Essex Investment Management Co. LLC Has $2.32 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Apr 29th, 2023

Essex Investment Management Co. LLC decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,272 shares of the financial services provider’s stock after selling 633 shares during the quarter. Essex Investment Management Co. LLC’s holdings in JPMorgan Chase & Co. were worth $2,316,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in JPM. Aptus Capital Advisors LLC increased its position in JPMorgan Chase & Co. by 11.3% during the third quarter. Aptus Capital Advisors LLC now owns 153,622 shares of the financial services provider’s stock worth $16,054,000 after buying an additional 15,607 shares during the last quarter. Leisure Capital Management increased its holdings in shares of JPMorgan Chase & Co. by 2.7% during the 3rd quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider’s stock worth $2,376,000 after acquiring an additional 600 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of JPMorgan Chase & Co. by 12.4% during the 3rd quarter. Ballentine Partners LLC now owns 51,929 shares of the financial services provider’s stock worth $5,427,000 after acquiring an additional 5,719 shares during the last quarter. Argus Investors Counsel Inc. raised its stake in JPMorgan Chase & Co. by 0.6% in the 4th quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock valued at $3,256,000 after acquiring an additional 149 shares during the period. Finally, BerganKDV Wealth Management LLC lifted its holdings in JPMorgan Chase & Co. by 6.1% during the 3rd quarter. BerganKDV Wealth Management LLC now owns 35,995 shares of the financial services provider’s stock valued at $3,762,000 after purchasing an additional 2,079 shares during the last quarter. Institutional investors own 67.89% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Barclays decreased their price objective on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating on the stock in a report on Wednesday, April 12th. 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. Credit Suisse Group boosted their price objective on JPMorgan Chase & Co. from $155.00 to $160.00 in a report on Tuesday, April 18th. BMO Capital Markets upped their target price on JPMorgan Chase & Co. from $154.00 to $169.00 and gave the company a “market perform” rating in a research report on Monday, April 17th. Finally, Royal Bank of Canada dropped their price target on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a report on Friday, March 24th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $154.94.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $138.24 on Friday. The stock’s fifty day moving average price is $134.33 and its two-hundred day moving average price is $133.34. JPMorgan Chase & Co. has a one year low of $101.28 and a one 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. The firm has a market cap of $405.25 billion, a PE ratio of 10.20, a price-to-earnings-growth ratio of 1.95 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 16.02% and a net margin of 23.73%. The company’s revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the business posted $2.63 EPS. As a group, research analysts expect that JPMorgan Chase & Co. will post 13.85 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be issued a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 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.

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

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