FAS Wealth Partners Purchases 2,159 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by on Apr 22nd, 2023

FAS Wealth Partners lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 9.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,604 shares of the financial services provider’s stock after purchasing an additional 2,159 shares during the period. FAS Wealth Partners’ holdings in JPMorgan Chase & Co. were worth $3,299,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in JPM. Retirement Financial Solutions LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter worth about $26,000. Creative Capital Management Investments LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $30,000. Bellwether Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 119.1% in the third quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 268 shares in the last quarter. Delos Wealth Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 24.4% in the third quarter. Delos Wealth Advisors LLC now owns 505 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 99 shares in the last quarter. Finally, VitalStone Financial LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $58,000. 67.89% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JPM. Wells Fargo & Company lifted their target price on shares of JPMorgan Chase & Co. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. Piper Sandler lifted their target price on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. StockNews.com started coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Deutsche Bank Aktiengesellschaft cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their price objective for the company from $155.00 to $145.00 in a research note on Friday, January 6th. Finally, Barclays reduced 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 note on Wednesday, April 12th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $154.94.

JPMorgan Chase & Co. Trading Down 0.2 %

Shares of JPMorgan Chase & Co. stock opened at $140.54 on Friday. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $144.34. The firm has a market cap of $411.99 billion, a PE ratio of 10.37, a PEG ratio of 2.06 and a beta of 1.10. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.85 and a quick ratio of 0.84. The company has a 50 day simple moving average of $134.83 and a two-hundred day simple moving average of $132.09.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced 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. The business had revenue of $38.35 billion during the quarter, compared to analyst estimates of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. JPMorgan Chase & Co.’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.63 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 13.76 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th will be issued a $1.00 dividend. The ex-dividend date is Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.85%. JPMorgan Chase & Co.’s payout ratio is 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.

See Also

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.