Davidson Investment Advisors Has $696,000 Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Apr 26th, 2023

Davidson Investment Advisors lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 33.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,188 shares of the financial services provider’s stock after selling 2,618 shares during the quarter. Davidson Investment Advisors’ holdings in JPMorgan Chase & Co. were worth $696,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Cantor Fitzgerald Investment Advisor L.P lifted its stake in JPMorgan Chase & Co. by 81.1% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after buying an additional 99,636 shares during the period. BCK Partners Inc. bought a new stake in shares of JPMorgan Chase & Co. in the first quarter worth about $2,455,000. LSV Asset Management increased its holdings in shares of JPMorgan Chase & Co. by 35.6% in the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after acquiring an additional 9,800 shares in the last quarter. Wsfs Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 70.8% in the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after acquiring an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 1,451.4% in the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock worth $514,000 after acquiring an additional 3,527 shares in the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JPM. Evercore ISI lowered their price target on JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday, April 5th. Oppenheimer increased their price target on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a report on Monday, April 17th. Barclays lowered their price target on JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating for the company in a report on Wednesday, April 12th. Bank of America increased their price target on JPMorgan Chase & Co. from $152.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, April 17th. Finally, StockNews.com initiated coverage on JPMorgan Chase & Co. in a report on Thursday, March 16th. They issued a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average price target of $154.94.

JPMorgan Chase & Co. Stock Down 2.2 %

JPM stock opened at $137.67 on Wednesday. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 1.07. The business has a 50 day moving average price of $134.67 and a two-hundred day moving average price of $133.07. The company has a market cap of $403.57 billion, a price-to-earnings ratio of 10.16, a P/E/G ratio of 2.04 and a beta of 1.10. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $144.34.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 earnings per share (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 company had revenue of $38.35 billion during the quarter, compared to analysts’ expectations of $35.77 billion. During the same period last year, the firm posted $2.63 earnings per share. The business’s revenue was up 24.8% on a year-over-year basis. Analysts anticipate that JPMorgan Chase & Co. will post 13.76 EPS 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. Stockholders of record on Thursday, April 6th will be given a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.91%. JPMorgan Chase & Co.’s payout ratio is 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.

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

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