JPMorgan Chase & Co. (NYSE:JPM) is Nixon Peabody Trust Co.’s 3rd Largest Position

Posted by Defense World Staff on May 15th, 2023

Nixon Peabody Trust Co. boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 76.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,371 shares of the financial services provider’s stock after acquiring an additional 12,705 shares during the quarter. JPMorgan Chase & Co. accounts for 3.2% of Nixon Peabody Trust Co.’s holdings, making the stock its 3rd largest position. Nixon Peabody Trust Co.’s holdings in JPMorgan Chase & Co. were worth $3,939,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Connolly Sarah T. raised its position in JPMorgan Chase & Co. by 0.3% during the fourth quarter. Connolly Sarah T. now owns 26,162 shares of the financial services provider’s stock worth $3,508,000 after acquiring an additional 82 shares during the period. Moreno Evelyn V increased its stake in JPMorgan Chase & Co. by 87.8% during the 4th quarter. Moreno Evelyn V now owns 77,215 shares of the financial services provider’s stock worth $10,355,000 after buying an additional 36,097 shares in the last quarter. Rosenbaum Jay D. increased its stake in JPMorgan Chase & Co. by 6.2% during the 4th quarter. Rosenbaum Jay D. now owns 11,877 shares of the financial services provider’s stock worth $1,593,000 after buying an additional 696 shares in the last quarter. Cohen Lawrence B increased its stake in JPMorgan Chase & Co. by 39.2% during the 4th quarter. Cohen Lawrence B now owns 44,053 shares of the financial services provider’s stock worth $5,908,000 after buying an additional 12,414 shares in the last quarter. Finally, Gould Asset Management LLC CA increased its stake in JPMorgan Chase & Co. by 1.2% during the 4th quarter. Gould Asset Management LLC CA now owns 6,580 shares of the financial services provider’s stock worth $882,000 after buying an additional 75 shares in the last quarter. 67.89% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

Shares of JPM opened at $134.10 on Monday. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $144.34. The firm’s 50 day moving average price is $133.39 and its 200 day moving average price is $135.09. The company has a market cap of $391.88 billion, a P/E ratio of 9.90, a PEG ratio of 1.91 and a beta of 1.10. 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 earnings results on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, topping the consensus estimate of $3.41 by $0.69. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. 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 firm posted $2.63 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 24.8% on a year-over-year basis. On average, research analysts forecast that JPMorgan Chase & Co. will post 14.33 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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. This represents a $4.00 dividend on an annualized basis and a yield of 2.98%. The ex-dividend date of this dividend was Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.52%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 113,640 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $135.93, for a total value of $15,447,085.20. Following the transaction, the chief executive officer now directly owns 566,665 shares in the company, valued at $77,026,773.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.79% of the stock is owned by insiders.

Analysts Set New Price Targets

JPM has been the topic of several recent research reports. StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a research note on Thursday, March 16th. They set a “hold” rating on the stock. Credit Suisse Group lifted their target price on shares of JPMorgan Chase & Co. from $155.00 to $160.00 in a research note on Tuesday, April 18th. Oppenheimer raised their target price on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a research note on Monday, April 17th. Barclays reduced their price target on JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating on the stock in a report on Wednesday, April 12th. Finally, Evercore ISI dropped their price objective on shares of JPMorgan Chase & Co. from $155.00 to $151.00 in a report on Friday. Six equities 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $155.28.

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.