NEIRG Wealth Management LLC Sells 724 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by on Apr 27th, 2023

NEIRG Wealth Management LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,016 shares of the financial services provider’s stock after selling 724 shares during the quarter. NEIRG Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $4,830,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in JPMorgan Chase & Co. by 1.1% during 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 boosted its position in JPMorgan Chase & Co. by 5.3% during 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. lifted its holdings in shares of 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 buying an additional 805,196 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of 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 buying an additional 102,242 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of JPMorgan Chase & Co. by 28.4% in 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 in 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. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $144.34. The stock has a market cap of $396.42 billion, a PE ratio of 9.98, a price-to-earnings-growth ratio of 2.05 and a beta of 1.10. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 1.07. The company’s fifty day moving average price is $134.50 and its 200-day moving average price is $133.08.

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

JPMorgan Chase & Co. Announces Dividend

The business also recently declared 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. This represents a $4.00 annualized dividend and a dividend yield of 2.96%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.52%.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a report on Thursday, March 16th. They issued a “hold” rating on the stock. The Goldman Sachs Group increased their price target on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a report on Friday, April 14th. Credit Suisse Group raised their target price on shares of JPMorgan Chase & Co. from $155.00 to $160.00 in a research note on Tuesday, April 18th. Keefe, Bruyette & Woods raised their target price on shares of JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a research note on Monday, April 17th. Finally, Royal Bank of Canada lowered their target price on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a research note on Friday, March 24th. Six 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 a consensus rating of “Moderate Buy” and a consensus price target of $154.94.

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.

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

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