2,019 Shares in JPMorgan Chase & Co. (NYSE:JPM) Bought by Chelsea Counsel Co.

Posted by Defense World Staff on Jun 17th, 2023

Chelsea Counsel Co. purchased a new stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 2,019 shares of the financial services provider’s stock, valued at approximately $271,000.

Several other hedge funds have also bought and sold shares of the stock. Tandem Wealth Advisors LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $215,000. Centurion Wealth Management LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $604,000. Callan Family Office LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $294,000. WC Walker & Associates Inc. grew its holdings in JPMorgan Chase & Co. by 2.5% during the fourth quarter. WC Walker & Associates Inc. now owns 22,003 shares of the financial services provider’s stock valued at $3,049,000 after purchasing an additional 537 shares during the period. Finally, Tillman Hartley LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at about $507,000. Institutional investors own 67.89% of the company’s stock.

Insider Buying and Selling

In related 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 transaction, the chief executive officer now owns 566,665 shares of the company’s stock, valued at $77,026,773.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related 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 transaction, the chief executive officer now owns 566,665 shares of the company’s stock, valued at $77,026,773.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Peter Scher sold 1,240 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $135.02, for a total value of $167,424.80. Following the completion of the transaction, the insider now directly owns 45,056 shares in the company, valued at approximately $6,083,461.12. The disclosure for this sale can be found here. Insiders have sold a total of 145,861 shares of company stock valued at $19,858,275 over the last quarter. 0.79% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on JPM shares. Bank of America boosted their price target on JPMorgan Chase & Co. from $152.00 to $158.00 and gave the company a “buy” rating in a report on Monday, April 17th. The Goldman Sachs Group boosted their price objective on JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. Credit Suisse Group boosted their price objective on JPMorgan Chase & Co. from $155.00 to $160.00 in a research report on Tuesday, April 18th. Jefferies Financial Group lowered their price objective on JPMorgan Chase & Co. from $152.00 to $149.00 in a research report on Monday, May 15th. Finally, Evercore ISI lowered their price objective on JPMorgan Chase & Co. from $155.00 to $151.00 in a research report on Friday, May 12th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average price target of $157.65.

JPMorgan Chase & Co. Trading Up 0.1 %

JPM opened at $143.26 on Friday. The stock has a market cap of $418.65 billion, a price-to-earnings ratio of 10.57, a P/E/G ratio of 1.97 and a beta of 1.10. The stock’s 50 day moving average price is $137.63 and its 200-day moving average price is $136.26. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $144.34. 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. (NYSE:JPM – Get Rating) last released its earnings results on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.69. The firm had revenue of $38.35 billion for the quarter, compared to analysts’ expectations of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The company’s quarterly revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.63 earnings per share. On average, equities analysts forecast that JPMorgan Chase & Co. will post 14.36 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be paid a dividend of $1.00 per share. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.79%. JPMorgan Chase & Co.’s dividend payout ratio is 29.52%.

JPMorgan Chase & Co. Profile

(Get Rating)

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.