Triumph Capital Management Cuts Stake in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Apr 21st, 2023

Triumph Capital Management reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 19.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,355 shares of the financial services provider’s stock after selling 1,031 shares during the period. Triumph Capital Management’s holdings in JPMorgan Chase & Co. were worth $584,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Retirement Financial Solutions LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $26,000. Creative Capital Management Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $30,000. VitalStone Financial LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at $58,000. Marshall & Sullivan Inc. WA acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at $60,000. Finally, Iron Horse Wealth Management LLC lifted its position in JPMorgan Chase & Co. by 9,000.0% during the fourth quarter. Iron Horse Wealth Management LLC now owns 455 shares of the financial services provider’s stock valued at $61,000 after purchasing an additional 450 shares during the period. 67.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of research reports. UBS Group set a $156.00 target price on shares of JPMorgan Chase & Co. in a research report on Friday, January 13th. Deutsche Bank Aktiengesellschaft downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and decreased their target price for the company from $155.00 to $145.00 in a research report on Friday, January 6th. StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, March 16th. They set a “hold” rating for the company. Keefe, Bruyette & Woods boosted their target price on shares of JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a research report on Monday. Finally, Piper Sandler boosted their target price 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. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $154.94.

JPMorgan Chase & Co. Stock Down 0.3 %

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

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its earnings results 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. The business had revenue of $38.35 billion during the quarter, compared to analysts’ expectations 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 quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.63 earnings per share. Equities analysts forecast that JPMorgan Chase & Co. will post 13.76 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Stockholders 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 dividend yield of 2.84%. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.52%.

About JPMorgan Chase & Co.

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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.