JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by BHK Investment Advisors LLC

Posted by on Apr 29th, 2023

BHK Investment Advisors LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 8.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,016 shares of the financial services provider’s stock after selling 1,008 shares during the period. JPMorgan Chase & Co. accounts for about 0.8% of BHK Investment Advisors LLC’s holdings, making the stock its 18th biggest holding. BHK Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,477,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Retirement Financial Solutions LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $26,000. Creative Capital Management Investments LLC purchased a new position in JPMorgan Chase & Co. during the fourth quarter worth approximately $30,000. Capital Directions Investment Advisors LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $44,000. Bellwether Advisors LLC grew its holdings in JPMorgan Chase & Co. by 119.1% in the 3rd quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock valued at $51,000 after buying an additional 268 shares in the last quarter. Finally, Delos Wealth Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 24.4% in the 3rd quarter. Delos Wealth Advisors LLC now owns 505 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 99 shares during the last quarter. 67.89% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 0.9 %

NYSE JPM opened at $138.24 on Friday. The firm has a 50 day simple moving average of $134.33 and a 200-day simple moving average of $133.34. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.84 and a current ratio of 0.85. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $144.34. The firm has a market cap of $405.25 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 1.95 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, beating the consensus estimate of $3.41 by $0.69. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The business had revenue of $38.35 billion during the quarter, compared to analyst estimates of $35.77 billion. During the same quarter last year, the firm posted $2.63 earnings per share. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. Equities research analysts anticipate that JPMorgan Chase & Co. will post 13.85 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 paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.89%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is 29.52%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on JPM shares. Royal Bank of Canada dropped their price objective on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a report on Friday, March 24th. Evercore ISI cut their price objective on shares of JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating for the company in a research report on Wednesday, April 5th. Morgan Stanley raised their price objective on shares of JPMorgan Chase & Co. from $153.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. BMO Capital Markets raised their price objective on shares of JPMorgan Chase & Co. from $154.00 to $169.00 and gave the stock a “market perform” rating in a research report on Monday, April 17th. Finally, Deutsche Bank Aktiengesellschaft cut shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their price objective for the stock from $155.00 to $145.00 in a research report on Friday, January 6th. Six investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus 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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