Lincoln National Corp Has $13.84 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on May 11th, 2023

Lincoln National Corp increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 103,182 shares of the financial services provider’s stock after acquiring an additional 2,874 shares during the quarter. Lincoln National Corp’s holdings in JPMorgan Chase & Co. were worth $13,837,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Retirement Financial Solutions LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $26,000. Creative Capital Management Investments LLC acquired a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $30,000. Capital Directions Investment Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $44,000. Bellwether Advisors LLC raised its holdings in JPMorgan Chase & Co. by 119.1% during the third quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 268 shares in the last quarter. Finally, Delos Wealth Advisors LLC boosted its holdings 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 valued at $53,000 after buying an additional 99 shares during the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.1 %

JPMorgan Chase & Co. stock opened at $136.48 on Thursday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $398.83 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 1.91 and a beta of 1.10. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $144.34. The business’s fifty day simple moving average is $133.68 and its two-hundred day simple moving average is $134.84.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its earnings results on Friday, April 14th. The financial services provider reported $4.10 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 during the quarter, compared to the consensus estimate of $35.77 billion. During the same quarter in the previous year, the firm posted $2.63 EPS. The firm’s revenue was up 24.8% on a year-over-year basis. As a group, equities analysts predict that JPMorgan Chase & Co. will post 14.33 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, April 30th. Shareholders 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 annualized dividend and a yield of 2.93%. JPMorgan Chase & Co.’s payout ratio is 29.52%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Citigroup lifted their price target on JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $153.00 to $157.00 and gave the company an “overweight” rating in a report on Monday, April 17th. Evercore ISI decreased their target price 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. The Goldman Sachs Group increased their price objective on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. Finally, Bank of America increased their price objective on shares of JPMorgan Chase & Co. from $152.00 to $158.00 and gave the company a “buy” 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 company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $155.00.

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.