Albion Financial Group UT Increases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Posted by on Apr 30th, 2023

Albion Financial Group UT raised its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 1.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 133,897 shares of the financial services provider’s stock after acquiring an additional 1,366 shares during the quarter. JPMorgan Chase & Co. makes up 1.7% of Albion Financial Group UT’s portfolio, making the stock its 15th largest holding. Albion Financial Group UT’s holdings in JPMorgan Chase & Co. were worth $17,956,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Ignite Planners LLC raised its holdings in JPMorgan Chase & Co. by 11.8% in the 4th quarter. Ignite Planners LLC now owns 9,927 shares of the financial services provider’s stock worth $1,395,000 after purchasing an additional 1,044 shares during the period. Centurion Wealth Management LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $358,000. Cornerstone Retirement Group Inc. bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $241,000. AJ Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $238,000. Finally, Ledge Wealth Management Inc. lifted its position in shares of JPMorgan Chase & Co. by 26.3% during the 4th quarter. Ledge Wealth Management Inc. now owns 20,696 shares of the financial services provider’s stock valued at $2,775,000 after buying an additional 4,309 shares in the last quarter. Institutional investors own 67.89% of the company’s stock.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent analyst reports. UBS Group set a $156.00 target price on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. Morgan Stanley lifted their target price on shares of JPMorgan Chase & Co. from $153.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday, April 17th. Credit Suisse Group increased their price target on JPMorgan Chase & Co. from $155.00 to $160.00 in a research note on Tuesday, April 18th. BMO Capital Markets boosted their price objective 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, Keefe, Bruyette & Woods lifted their target price on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a research note on Monday, April 17th. Six investment 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, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $154.94.

JPMorgan Chase & Co. Stock Up 0.9 %

Shares of NYSE JPM opened at $138.24 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 1.07. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month high of $144.34. The firm’s 50-day moving average price is $134.33 and its 200-day moving average price is $133.56. The stock 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 issued its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.69. The business 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 quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.63 earnings per share. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 13.85 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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 paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.89%. The ex-dividend date is Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is 29.52%.

JPMorgan Chase & Co. Company 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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