JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Gould Asset Management LLC CA

Posted by Defense World Staff on May 15th, 2023

Gould Asset Management LLC CA grew its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,580 shares of the financial services provider’s stock after purchasing an additional 75 shares during the quarter. Gould Asset Management LLC CA’s holdings in JPMorgan Chase & Co. were worth $882,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of JPM. Cottage Street Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 11,378.2% in the fourth quarter. Cottage Street Advisors LLC now owns 4,100,117 shares of the financial services provider’s stock valued at $674,000 after buying an additional 4,064,396 shares during the last quarter. Barclays PLC grew its position in shares of JPMorgan Chase & Co. by 77.8% in the third quarter. Barclays PLC now owns 8,071,119 shares of the financial services provider’s stock valued at $843,433,000 after purchasing an additional 3,531,637 shares during the period. Vanguard Group Inc. grew its position in shares of JPMorgan Chase & Co. by 1.1% in the third quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock valued at $28,480,408,000 after purchasing an additional 2,918,554 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of JPMorgan Chase & Co. by 7,427.6% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock valued at $363,169,000 after purchasing an additional 2,628,701 shares during the period. Finally, Federated Hermes Inc. grew its position in shares of JPMorgan Chase & Co. by 265.8% in the third quarter. Federated Hermes Inc. now owns 3,391,632 shares of the financial services provider’s stock valued at $354,426,000 after purchasing an additional 2,464,462 shares during the period. 67.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Credit Suisse Group raised their target price on shares of JPMorgan Chase & Co. from $155.00 to $160.00 in a research report on Tuesday, April 18th. Piper Sandler increased their target price on JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Morgan Stanley increased their target price on JPMorgan Chase & Co. from $153.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Royal Bank of Canada cut their target price on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a research report on Friday, March 24th. Finally, 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 report on Wednesday, April 12th. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $155.28.

Insider Buying and Selling

In related news, CEO Daniel E. Pinto sold 113,640 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now 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 accessible through the SEC website. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $134.10 on Monday. The firm has a market cap of $391.88 billion, a PE ratio of 9.90, a price-to-earnings-growth ratio of 1.91 and a beta of 1.10. The firm’s 50-day simple moving average is $133.39 and its 200-day simple moving average is $135.09. 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. has a 1 year low of $101.28 and a 1 year high of $144.34.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $38.35 billion during the quarter, compared to the consensus estimate of $35.77 billion. During the same period in the previous year, the business earned $2.63 EPS. The business’s quarterly revenue was up 24.8% on a year-over-year basis. Equities analysts forecast that JPMorgan Chase & Co. will post 14.33 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Sunday, April 30th. Investors of record on Thursday, April 6th were issued a $1.00 dividend. The ex-dividend date was Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.98%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 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.