Centered Wealth LLC dba Miller Equity Capital Advisors Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on May 8th, 2023

Centered Wealth LLC dba Miller Equity Capital Advisors increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 12.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,677 shares of the financial services provider’s stock after purchasing an additional 300 shares during the period. Centered Wealth LLC dba Miller Equity Capital Advisors’ holdings in JPMorgan Chase & Co. were worth $359,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Cantor Fitzgerald Investment Advisor L.P boosted its position in JPMorgan Chase & Co. by 81.1% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after buying an additional 99,636 shares during the period. BCK Partners Inc. purchased a new stake in JPMorgan Chase & Co. in the 1st quarter valued at about $2,455,000. LSV Asset Management boosted its position in JPMorgan Chase & Co. by 35.6% in the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after buying an additional 9,800 shares during the period. Wsfs Capital Management LLC boosted its position in JPMorgan Chase & Co. by 70.8% in the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after buying an additional 1,749 shares during the period. Finally, Lumature Wealth Partners LLC boosted its position in JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after buying an additional 3,527 shares during the period. 67.89% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently weighed in on JPM. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. UBS Group set a $156.00 price target on shares of JPMorgan Chase & Co. in a research report on Friday, January 13th. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Credit Suisse Group upped their price target on shares of JPMorgan Chase & Co. from $155.00 to $160.00 in a research report on Tuesday, April 18th. Finally, Evercore ISI lowered their price target on shares of 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. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $155.00.

JPMorgan Chase & Co. Trading Up 2.0 %

Shares of JPMorgan Chase & Co. stock opened at $136.74 on Monday. 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 firm has a market capitalization of $399.59 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 1.87 and a beta of 1.10. The firm’s 50 day simple moving average is $134.05 and its two-hundred day simple moving average is $134.58.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $35.77 billion. During the same quarter in the prior year, the business posted $2.63 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 24.8% compared to the same quarter last year. Analysts predict that JPMorgan Chase & Co. will post 14.33 EPS for the current 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 $1.00 dividend. 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 payout ratio is currently 29.52%.

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.