Landmark Financial Advisors LLC Has $2.71 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Jun 26th, 2023

Landmark Financial Advisors LLC cut its position in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 3.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,774 shares of the financial services provider’s stock after selling 845 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.2% of Landmark Financial Advisors LLC’s holdings, making the stock its 22nd biggest holding. Landmark Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $2,707,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV lifted its holdings in JPMorgan Chase & Co. by 11.3% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 336,522 shares of the financial services provider’s stock worth $45,128,000 after buying an additional 34,068 shares during the period. Argus Investors Counsel Inc. lifted its stake 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 worth $3,256,000 after acquiring an additional 149 shares during the period. Hixon Zuercher LLC boosted its holdings in 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 during the last quarter. Athena Investment Management increased its position in JPMorgan Chase & Co. by 0.9% during the 4th quarter. Athena Investment Management now owns 28,247 shares of the financial services provider’s stock valued at $3,788,000 after purchasing an additional 244 shares during the period. Finally, Watershed Private Wealth LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $419,000. 70.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. The Goldman Sachs Group increased their price objective on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. 92 Resources reiterated a “maintains” rating on shares of JPMorgan Chase & Co. in a report on Friday, May 12th. StockNews.com started coverage on JPMorgan Chase & Co. in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Keefe, Bruyette & Woods raised their target price on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the stock a “market perform” rating in a research note on Monday, April 17th. Finally, BMO Capital Markets boosted their price target on JPMorgan Chase & Co. from $169.00 to $170.00 in a research note on Tuesday, May 2nd. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and an average price target of $157.65.

Insider Transactions at JPMorgan Chase & Co.

In related news, insider Ashley Bacon sold 16,766 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $135.00, for a total value of $2,263,410.00. Following the sale, the insider now owns 195,356 shares of the company’s stock, valued at approximately $26,373,060. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 113,640 shares of the stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the completion of the transaction, the chief executive officer now owns 566,665 shares in the company, valued at $77,026,773.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ashley Bacon sold 16,766 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $135.00, for a total transaction of $2,263,410.00. Following the completion of the sale, the insider now directly owns 195,356 shares in the company, valued at approximately $26,373,060. The disclosure for this sale can be found here. Insiders sold a total of 145,861 shares of company stock worth $19,858,275 in the last quarter. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

Shares of JPMorgan Chase & Co. stock opened at $138.85 on Monday. The business’s fifty day simple moving average is $138.71 and its 200 day simple moving average is $136.53. 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 12 month low of $101.28 and a 12 month high of $144.34. The firm has a market capitalization of $405.76 billion, a P/E ratio of 10.25, a price-to-earnings-growth ratio of 1.93 and a beta of 1.10.

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 (EPS) for the quarter, beating the consensus estimate of $3.41 by $0.69. The firm had revenue of $38.35 billion during the quarter, compared to analyst estimates of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The business’s revenue was up 24.8% compared to the same quarter last year. During the same period last year, the firm posted $2.63 EPS. As a group, analysts anticipate that JPMorgan Chase & Co. will post 14.43 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be given 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 is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 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.