Column Capital Advisors LLC Increases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Posted by on May 4th, 2023

Column Capital Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 2.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 8,980 shares of the financial services provider’s stock after purchasing an additional 224 shares during the period. Column Capital Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Retirement Financial Solutions LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $26,000. Creative Capital Management Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $30,000. Capital Directions Investment Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at $44,000. Bellwether Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 119.1% during the third quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock valued at $51,000 after buying an additional 268 shares during the last quarter. Finally, Delos Wealth Advisors LLC boosted its position in 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 valued at $53,000 after buying an additional 99 shares during the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Trading Down 2.1 %

Shares of JPMorgan Chase & Co. stock opened at $135.98 on Thursday. The firm has a market capitalization of $398.62 billion, a PE ratio of 10.04, a P/E/G ratio of 1.98 and a beta of 1.10. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $144.34. The firm’s 50-day moving average price is $134.24 and its 200 day moving average price is $134.20. 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. (NYSE:JPM – Get Rating) last announced its quarterly earnings data 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. The company had revenue of $38.35 billion for 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 for the quarter was up 24.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.63 EPS. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 14 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th were paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date of this dividend was Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.52%.

Analyst Ratings Changes

A number of equities research analysts recently commented on JPM shares. The Goldman Sachs Group upped their target price on JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. Oppenheimer upped their price target on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a report on Monday, April 17th. BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a report on Tuesday. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Finally, Odeon Capital Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Monday. Six investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $155.00.

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.

See Also

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

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