Bath Savings Trust Co Has $1.65 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Jun 24th, 2023

Bath Savings Trust Co grew its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 12,631 shares of the financial services provider’s stock after purchasing an additional 181 shares during the period. Bath Savings Trust Co’s holdings in JPMorgan Chase & Co. were worth $1,646,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV increased its position in JPMorgan Chase & Co. by 11.3% in the 4th 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. raised its position in JPMorgan Chase & Co. by 0.6% in the 4th quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock worth $3,256,000 after purchasing an additional 149 shares during the last quarter. Hixon Zuercher LLC lifted its holdings in JPMorgan Chase & Co. by 0.8% during the 4th quarter. Hixon Zuercher LLC now owns 34,276 shares of the financial services provider’s stock worth $4,596,000 after buying an additional 264 shares in the last quarter. Athena Investment Management boosted its position in JPMorgan Chase & Co. by 0.9% in the 4th quarter. Athena Investment Management now owns 28,247 shares of the financial services provider’s stock valued at $3,788,000 after buying an additional 244 shares during the last quarter. Finally, Watershed Private Wealth LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $419,000. Institutional investors own 70.10% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.6 %

Shares of JPM stock opened at $138.80 on Friday. The firm’s fifty day moving average price is $138.71 and its two-hundred day moving average price is $136.46. 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. has a 1 year low of $101.28 and a 1 year high of $144.34. The firm has a market capitalization of $405.61 billion, a P/E ratio of 10.24, a PEG ratio of 2.00 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $35.77 billion. During the same quarter in the prior year, the company posted $2.63 earnings per share. JPMorgan Chase & Co.’s revenue was up 24.8% on a year-over-year basis. On average, equities analysts predict that JPMorgan Chase & Co. will post 14.35 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed 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. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date of this dividend is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.52%.

Analyst Ratings Changes

JPM has been the topic of several research reports. Credit Suisse Group upped their price target on JPMorgan Chase & Co. from $155.00 to $160.00 in a research note on Tuesday, April 18th. Jefferies Financial Group reduced their price target on shares of JPMorgan Chase & Co. from $152.00 to $149.00 in a research report on Monday, May 15th. Evercore ISI decreased their price target on shares of JPMorgan Chase & Co. from $155.00 to $151.00 in a report on Friday, May 12th. Royal Bank of Canada dropped their price objective on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a research note on Friday, March 24th. Finally, Barclays decreased their target price on JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating for the company in a research note on Wednesday, April 12th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $157.65.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 4,930 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $142.16, for a total transaction of $700,848.80. Following the sale, the chief executive officer now directly owns 277,161 shares of the company’s stock, valued at $39,401,207.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Vice Chairman Peter Scher sold 1,240 shares of JPMorgan Chase & Co. stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $135.02, for a total transaction of $167,424.80. Following the completion of the transaction, the insider now owns 45,056 shares in the company, valued at $6,083,461.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas B. Petno sold 4,930 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $142.16, for a total value of $700,848.80. Following the completion of the sale, 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. Over the last three months, insiders sold 145,861 shares of company stock valued at $19,858,275. 0.79% of the stock is owned by corporate 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.