Cozad Asset Management Inc. Boosts Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on May 12th, 2023

Cozad Asset Management Inc. grew its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,926 shares of the financial services provider’s stock after purchasing an additional 509 shares during the quarter. Cozad Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $1,331,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Blume Capital Management Inc. boosted its stake in JPMorgan Chase & Co. by 38.9% during the 4th quarter. Blume Capital Management Inc. now owns 34,427 shares of the financial services provider’s stock worth $4,617,000 after purchasing an additional 9,650 shares during the last quarter. Amussen Hunsaker Associates LLC raised its holdings in JPMorgan Chase & Co. by 2.7% in the 4th quarter. Amussen Hunsaker Associates LLC now owns 3,362 shares of the financial services provider’s stock valued at $451,000 after buying an additional 89 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in JPMorgan Chase & Co. by 0.8% in the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 15,760 shares of the financial services provider’s stock valued at $2,113,000 after buying an additional 123 shares during the period. Lockerman Financial Group Inc. raised its holdings in JPMorgan Chase & Co. by 4.3% in the 4th quarter. Lockerman Financial Group Inc. now owns 3,254 shares of the financial services provider’s stock valued at $436,000 after buying an additional 133 shares during the period. Finally, KCS Wealth Advisory raised its holdings in JPMorgan Chase & Co. by 2.0% in the 4th quarter. KCS Wealth Advisory now owns 23,559 shares of the financial services provider’s stock valued at $3,159,000 after buying an additional 465 shares during the period. Institutional investors and hedge funds own 67.89% of the company’s stock.

Insider Activity

In other news, CEO Daniel E. Pinto sold 113,640 shares of the stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $135.93, for a total value of $15,447,085.20. Following the completion of the sale, the chief executive officer now directly owns 566,665 shares of the company’s stock, valued at $77,026,773.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $136.05 on Friday. The stock has a 50 day moving average price of $133.58 and a 200 day moving average price of $134.85. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $397.58 billion, a price-to-earnings ratio of 10.04, a price-to-earnings-growth 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.

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, beating analysts’ consensus estimates 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 return on equity of 16.02% and a net margin of 23.73%. The firm’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the company posted $2.63 earnings per share. Research analysts predict that JPMorgan Chase & Co. will post 14.33 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed 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 2.94%. The ex-dividend date of this dividend was Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is currently 29.52%.

Analyst Ratings Changes

Several brokerages recently issued reports on JPM. BMO Capital Markets boosted their price objective on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a report on Tuesday, May 2nd. Citigroup boosted their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. Odeon Capital Group upgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. Barclays cut their price target on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 12th. Finally, Evercore ISI cut their price target on shares of JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 5th. Six equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.