JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Arkansas Financial Group Inc.

Posted by on May 4th, 2023

Arkansas Financial Group Inc. cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 3.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,713 shares of the financial services provider’s stock after selling 153 shares during the quarter. Arkansas Financial Group Inc.’s holdings in JPMorgan Chase & Co. were worth $632,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of JPM. Cottage Street Advisors LLC boosted its position in JPMorgan Chase & Co. by 11,378.2% during the fourth quarter. Cottage Street Advisors LLC now owns 4,100,117 shares of the financial services provider’s stock worth $674,000 after purchasing an additional 4,064,396 shares in the last quarter. Barclays PLC lifted its holdings in shares of JPMorgan Chase & Co. by 77.8% in the third quarter. Barclays PLC now owns 8,071,119 shares of the financial services provider’s stock valued at $843,433,000 after purchasing an additional 3,531,637 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 1.1% in the third quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock valued at $28,480,408,000 after purchasing an additional 2,918,554 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of JPMorgan Chase & Co. by 7,427.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock valued at $363,169,000 after purchasing an additional 2,628,701 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 265.8% in the third quarter. Federated Hermes Inc. now owns 3,391,632 shares of the financial services provider’s stock valued at $354,426,000 after purchasing an additional 2,464,462 shares in the last quarter. 67.89% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Bank of America upped their price target 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. Royal Bank of Canada reduced their price objective on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a research report on Friday, March 24th. Deutsche Bank Aktiengesellschaft downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their price objective for the company from $155.00 to $145.00 in a research note on Friday, January 6th. The Goldman Sachs Group upped their price objective on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research note on Friday, April 14th. Finally, Evercore ISI reduced their price objective on shares of JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 5th. 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $155.00.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $135.98 on Thursday. The company’s fifty day simple moving average is $134.24 and its 200-day simple moving average is $134.20. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $144.34. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 1.07. The company has a market cap 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. (NYSE:JPM – Get Rating) last issued its earnings results on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.69. The business had revenue of $38.35 billion for the quarter, compared to the consensus estimate of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The business’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same quarter last year, the firm posted $2.63 EPS. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 14 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

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

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.

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

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