D.A. Davidson & CO. Buys 4,193 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Apr 30th, 2023

D.A. Davidson & CO. increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 376,103 shares of the financial services provider’s stock after purchasing an additional 4,193 shares during the period. D.A. Davidson & CO.’s holdings in JPMorgan Chase & Co. were worth $50,421,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of JPM. Cottage Street Advisors LLC increased its position in shares of 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 worth $674,000 after purchasing an additional 4,064,396 shares during the last quarter. Barclays PLC increased its position in shares of 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 worth $843,433,000 after purchasing an additional 3,531,637 shares during the last quarter. Vanguard Group Inc. increased its position in shares of 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 worth $28,480,408,000 after purchasing an additional 2,918,554 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of 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 worth $363,169,000 after purchasing an additional 2,628,701 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in 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 worth $354,426,000 after buying an additional 2,464,462 shares in the last quarter. 67.89% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $138.24 on Friday. The stock has a fifty day moving average of $134.33 and a 200 day moving average of $133.56. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $144.34. The firm has a market capitalization of $405.25 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 1.98 and a beta of 1.10. The company has a quick ratio of 0.84, a current ratio of 0.85 and a debt-to-equity ratio of 1.07.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.69. The company 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%. The firm’s revenue was up 24.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.63 earnings per share. As a group, research analysts expect that JPMorgan Chase & Co. will post 13.85 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a yield of 2.89%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.52%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JPM. Royal Bank of Canada cut their target price on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a research note on Friday, March 24th. Oppenheimer upped their target price on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a research note on Monday, April 17th. UBS Group set a $156.00 target price on JPMorgan Chase & Co. in a research note on Friday, January 13th. Bank of America upped their target price on JPMorgan Chase & Co. from $152.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, April 17th. Finally, Barclays cut their target price on JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating for the company in a research note on Wednesday, April 12th. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $154.94.

About JPMorgan Chase & Co.

(Get Rating)

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.