Lionsbridge Wealth Management LLC Acquires 89 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by on May 6th, 2023

Lionsbridge Wealth Management LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,304 shares of the financial services provider’s stock after purchasing an additional 89 shares during the quarter. Lionsbridge Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in 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 worth $28,480,408,000 after buying an additional 2,918,554 shares during the period. Dimensional Fund Advisors LP lifted its holdings in JPMorgan Chase & Co. by 5.3% in the third quarter. Dimensional Fund Advisors LP now owns 21,084,558 shares of the financial services provider’s stock worth $2,203,621,000 after buying an additional 1,058,790 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in JPMorgan Chase & Co. by 4.5% in the first quarter. Charles Schwab Investment Management Inc. now owns 18,607,661 shares of the financial services provider’s stock worth $2,536,598,000 after buying an additional 805,196 shares during the period. Nuveen Asset Management LLC lifted its holdings in JPMorgan Chase & Co. by 0.7% in the third quarter. Nuveen Asset Management LLC now owns 15,606,783 shares of the financial services provider’s stock worth $1,630,909,000 after buying an additional 102,242 shares during the period. Finally, Boston Partners lifted its holdings in JPMorgan Chase & Co. by 28.4% in the third quarter. Boston Partners now owns 10,063,918 shares of the financial services provider’s stock worth $1,061,182,000 after buying an additional 2,227,785 shares during the period. 67.89% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 2.0 %

NYSE:JPM opened at $136.74 on Friday. 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. has a 12 month low of $101.28 and a 12 month high of $144.34. The company has a market cap of $400.85 billion, a PE ratio of 10.09, a price-to-earnings-growth ratio of 1.93 and a beta of 1.10. The company has a 50 day simple moving average of $134.05 and a two-hundred day simple moving average of $134.35.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its earnings results 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 business had revenue of $38.35 billion during the quarter, compared to the consensus estimate of $35.77 billion. During the same quarter in the previous year, the firm posted $2.63 EPS. The firm’s revenue was up 24.8% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 14.11 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th were given a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.

Analyst Upgrades and Downgrades

Several brokerages have commented 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 report on Monday, April 17th. Evercore ISI lowered their target price 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. Citigroup lifted their target price on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Morgan Stanley lifted their target price on shares of JPMorgan Chase & Co. from $153.00 to $157.00 and gave the company an “overweight” rating in a report on Monday, April 17th. Finally, Piper Sandler lifted their target price on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the company an “overweight” rating in a report on Monday, April 17th. 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 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

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

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