JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Hamel Associates Inc.

Posted by on May 3rd, 2023

Hamel Associates Inc. lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 9.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,477 shares of the financial services provider’s stock after selling 1,577 shares during the quarter. Hamel Associates Inc.’s holdings in JPMorgan Chase & Co. were worth $1,942,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Aptus Capital Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 11.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 153,622 shares of the financial services provider’s stock valued at $16,054,000 after acquiring an additional 15,607 shares during the period. Leisure Capital Management grew its position in JPMorgan Chase & Co. by 2.7% during the 3rd quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider’s stock worth $2,376,000 after purchasing an additional 600 shares during the last quarter. Ballentine Partners LLC increased its stake in JPMorgan Chase & Co. by 12.4% in the third quarter. Ballentine Partners LLC now owns 51,929 shares of the financial services provider’s stock valued at $5,427,000 after purchasing an additional 5,719 shares during the period. Argus Investors Counsel Inc. raised its holdings in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock valued at $3,256,000 after buying an additional 149 shares during the last quarter. Finally, BerganKDV Wealth Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 6.1% during the third quarter. BerganKDV Wealth Management LLC now owns 35,995 shares of the financial services provider’s stock worth $3,762,000 after buying an additional 2,079 shares during the period. Institutional investors and hedge funds own 67.89% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $138.92 on Wednesday. The stock has a fifty day moving average price of $134.29 and a 200 day moving average price of $134.19. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.84 and a current ratio of 0.85. The stock has a market cap of $407.24 billion, a PE ratio of 10.25, a P/E/G ratio of 1.98 and a beta of 1.10. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $144.34.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.69. The business had revenue of $38.35 billion during 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 business’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.63 EPS. Sell-side analysts forecast that JPMorgan Chase & Co. will post 14 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have weighed in on JPM. Citigroup increased their price objective on JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Bank of America increased their price target on JPMorgan Chase & Co. from $152.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, April 17th. Deutsche Bank Aktiengesellschaft lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lowered their price objective for the company from $155.00 to $145.00 in a research report on Friday, January 6th. Morgan Stanley upped their price objective on shares of JPMorgan Chase & Co. from $153.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Finally, UBS Group set a $156.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average 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.

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

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