Capital Insight Partners LLC Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by on May 10th, 2023

Capital Insight Partners LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,247 shares of the financial services provider’s stock after purchasing an additional 2,168 shares during the period. JPMorgan Chase & Co. accounts for 1.2% of Capital Insight Partners LLC’s portfolio, making the stock its 17th biggest position. Capital Insight Partners LLC’s holdings in JPMorgan Chase & Co. were worth $4,727,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in JPM. Retirement Financial Solutions LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth about $26,000. Creative Capital Management Investments LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $30,000. Capital Directions Investment Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the fourth quarter worth about $44,000. Bellwether Advisors LLC boosted its position 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 worth $51,000 after purchasing an additional 268 shares in the last quarter. Finally, Delos Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 24.4% in the 3rd 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 last quarter. Institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.5 %

JPMorgan Chase & Co. stock opened at $136.41 on Wednesday. The business has a 50-day simple moving average of $133.81 and a two-hundred day simple moving average of $134.83. The company has a market cap of $398.63 billion, a P/E ratio of 10.07, a P/E/G ratio of 1.91 and a beta of 1.10. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $144.34. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.07.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released 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. The business had revenue of $38.35 billion during the quarter, compared to the consensus estimate of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.63 EPS. Analysts predict that JPMorgan Chase & Co. will post 14.33 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th were paid a dividend of $1.00 per share. The ex-dividend date of this dividend 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 is currently 29.52%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on JPM shares. Royal Bank of Canada lowered their price objective on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a research note on Friday, March 24th. Oppenheimer lifted their price objective on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a research note on Monday, April 17th. Evercore ISI lowered their price objective on JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, April 5th. Wells Fargo & Company lifted 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, Morgan Stanley lifted their price objective on JPMorgan Chase & Co. from $153.00 to $157.00 and gave the company an “overweight” rating in a research note on Monday, April 17th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently 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.

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

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