1900 Wealth Management LLC Acquires 177 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by on May 3rd, 2023

1900 Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,847 shares of the financial services provider’s stock after purchasing an additional 177 shares during the quarter. 1900 Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $5,478,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Twin Lakes Capital Management LLC raised its position in JPMorgan Chase & Co. by 0.5% during the fourth quarter. Twin Lakes Capital Management LLC now owns 13,786 shares of the financial services provider’s stock worth $1,849,000 after acquiring an additional 71 shares in the last quarter. Premier Asset Management LLC raised its position in shares of JPMorgan Chase & Co. by 1.7% in the third quarter. Premier Asset Management LLC now owns 4,635 shares of the financial services provider’s stock valued at $484,000 after purchasing an additional 77 shares during the period. Sage Rhino Capital LLC raised its position in shares of JPMorgan Chase & Co. by 0.8% in the fourth quarter. Sage Rhino Capital LLC now owns 9,478 shares of the financial services provider’s stock valued at $1,271,000 after purchasing an additional 78 shares during the period. Trellis Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 2.8% in the third quarter. Trellis Advisors LLC now owns 2,897 shares of the financial services provider’s stock valued at $302,000 after purchasing an additional 79 shares during the period. Finally, Karpas Strategies LLC raised its position in shares of JPMorgan Chase & Co. by 0.4% in the third quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock valued at $2,251,000 after purchasing an additional 80 shares during the period. 67.89% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Trading Down 1.6 %

Shares of JPMorgan Chase & Co. stock opened at $138.92 on Wednesday. The company has a market capitalization of $407.24 billion, a price-to-earnings ratio of 10.25, 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. 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 $134.29 and its two-hundred day moving average price is $134.19.

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, beating analysts’ consensus estimates 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 company had revenue of $38.35 billion for the quarter, compared to the consensus estimate of $35.77 billion. During the same period last year, the company posted $2.63 EPS. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. On average, analysts forecast that JPMorgan Chase & Co. will post 14 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th were paid a $1.00 dividend. The ex-dividend date was Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.88%. JPMorgan Chase & Co.’s payout ratio is currently 29.52%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on JPM shares. Bank of America increased their price objective on shares of JPMorgan Chase & Co. from $152.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, April 17th. BMO Capital Markets increased their price objective on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a research report on Tuesday. Evercore ISI lowered their price target on shares of 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. Keefe, Bruyette & Woods raised their price target on shares of 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. Finally, Wells Fargo & Company raised their price target on shares of JPMorgan Chase & Co. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $155.00.

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.

See Also

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

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