Northwest Wealth Management LLC Trims Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on May 9th, 2023

Northwest Wealth Management LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,883 shares of the financial services provider’s stock after selling 350 shares during the period. Northwest Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,057,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Retirement Financial Solutions LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $26,000. Creative Capital Management Investments LLC acquired a new position in JPMorgan Chase & Co. in the fourth quarter valued at about $30,000. Capital Directions Investment Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $44,000. Bellwether Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 119.1% in the 3rd quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock valued at $51,000 after buying an additional 268 shares during the period. Finally, Delos Wealth Advisors LLC lifted its stake in JPMorgan Chase & Co. by 24.4% during the 3rd 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 in the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Oppenheimer increased their price target on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a research report on Monday, April 17th. Piper Sandler upped their target price on JPMorgan Chase & Co. from $147.00 to $151.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. Citigroup raised their price target on JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. Wells Fargo & Company boosted their price objective on JPMorgan Chase & Co. from $155.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, April 17th. Finally, Royal Bank of Canada lowered their target price on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a research report on Friday, March 24th. Six equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $155.00.

JPMorgan Chase & Co. Stock Up 0.2 %

JPM opened at $137.07 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.84 and a current ratio of 0.85. The company has a market cap of $400.56 billion, a price-to-earnings ratio of 10.12, a PEG ratio of 1.91 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $144.34. The business’s fifty day moving average is $133.95 and its two-hundred day moving average is $134.73.

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

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, April 30th. Investors of record on Thursday, April 6th were paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.92%. The ex-dividend date of this dividend was Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is 29.52%.

About JPMorgan Chase & Co.

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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.