JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Wrapmanager Inc.

Posted by Defense World Staff on May 4th, 2023

Wrapmanager Inc. lifted its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,654 shares of the financial services provider’s stock after purchasing an additional 147 shares during the period. JPMorgan Chase & Co. makes up 0.8% of Wrapmanager Inc.’s investment portfolio, making the stock its 29th largest holding. Wrapmanager Inc.’s holdings in JPMorgan Chase & Co. were worth $2,367,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in JPM. Retirement Financial Solutions LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $26,000. Creative Capital Management Investments LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $30,000. Capital Directions Investment Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $44,000. Bellwether Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 119.1% during the 3rd 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 increased its stake in shares of JPMorgan Chase & Co. by 24.4% during the 3rd 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. Hedge funds and other institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Stock Down 2.1 %

Shares of NYSE:JPM opened at $135.98 on Thursday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.84 and a current ratio of 0.85. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $144.34. The stock has a market capitalization of $398.62 billion, a P/E ratio of 10.04, a PEG ratio of 1.98 and a beta of 1.10. The stock has a 50-day simple moving average of $134.24 and a 200-day simple moving average of $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 (EPS) for the quarter, topping 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 business had revenue of $38.35 billion during the quarter, compared to analysts’ expectations of $35.77 billion. During the same quarter in the previous year, the business earned $2.63 EPS. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. Equities analysts forecast that JPMorgan Chase & Co. will post 14 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

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

Analyst Ratings Changes

A number of brokerages have recently weighed in on JPM. Bank of America raised their price objective on shares of JPMorgan Chase & Co. from $152.00 to $158.00 and gave the stock a “buy” rating in a research note on Monday, April 17th. UBS Group set a $156.00 price objective on JPMorgan Chase & Co. in a research report on Friday, January 13th. Credit Suisse Group lifted their price objective on JPMorgan Chase & Co. from $155.00 to $160.00 in a research report on Tuesday, April 18th. The Goldman Sachs Group lifted their price objective on JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. Finally, Odeon Capital Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Monday. 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. currently has an average rating of “Moderate Buy” and an average 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.