JPMorgan Chase & Co. (NYSE:JPM) Shares Bought by Capital Asset Advisory Services LLC

Posted by on Jun 18th, 2023

Capital Asset Advisory Services LLC raised its holdings in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 4.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,556 shares of the financial services provider’s stock after purchasing an additional 1,436 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in JPMorgan Chase & Co. were worth $4,534,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV boosted its holdings in shares of JPMorgan Chase & Co. by 11.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 336,522 shares of the financial services provider’s stock valued at $45,128,000 after acquiring an additional 34,068 shares in the last quarter. Argus Investors Counsel Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 0.6% in the fourth quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock valued at $3,256,000 after acquiring an additional 149 shares in the last quarter. Hixon Zuercher LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.8% in the fourth quarter. Hixon Zuercher LLC now owns 34,276 shares of the financial services provider’s stock valued at $4,596,000 after acquiring an additional 264 shares in the last quarter. Athena Investment Management boosted its holdings in shares of JPMorgan Chase & Co. by 0.9% in the fourth quarter. Athena Investment Management now owns 28,247 shares of the financial services provider’s stock valued at $3,788,000 after acquiring an additional 244 shares in the last quarter. Finally, Watershed Private Wealth LLC purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $419,000. 67.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on JPM shares. BMO Capital Markets lifted their target price on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a report on Tuesday, May 2nd. Barclays decreased their price objective 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. Odeon Capital Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a report on Monday, May 1st. Evercore ISI decreased their price objective on shares of JPMorgan Chase & Co. from $155.00 to $151.00 in a report on Friday, May 12th. Finally, Royal Bank of Canada decreased their price objective on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a report on Friday, March 24th. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $157.65.

Insider Activity

In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 4,932 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $134.90, for a total transaction of $665,326.80. Following the transaction, the chief executive officer now directly owns 282,091 shares in the company, valued at approximately $38,054,075.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,240 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $135.02, for a total transaction of $167,424.80. Following the transaction, the insider now directly owns 45,056 shares in the company, valued at approximately $6,083,461.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Douglas B. Petno sold 4,932 shares of the stock in a transaction on Monday, May 15th. The shares were sold at an average price of $134.90, for a total transaction of $665,326.80. Following the transaction, the chief executive officer now owns 282,091 shares in the company, valued at $38,054,075.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 145,861 shares of company stock worth $19,858,275. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Price Performance

JPM opened at $143.26 on Friday. The company has a market cap of $418.65 billion, a P/E ratio of 10.57, a P/E/G ratio of 1.99 and a beta of 1.10. The company has a 50 day moving average of $137.63 and a two-hundred day moving average of $136.26. 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. has a 52-week low of $101.28 and a 52-week high of $144.34.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its earnings results 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. The business had revenue of $38.35 billion during the quarter, compared to the consensus estimate of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The business’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.63 earnings per share. On average, analysts expect that JPMorgan Chase & Co. will post 14.36 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company 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 $1.00 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.79%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.

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.

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

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