Source Financial Advisors LLC Has $5.32 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Apr 21st, 2023

Source Financial Advisors LLC grew its holdings in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 39,683 shares of the financial services provider’s stock after buying an additional 1,849 shares during the quarter. JPMorgan Chase & Co. makes up 2.0% of Source Financial Advisors LLC’s portfolio, making the stock its 12th largest position. Source Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $5,322,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in JPMorgan Chase & Co. by 1.1% in the third quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock worth $28,480,408,000 after purchasing an additional 2,918,554 shares during the period. Dimensional Fund Advisors LP increased its position in JPMorgan Chase & Co. by 5.3% in the third quarter. Dimensional Fund Advisors LP now owns 21,084,558 shares of the financial services provider’s stock worth $2,203,621,000 after purchasing an additional 1,058,790 shares during the period. Charles Schwab Investment Management Inc. increased its position in JPMorgan Chase & Co. by 4.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 18,607,661 shares of the financial services provider’s stock worth $2,536,598,000 after purchasing an additional 805,196 shares during the period. Nuveen Asset Management LLC increased its position in JPMorgan Chase & Co. by 0.7% in the third quarter. Nuveen Asset Management LLC now owns 15,606,783 shares of the financial services provider’s stock worth $1,630,909,000 after purchasing an additional 102,242 shares during the period. Finally, Boston Partners boosted its holdings in JPMorgan Chase & Co. by 28.4% during the third quarter. Boston Partners now owns 10,063,918 shares of the financial services provider’s stock worth $1,061,182,000 after buying an additional 2,227,785 shares during the last quarter. 67.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their target price for the stock from $155.00 to $145.00 in a report on Friday, January 6th. Credit Suisse Group raised their target price on JPMorgan Chase & Co. from $155.00 to $160.00 in a report on Tuesday. BMO Capital Markets lifted their price objective on JPMorgan Chase & Co. from $154.00 to $169.00 and gave the company a “market perform” rating in a report on Monday. Oppenheimer lifted their price objective on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a report on Monday. Finally, Keefe, Bruyette & Woods lifted their price objective on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a report on Monday. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $154.94.

JPMorgan Chase & Co. Stock Down 0.3 %

JPM stock opened at $140.81 on Friday. The stock’s fifty day simple moving average is $134.83 and its two-hundred day simple moving average is $132.09. 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. The stock has a market cap 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.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $35.77 billion. During the same period in the previous year, the company posted $2.63 earnings per share. The business’s revenue was up 24.8% on a year-over-year basis. Analysts expect that JPMorgan Chase & Co. will post 13.76 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

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