Co. (NYSE:JPM) Holdings Raised by Sargent Investment Group LLC

Posted by Defense World Staff on Apr 21st, 2023

Sargent Investment Group LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,360 shares of the financial services provider’s stock after buying an additional 826 shares during the quarter. JPMorgan Chase & Co. makes up about 1.0% of Sargent Investment Group LLC’s holdings, making the stock its 28th biggest position. Sargent Investment Group LLC’s holdings in JPMorgan Chase & Co. were worth $3,133,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cantor Fitzgerald Investment Advisor L.P increased its stake in shares of JPMorgan Chase & Co. by 81.1% during the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after purchasing an additional 99,636 shares during the last quarter. BCK Partners Inc. acquired a new position in shares of JPMorgan Chase & Co. during the 1st quarter worth $2,455,000. LSV Asset Management increased its stake in shares of JPMorgan Chase & Co. by 35.6% during the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after purchasing an additional 9,800 shares during the last quarter. Wsfs Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 70.8% during the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after purchasing an additional 1,749 shares during the last quarter. Finally, Lumature Wealth Partners LLC increased its stake in shares of JPMorgan Chase & Co. by 1,451.4% during the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after purchasing an additional 3,527 shares during the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on JPM shares. UBS Group set a $156.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. Citigroup increased their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $155.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday. Barclays lowered their target price on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 12th. Finally, Royal Bank of Canada lowered their target price on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a research note on Friday, March 24th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $154.94.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $140.81 on Friday. The company has a 50-day moving average of $134.83 and a 200-day moving average of $132.09. The company has a market capitalization of $412.78 billion, a price-to-earnings ratio of 10.39, a PEG ratio of 2.13 and a beta of 1.10. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $144.34. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.84 and a current ratio of 0.85.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, topping 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 the consensus estimate of $35.77 billion. During the same period last year, the firm earned $2.63 EPS. The firm’s revenue for the quarter was up 24.8% compared to the same quarter last year. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 13.76 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company 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 dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.84%. 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

(Get Rating)

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.