JPMorgan Chase & Co. (NYSE:JPM) Stake Reduced by Bogart Wealth LLC

Posted by on May 4th, 2023

Bogart Wealth LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 11.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,495 shares of the financial services provider’s stock after selling 4,044 shares during the quarter. Bogart Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $4,358,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in JPM. Retirement Financial Solutions LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $26,000. Creative Capital Management Investments LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $30,000. Capital Directions Investment Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $44,000. Bellwether Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 119.1% in the third quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 268 shares in the last quarter. Finally, Delos Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 24.4% in the third quarter. Delos Wealth Advisors LLC now owns 505 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 99 shares in the last quarter. 67.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports 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 report on Monday, April 17th. Evercore ISI decreased their price objective on shares of JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating for the company in a report on Wednesday, April 5th. Odeon Capital Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Monday. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $155.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, April 17th. Finally, Deutsche Bank Aktiengesellschaft lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lowered their target price for the stock from $155.00 to $145.00 in a report on Friday, January 6th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $155.00.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $135.98 on Thursday. The company has a market capitalization of $398.62 billion, a price-to-earnings ratio of 10.04, a P/E/G ratio of 1.98 and a beta of 1.10. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week 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 business’s 50-day moving average is $134.24 and its 200-day moving average is $134.20.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its 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 return on equity of 16.02% and a net margin of 23.73%. The company had revenue of $38.35 billion for the quarter, compared to the consensus estimate of $35.77 billion. During the same quarter in the prior year, the company earned $2.63 EPS. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. Equities research analysts expect that JPMorgan Chase & Co. will post 14 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date of this dividend was Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.

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

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

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