JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Neumann Capital Management LLC

Posted by Defense World Staff on May 4th, 2023

Neumann Capital Management LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 1.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,699 shares of the financial services provider’s stock after selling 200 shares during the period. Neumann Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,837,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Birchcreek Wealth Management LLC raised its holdings in JPMorgan Chase & Co. by 2.4% in the 4th quarter. Birchcreek Wealth Management LLC now owns 5,495 shares of the financial services provider’s stock valued at $737,000 after acquiring an additional 130 shares during the last quarter. Column Capital Advisors LLC raised its holdings in JPMorgan Chase & Co. by 2.6% in the 4th quarter. Column Capital Advisors LLC now owns 8,980 shares of the financial services provider’s stock valued at $1,204,000 after acquiring an additional 224 shares during the last quarter. Ropes Wealth Advisors LLC raised its holdings in JPMorgan Chase & Co. by 3.7% in the 4th quarter. Ropes Wealth Advisors LLC now owns 63,946 shares of the financial services provider’s stock valued at $8,575,000 after acquiring an additional 2,252 shares during the last quarter. Glassman Wealth Services raised its holdings in JPMorgan Chase & Co. by 12.1% in the 4th quarter. Glassman Wealth Services now owns 6,864 shares of the financial services provider’s stock valued at $920,000 after acquiring an additional 739 shares during the last quarter. Finally, TMD Wealth Management LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $231,000. 67.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. BMO Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a research note on Tuesday. Keefe, Bruyette & Woods boosted their price objective on shares of JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a research note on Monday, April 17th. Oppenheimer boosted their price objective on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a research note on Monday, April 17th. Citigroup boosted their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. Finally, Deutsche Bank Aktiengesellschaft cut 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 note on Friday, January 6th. Six investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus 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. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month 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 firm has a market capitalization of $398.62 billion, a P/E ratio of 10.04, a P/E/G ratio of 1.98 and a beta of 1.10. The company’s fifty day moving average price is $134.24 and its two-hundred day moving average price is $134.20.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, topping analysts’ consensus estimates of $3.41 by $0.69. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The firm had revenue of $38.35 billion for the quarter, compared to analyst estimates of $35.77 billion. During the same quarter in the previous year, the business posted $2.63 EPS. The firm’s revenue was up 24.8% compared to the same quarter last year. On average, research analysts anticipate that JPMorgan Chase & Co. will post 14 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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

JPMorgan Chase & Co. Profile

(Get Rating)

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.