Investors Asset Management of Georgia Inc. GA ADV Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Posted by on Apr 27th, 2023

Investors Asset Management of Georgia Inc. GA ADV lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 31,346 shares of the financial services provider’s stock after selling 104 shares during the quarter. JPMorgan Chase & Co. makes up approximately 2.2% of Investors Asset Management of Georgia Inc. GA ADV’s holdings, making the stock its 7th biggest holding. Investors Asset Management of Georgia Inc. GA ADV’s holdings in JPMorgan Chase & Co. were worth $4,204,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in JPM. Cottage Street Advisors LLC grew its holdings in JPMorgan Chase & Co. by 11,378.2% during the 4th quarter. Cottage Street Advisors LLC now owns 4,100,117 shares of the financial services provider’s stock worth $674,000 after acquiring an additional 4,064,396 shares during the last quarter. Barclays PLC boosted its stake in shares of JPMorgan Chase & Co. by 77.8% in the 3rd quarter. Barclays PLC now owns 8,071,119 shares of the financial services provider’s stock valued at $843,433,000 after purchasing an additional 3,531,637 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock valued at $28,480,408,000 after purchasing an additional 2,918,554 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of JPMorgan Chase & Co. by 7,427.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock valued at $363,169,000 after purchasing an additional 2,628,701 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of JPMorgan Chase & Co. by 265.8% in the 3rd quarter. Federated Hermes Inc. now owns 3,391,632 shares of the financial services provider’s stock valued at $354,426,000 after purchasing an additional 2,464,462 shares during the last quarter. Institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $135.23 on Thursday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.84 and a current ratio of 0.85. The company has a market capitalization of $396.42 billion, a P/E ratio of 9.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The company’s 50 day moving average price is $134.50 and its two-hundred day moving average price is $133.08. 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 announced its earnings results on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, topping the consensus estimate of $3.41 by $0.69. The firm had revenue of $38.35 billion for the quarter, compared to the consensus estimate of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The business’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period last year, the company posted $2.63 EPS. On average, 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 2.96%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.

Analyst Upgrades and Downgrades

JPM has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their target price for the company from $155.00 to $145.00 in a research note on Friday, January 6th. Bank of America raised their target price on shares of JPMorgan Chase & Co. from $152.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, April 17th. StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. The Goldman Sachs Group raised their target price on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research note on Friday, April 14th. Finally, Keefe, Bruyette & Woods increased their price target 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, April 17th. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $154.94.

JPMorgan Chase & Co. 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.

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

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