Breakwater Capital Group Purchases Shares of 5,263 JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Apr 26th, 2023

Breakwater Capital Group purchased a new stake in JPMorgan Chase & Co. (NYSE:JPM) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 5,263 shares of the financial services provider’s stock, valued at approximately $706,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Aptus Capital Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 11.3% in the third quarter. Aptus Capital Advisors LLC now owns 153,622 shares of the financial services provider’s stock worth $16,054,000 after purchasing an additional 15,607 shares during the last quarter. Leisure Capital Management raised its stake in shares of JPMorgan Chase & Co. by 2.7% in the third quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider’s stock worth $2,376,000 after purchasing an additional 600 shares during the last quarter. Ballentine Partners LLC raised its stake in shares of JPMorgan Chase & Co. by 12.4% in the third quarter. Ballentine Partners LLC now owns 51,929 shares of the financial services provider’s stock worth $5,427,000 after purchasing an additional 5,719 shares during the last quarter. Argus Investors Counsel Inc. raised its stake in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock worth $3,256,000 after purchasing an additional 149 shares during the last quarter. Finally, BerganKDV Wealth Management LLC raised its stake in shares of JPMorgan Chase & Co. by 6.1% in the third quarter. BerganKDV Wealth Management LLC now owns 35,995 shares of the financial services provider’s stock worth $3,762,000 after purchasing an additional 2,079 shares during the last quarter. 67.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JPM has been the subject of several research analyst reports. UBS Group set a $156.00 price objective on JPMorgan Chase & Co. in a research note on Friday, January 13th. Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the stock a “market perform” rating in a report on Monday, April 17th. The Goldman Sachs Group raised their target price on JPMorgan Chase & Co. from $160.00 to $172.00 in a report on Friday, April 14th. Oppenheimer raised their target price on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a report on Monday, April 17th. Finally, 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 report on Monday, April 17th. Six equities 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $154.94.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $137.67 on Wednesday. The company has a market cap of $403.57 billion, a PE ratio of 10.16, a price-to-earnings-growth ratio of 2.04 and a beta of 1.10. The stock’s 50 day simple moving average is $134.67 and its 200-day simple moving average is $133.07. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $144.34. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.85 and a quick ratio of 0.84.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, beating the consensus estimate of $3.41 by $0.69. The business had revenue of $38.35 billion for the quarter, compared to the consensus estimate of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.63 earnings per share. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 13.76 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 2.91%. JPMorgan Chase & Co.’s payout ratio is 29.52%.

About JPMorgan Chase & Co.

(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.