My Legacy Advisors LLC Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by on May 8th, 2023

My Legacy Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 3.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,460 shares of the financial services provider’s stock after buying an additional 329 shares during the quarter. My Legacy Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,476,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in JPM. Retirement Financial Solutions LLC purchased a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $26,000. Creative Capital Management Investments LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $30,000. Capital Directions Investment Advisors LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter valued at approximately $44,000. Bellwether Advisors LLC grew its holdings in JPMorgan Chase & Co. by 119.1% during the third quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 268 shares during the last quarter. Finally, Delos Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 24.4% in the third quarter. Delos Wealth Advisors LLC now owns 505 shares of the financial services provider’s stock worth $53,000 after acquiring an additional 99 shares during the last quarter. 67.89% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $136.74 on Monday. The firm has a market cap of $399.59 billion, a price-to-earnings ratio of 10.09, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10. JPMorgan Chase & Co. has a 12-month low of $101.28 and a 12-month 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’s 50-day moving average is $134.05 and its two-hundred day moving average is $134.58.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.69. The firm had revenue of $38.35 billion for the quarter, compared to analysts’ expectations of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The firm’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period last year, the business posted $2.63 earnings per share. Research analysts expect that JPMorgan Chase & Co. will post 14.33 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. Bank of America raised their target price 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. The Goldman Sachs Group boosted their target price on JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. Barclays decreased their target price on JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating for the company in a research report on Wednesday, April 12th. Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $147.00 to $151.00 and gave the company an “overweight” rating in a report on Monday, April 17th. Finally, Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the stock a “market perform” rating in a research note on Monday, April 17th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $155.00.

JPMorgan Chase & Co. Company 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.

Featured Stories

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

Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.