FCF Advisors LLC Sells 8,372 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by on Apr 30th, 2023

FCF Advisors LLC decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 58.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,065 shares of the financial services provider’s stock after selling 8,372 shares during the period. FCF Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $813,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Albion Financial Group UT grew its position in JPMorgan Chase & Co. by 1.0% during the 4th quarter. Albion Financial Group UT now owns 133,897 shares of the financial services provider’s stock worth $17,956,000 after acquiring an additional 1,366 shares during the last quarter. Ignite Planners LLC grew its position in JPMorgan Chase & Co. by 11.8% during the 4th quarter. Ignite Planners LLC now owns 9,927 shares of the financial services provider’s stock worth $1,395,000 after acquiring an additional 1,044 shares during the last quarter. Centurion Wealth Management LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth $358,000. Cornerstone Retirement Group Inc. bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth $241,000. Finally, AJ Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth $238,000. Institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.9 %

Shares of NYSE:JPM opened at $138.24 on Friday. The business’s 50-day moving average is $134.33 and its 200-day moving average is $133.56. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 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 company has a market capitalization of $405.25 billion, a price-to-earnings ratio of 10.20, a P/E/G ratio of 1.98 and a beta of 1.10.

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 for the quarter, topping analysts’ consensus estimates of $3.41 by $0.69. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The business had revenue of $38.35 billion for the quarter, compared to the consensus estimate of $35.77 billion. During the same period in the prior year, the business earned $2.63 EPS. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. Equities research analysts predict that JPMorgan Chase & Co. will post 13.85 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 29.52%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on JPM shares. Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the stock a “market perform” rating in a research report on Monday, April 17th. UBS Group set a $156.00 price target on JPMorgan Chase & Co. in a research report on Friday, January 13th. Piper Sandler upped their price target on JPMorgan Chase & Co. from $147.00 to $151.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. Evercore ISI reduced their price target on JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 5th. Finally, Deutsche Bank Aktiengesellschaft lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their price target for the company from $155.00 to $145.00 in a research report on Friday, January 6th. 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.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.94.

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.

Further Reading

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

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