JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Personal Capital Advisors Corp

Posted by Defense World Staff on Jun 15th, 2023

Personal Capital Advisors Corp grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 8.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,071,509 shares of the financial services provider’s stock after purchasing an additional 83,224 shares during the period. JPMorgan Chase & Co. accounts for 0.7% of Personal Capital Advisors Corp’s portfolio, making the stock its 26th biggest position. Personal Capital Advisors Corp’s holdings in JPMorgan Chase & Co. were worth $143,689,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Retirement Financial Solutions LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth about $26,000. Creative Capital Management Investments LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth about $30,000. Capital Directions Investment Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter worth about $44,000. Bellwether Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 119.1% in the 3rd quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 268 shares during the period. Finally, Delos Wealth Advisors LLC increased 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 worth $53,000 after acquiring an additional 99 shares during the period. 67.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on JPM. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a report on Monday, April 17th. Credit Suisse Group increased their price objective on shares of JPMorgan Chase & Co. from $155.00 to $160.00 in a report on Tuesday, April 18th. Bank of America increased their target price on shares of JPMorgan Chase & Co. from $152.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, April 17th. BMO Capital Markets increased their target price on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a research report on Tuesday, May 2nd. Finally, The Goldman Sachs Group increased their target price on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.65.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $141.49 on Thursday. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $144.34. The company has a 50-day moving average of $137.01 and a 200-day moving average of $136.15. The firm has a market cap of $413.47 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 1.97 and a beta of 1.10. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced 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 net margin of 23.73% and a return on equity of 16.02%. The company had revenue of $38.35 billion during the quarter, compared to analysts’ expectations of $35.77 billion. During the same period last year, the company posted $2.63 earnings per share. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. Analysts forecast that JPMorgan Chase & Co. will post 14.3 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s payout ratio is 29.52%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 4,932 shares of the firm’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $134.90, for a total value of $665,326.80. Following the completion of the transaction, the chief executive officer now directly owns 282,091 shares in the company, valued at $38,054,075.90. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other 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 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Douglas B. Petno sold 4,932 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $134.90, for a total transaction of $665,326.80. Following the completion of the sale, the chief executive officer now directly owns 282,091 shares of the company’s stock, valued at $38,054,075.90. The disclosure for this sale can be found here. Insiders sold a total of 138,449 shares of company stock worth $18,806,497 over the last ninety days. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.