Inspirion Wealth Advisors LLC Boosts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Posted by on Jun 21st, 2023

Inspirion Wealth Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 8.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,307 shares of the financial services provider’s stock after acquiring an additional 252 shares during the quarter. Inspirion Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $431,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Retirement Financial Solutions LLC purchased a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $26,000. Creative Capital Management Investments LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $30,000. Adirondack Retirement Specialists Inc. increased its stake in shares of JPMorgan Chase & Co. by 510.8% in the first quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock worth $29,000 after buying an additional 189 shares during the period. Boulder Wealth Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $43,000. Finally, Capital Directions Investment Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth $44,000. 70.10% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $142.53 on Wednesday. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $144.34. The stock has a market cap of $416.51 billion, a PE ratio of 10.52, a price-to-earnings-growth ratio of 2.00 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. The company’s fifty day moving average price is $138.22 and its 200-day moving average price is $136.35.

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, beating analysts’ consensus estimates 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 firm had revenue of $38.35 billion for the quarter, compared to analysts’ expectations of $35.77 billion. During the same quarter in the previous year, the business posted $2.63 EPS. The company’s quarterly revenue was up 24.8% on a year-over-year basis. On average, equities analysts expect that JPMorgan Chase & Co. will post 14.35 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be paid a $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s payout ratio is 29.52%.

Wall Street Analysts Forecast Growth

JPM has been the topic of several analyst reports. Morgan Stanley lifted their target price on shares of JPMorgan Chase & Co. from $157.00 to $160.00 in a research note on Tuesday, May 23rd. Jefferies Financial Group decreased their target price on shares of JPMorgan Chase & Co. from $152.00 to $149.00 in a research note on Monday, May 15th. The Goldman Sachs Group lifted their target price on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research note on Friday, April 14th. Bank of America boosted their price objective 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. Finally, Barclays reduced 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 research report on Wednesday, April 12th. Six research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus target price of $157.65.

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 transaction, the chief executive officer now owns 566,665 shares in the company, valued at approximately $77,026,773.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 transaction, the chief executive officer now owns 566,665 shares in the company, valued at approximately $77,026,773.45. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Douglas B. Petno sold 4,930 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was sold at an average price of $142.16, for a total transaction of $700,848.80. Following the completion of the transaction, the chief executive officer now owns 277,161 shares in the company, valued at approximately $39,401,207.76. The disclosure for this sale can be found here. Insiders have sold a total of 145,861 shares of company stock worth $19,858,275 in the last quarter. Corporate insiders own 0.79% of the company’s stock.

About JPMorgan Chase & Co.

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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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