Nelson Capital Management LLC Sells 4,347 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by on Apr 29th, 2023

Nelson Capital Management LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 9.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 40,704 shares of the financial services provider’s stock after selling 4,347 shares during the period. JPMorgan Chase & Co. comprises approximately 1.6% of Nelson Capital Management LLC’s investment portfolio, making the stock its 23rd largest holding. Nelson Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $5,458,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of JPM. Cottage Street Advisors LLC raised its stake in JPMorgan Chase & Co. by 11,378.2% in the fourth quarter. Cottage Street Advisors LLC now owns 4,100,117 shares of the financial services provider’s stock valued at $674,000 after buying an additional 4,064,396 shares during the period. Barclays PLC raised its stake in JPMorgan Chase & Co. by 77.8% in the third quarter. Barclays PLC now owns 8,071,119 shares of the financial services provider’s stock valued at $843,433,000 after buying an additional 3,531,637 shares during the period. Vanguard Group Inc. raised its stake in JPMorgan Chase & Co. by 1.1% in the third quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock valued at $28,480,408,000 after buying an additional 2,918,554 shares during the period. Arrowstreet Capital Limited Partnership raised its stake in JPMorgan Chase & Co. by 7,427.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock valued at $363,169,000 after buying an additional 2,628,701 shares during the period. Finally, Federated Hermes Inc. grew its position in shares of JPMorgan Chase & Co. by 265.8% in the third 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.

Analyst Ratings Changes

JPM has been the topic of several research reports. Citigroup upped their target price on JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Barclays decreased their target price on JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 12th. 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. UBS Group set a $156.00 target price on JPMorgan Chase & Co. in a research report on Friday, January 13th. Finally, The Goldman Sachs Group upped their target price on JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. Six equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $154.94.

JPMorgan Chase & Co. Trading Up 0.9 %

Shares of JPM 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. The company has a market cap of $405.25 billion, a PE ratio of 10.20, a P/E/G ratio of 1.95 and a beta of 1.10. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $144.34. 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. (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. Equities analysts predict 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%.

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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