Baker Tilly Wealth Management LLC Has $5.87 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Jun 25th, 2023

Baker Tilly Wealth Management LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 27.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 45,030 shares of the financial services provider’s stock after purchasing an additional 9,647 shares during the period. JPMorgan Chase & Co. accounts for 0.7% of Baker Tilly Wealth Management LLC’s holdings, making the stock its 28th biggest holding. Baker Tilly Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $5,868,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of JPM. Retirement Financial Solutions LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $26,000. Adirondack Retirement Specialists Inc. increased its stake in 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 valued at $29,000 after purchasing an additional 189 shares in the last quarter. Creative Capital Management Investments LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $30,000. Boulder Wealth Advisors LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $43,000. Finally, Capital Directions Investment Advisors LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $44,000. Institutional investors own 70.10% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.5 %

JPMorgan Chase & Co. stock opened at $138.85 on Friday. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $144.34. The firm has a 50 day moving average price of $138.71 and a 200-day moving average price of $136.50. The company has a market capitalization of $405.76 billion, a P/E ratio of 10.25, a P/E/G ratio of 2.00 and a beta of 1.10. 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. (NYSE:JPM – Get Rating) last released its quarterly earnings data 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. The company 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%. JPMorgan Chase & Co.’s revenue for the quarter was up 24.8% on a year-over-year basis. During the same period last year, the firm earned $2.63 EPS. As a group, equities analysts predict that JPMorgan Chase & Co. will post 14.35 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.88%. The ex-dividend date of this dividend is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on JPM. Piper Sandler lifted their price target on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the company an “overweight” rating in a research note on Monday, April 17th. Barclays lowered their target price 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. StockNews.com began coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 18th. They issued a “hold” rating on the stock. Credit Suisse Group upped their target price on shares of JPMorgan Chase & Co. from $155.00 to $160.00 in a report on Tuesday, April 18th. Finally, 92 Resources restated a “maintains” rating on shares of JPMorgan Chase & Co. in a report on Friday, May 12th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $157.65.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,240 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $135.02, for a total value of $167,424.80. Following the sale, the insider now directly owns 45,056 shares in the company, valued at approximately $6,083,461.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,240 shares of the stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $135.02, for a total value of $167,424.80. Following the sale, the insider now directly owns 45,056 shares in the company, valued at approximately $6,083,461.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 owns 282,091 shares in the company, valued at $38,054,075.90. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,861 shares of company stock valued at $19,858,275. Company insiders own 0.79% of the company’s stock.

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.