AE Wealth Management LLC Has $45.20 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Apr 21st, 2023

AE Wealth Management LLC boosted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 9.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 337,068 shares of the financial services provider’s stock after buying an additional 29,298 shares during the period. AE Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $45,201,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently made changes to their positions in JPM. Premier Asset Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 1.7% during the third quarter. Premier Asset Management LLC now owns 4,635 shares of the financial services provider’s stock valued at $484,000 after purchasing an additional 77 shares during the period. Trellis Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 2.8% during the third quarter. Trellis Advisors LLC now owns 2,897 shares of the financial services provider’s stock valued at $302,000 after acquiring an additional 79 shares in the last quarter. Karpas Strategies LLC increased its holdings in JPMorgan Chase & Co. by 0.4% in the 3rd quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock worth $2,251,000 after buying an additional 80 shares during the period. Wulff Hansen & CO. increased its holdings in JPMorgan Chase & Co. by 0.5% in the 3rd quarter. Wulff Hansen & CO. now owns 14,665 shares of the financial services provider’s stock worth $1,532,000 after buying an additional 80 shares during the period. Finally, LVZ Inc. boosted its position in JPMorgan Chase & Co. by 1.7% in the 4th quarter. LVZ Inc. now owns 4,746 shares of the financial services provider’s stock worth $636,000 after purchasing an additional 80 shares in the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on JPM shares. BMO Capital Markets upped their price objective on JPMorgan Chase & Co. from $154.00 to $169.00 and gave the stock a “market perform” rating in a research report on Monday. StockNews.com initiated coverage on JPMorgan Chase & Co. in a report on Thursday, March 16th. They issued a “hold” rating on the stock. Morgan Stanley raised their target price on JPMorgan Chase & Co. from $153.00 to $157.00 and gave the stock an “overweight” rating in a research note on Monday. The Goldman Sachs Group raised their target price on JPMorgan Chase & Co. from $160.00 to $172.00 in a research note on Friday, April 14th. Finally, Barclays cut their price objective on 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. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.94.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $140.81 on Friday. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year 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. The company has a market capitalization of $412.78 billion, a price-to-earnings ratio of 10.39, a P/E/G ratio of 2.13 and a beta of 1.10. The stock’s fifty day simple moving average is $134.83 and its 200-day simple moving average is $132.09.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued 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 return on equity of 16.02% and a net margin of 23.73%. The firm had revenue of $38.35 billion for the quarter, compared to the consensus estimate of $35.77 billion. During the same quarter in the previous year, the company posted $2.63 earnings per share. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 13.76 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, April 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.84%. JPMorgan Chase & Co.’s dividend payout ratio is presently 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.