Gamble Jones Investment Counsel Buys 377 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by on May 12th, 2023

Gamble Jones Investment Counsel increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,291 shares of the financial services provider’s stock after acquiring an additional 377 shares during the quarter. Gamble Jones Investment Counsel’s holdings in JPMorgan Chase & Co. were worth $6,208,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Retirement Financial Solutions LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $26,000. Creative Capital Management Investments LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $30,000. Capital Directions Investment Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $44,000. VitalStone Financial LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $58,000. Finally, Marshall & Sullivan Inc. WA bought a new stake in JPMorgan Chase & Co. during the 4th quarter valued at $60,000. Institutional investors own 67.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on JPM. Barclays reduced their price target on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating for the company in a research report on Wednesday, April 12th. Piper Sandler raised their price objective on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. The Goldman Sachs Group raised their price objective on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. Evercore ISI cut their price objective on shares of JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating for the company in a research report on Wednesday, April 5th. Finally, Wells Fargo & Company raised their target price on shares of JPMorgan Chase & Co. from $155.00 to $165.00 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 issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $155.00.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 113,640 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $135.93, for a total transaction 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Down 0.3 %

Shares of JPMorgan Chase & Co. stock opened at $136.05 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $397.58 billion, a PE 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. The company has a 50-day simple moving average of $133.58 and a two-hundred day simple moving average of $134.85.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings data 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. 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 analysts’ expectations of $35.77 billion. During the same period in the previous year, the company earned $2.63 earnings per share. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. On average, analysts anticipate that JPMorgan Chase & Co. will post 14.33 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th were issued 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 yield of 2.94%. JPMorgan Chase & Co.’s dividend payout ratio is currently 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.

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

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