Insight 2811 Inc. Has $621,000 Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Posted by on May 10th, 2023

Insight 2811 Inc. grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 51.5% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,633 shares of the financial services provider’s stock after purchasing an additional 1,575 shares during the period. Insight 2811 Inc.’s holdings in JPMorgan Chase & Co. were worth $621,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Retirement Financial Solutions LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $26,000. Creative Capital Management Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $30,000. Capital Directions Investment Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $44,000. VitalStone Financial LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $58,000. Finally, Marshall & Sullivan Inc. WA acquired a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $60,000. Institutional investors and hedge funds own 67.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on JPM. 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 increased 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. Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Odeon Capital Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. Finally, Morgan Stanley increased their price objective on shares of 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 analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $155.00.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $136.41 on Wednesday. The company has a fifty day moving average price of $133.81 and a 200-day moving average price of $134.83. The company has a market capitalization of $398.63 billion, a P/E ratio of 10.07, a PEG 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 debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.85.

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 the consensus estimate 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 firm had revenue of $38.35 billion during the quarter, compared to the consensus estimate of $35.77 billion. During the same quarter last year, the firm earned $2.63 earnings per share. The company’s revenue for the quarter was up 24.8% on a year-over-year basis. As a group, equities analysts expect that JPMorgan Chase & Co. will post 14.33 EPS for the current 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 dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 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.

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

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