JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Lmcg Investments LLC

Posted by on May 6th, 2023

Lmcg Investments LLC raised its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,048 shares of the financial services provider’s stock after acquiring an additional 420 shares during the period. JPMorgan Chase & Co. accounts for approximately 1.9% of Lmcg Investments LLC’s portfolio, making the stock its 6th largest position. Lmcg Investments LLC’s holdings in JPMorgan Chase & Co. were worth $27,631,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of JPM. Retirement Financial Solutions LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $26,000. Creative Capital Management Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $30,000. Capital Directions Investment Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $44,000. Bellwether Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 119.1% during the third quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock worth $51,000 after buying an additional 268 shares during the period. Finally, Delos Wealth Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 24.4% during the third quarter. Delos Wealth Advisors LLC now owns 505 shares of the financial services provider’s stock worth $53,000 after buying an additional 99 shares during the period. Institutional investors and hedge funds own 67.89% of the company’s stock.

JPMorgan Chase & Co. Trading Up 2.0 %

Shares of JPM opened at $136.74 on Friday. 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 50 day simple moving average of $134.05 and a 200-day simple moving average of $134.35. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $144.34. The stock has a market cap of $400.85 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 1.93 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 earnings per share 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 analysts’ expectations of $35.77 billion. During the same period last year, the company posted $2.63 EPS. The company’s revenue was up 24.8% on a year-over-year basis. Equities analysts forecast that JPMorgan Chase & Co. will post 14.11 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th were paid 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 (DPR) is 29.52%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on JPM. Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $155.00 to $165.00 and gave the stock an “overweight” rating in a report on Monday, April 17th. Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a report on Monday, April 17th. UBS Group set a $156.00 price target on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. Royal Bank of Canada cut their price target on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a report on Friday, March 24th. Finally, Credit Suisse Group increased their price target on shares of JPMorgan Chase & Co. from $155.00 to $160.00 in a report on Tuesday, April 18th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $155.00.

JPMorgan Chase & Co. 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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