Horan Capital Advisors LLC. Has $4.93 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on May 8th, 2023

Horan Capital Advisors LLC. trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 36,775 shares of the financial services provider’s stock after selling 987 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.2% of Horan Capital Advisors LLC.’s holdings, making the stock its 7th biggest holding. Horan Capital Advisors LLC.’s holdings in JPMorgan Chase & Co. were worth $4,932,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Twin Lakes Capital Management LLC lifted its holdings in JPMorgan Chase & Co. by 0.5% in the fourth quarter. Twin Lakes Capital Management LLC now owns 13,786 shares of the financial services provider’s stock valued at $1,849,000 after acquiring an additional 71 shares during the period. Karpas Strategies LLC increased its position in shares of JPMorgan Chase & Co. by 0.3% during the fourth quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock worth $2,898,000 after purchasing an additional 71 shares in the last quarter. Premier Asset Management LLC grew its holdings in JPMorgan Chase & Co. by 1.7% in the 3rd quarter. Premier Asset Management LLC now owns 4,635 shares of the financial services provider’s stock valued at $484,000 after buying an additional 77 shares in the last quarter. Sage Rhino Capital LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.8% in the 4th quarter. Sage Rhino Capital LLC now owns 9,478 shares of the financial services provider’s stock valued at $1,271,000 after purchasing an additional 78 shares during the last quarter. Finally, Trellis Advisors LLC lifted its stake in JPMorgan Chase & Co. by 2.8% during the 3rd quarter. Trellis Advisors LLC now owns 2,897 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 79 shares in the last quarter. 67.89% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $136.74 on Monday. The company’s 50 day simple moving average is $134.05 and its two-hundred day simple moving average is $134.58. The stock has a market capitalization of $399.59 billion, a PE ratio of 10.09, a P/E/G ratio of 1.87 and a beta of 1.10. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $144.34. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.85 and a quick ratio of 0.84.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly 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. 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 last year, the firm earned $2.63 EPS. The company’s revenue was up 24.8% on a year-over-year basis. Analysts predict that JPMorgan Chase & Co. will post 14.33 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend 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%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on JPM shares. Morgan Stanley raised their target price on JPMorgan Chase & Co. from $153.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Oppenheimer boosted their price target on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a report on Monday, April 17th. Credit Suisse Group upped their price target on JPMorgan Chase & Co. from $155.00 to $160.00 in a research note on Tuesday, April 18th. Wells Fargo & Company upped their target price 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. Finally, 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. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus 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.