JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by NewSquare Capital LLC

Posted by on May 6th, 2023

NewSquare Capital LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 6.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,256 shares of the financial services provider’s stock after purchasing an additional 2,533 shares during the quarter. NewSquare Capital LLC’s holdings in JPMorgan Chase & Co. were worth $5,667,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Aptus Capital Advisors LLC boosted its position in JPMorgan Chase & Co. by 11.3% during the 3rd quarter. Aptus Capital Advisors LLC now owns 153,622 shares of the financial services provider’s stock valued at $16,054,000 after purchasing an additional 15,607 shares during the period. Leisure Capital Management boosted its position in JPMorgan Chase & Co. by 2.7% during the 3rd quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider’s stock valued at $2,376,000 after purchasing an additional 600 shares during the period. Ballentine Partners LLC boosted its position in JPMorgan Chase & Co. by 12.4% during the 3rd quarter. Ballentine Partners LLC now owns 51,929 shares of the financial services provider’s stock valued at $5,427,000 after purchasing an additional 5,719 shares during the period. Argus Investors Counsel Inc. boosted its position in JPMorgan Chase & Co. by 0.6% during the 4th quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock worth $3,256,000 after acquiring an additional 149 shares during the period. Finally, BerganKDV Wealth Management LLC boosted its position in JPMorgan Chase & Co. by 6.1% during the 3rd quarter. BerganKDV Wealth Management LLC now owns 35,995 shares of the financial services provider’s stock worth $3,762,000 after acquiring an additional 2,079 shares during the period. Institutional investors and hedge funds own 67.89% of the company’s stock.

JPMorgan Chase & Co. Stock Up 2.0 %

Shares of JPMorgan Chase & Co. stock opened at $136.74 on Friday. The stock’s fifty day moving average is $134.05 and its 200-day moving average is $134.35. The firm has a market capitalization 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 quick ratio of 0.84, a current ratio of 0.85 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.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced 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. 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%. JPMorgan Chase & Co.’s revenue for the quarter was up 24.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.63 earnings per share. Equities analysts anticipate that JPMorgan Chase & Co. will post 14.11 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th were issued a dividend of $1.00 per share. The ex-dividend date was Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.93%. JPMorgan Chase & Co.’s dividend payout ratio is 29.52%.

Analyst Ratings Changes

A number of brokerages have issued reports on JPM. Wells Fargo & Company boosted their price target on JPMorgan Chase & Co. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Keefe, Bruyette & Woods boosted their price target on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the stock a “market perform” rating in a research report on Monday, April 17th. Credit Suisse Group boosted their price target on JPMorgan Chase & Co. from $155.00 to $160.00 in a research report on Tuesday, April 18th. Evercore ISI reduced their price target on JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating for the company in a research report on Wednesday, April 5th. Finally, Bank of America boosted their price target on JPMorgan Chase & Co. from $152.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, April 17th. Six investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.

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

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