JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Decreased by Oak Ridge Investments LLC

Posted by Defense World Staff on Jun 28th, 2023

Oak Ridge Investments LLC lowered its stake in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 13.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,650 shares of the financial services provider’s stock after selling 248 shares during the period. Oak Ridge Investments LLC’s holdings in JPMorgan Chase & Co. were worth $215,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Retirement Financial Solutions LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $26,000. Adirondack Retirement Specialists Inc. grew its position in shares of JPMorgan Chase & Co. by 510.8% during the 1st quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock valued at $29,000 after buying an additional 189 shares during the last quarter. Creative Capital Management Investments LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $30,000. Boulder Wealth Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $43,000. Finally, Capital Directions Investment Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $44,000. Institutional investors own 70.10% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $139.23 on Wednesday. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $144.34. The stock has a fifty day moving average of $138.66 and a 200-day moving average of $136.63. The company has a market capitalization of $406.87 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 1.92 and a beta of 1.10. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.85.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings data 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 return on equity of 16.02% and a net margin of 23.73%. The company had revenue of $38.35 billion during the quarter, compared to the consensus estimate of $35.77 billion. During the same quarter in the prior year, the firm earned $2.63 EPS. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 14.43 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 given a dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.87%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.

Insider Activity

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,240 shares of the business’s 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 sale, the insider now directly owns 45,056 shares of the company’s stock, valued at approximately $6,083,461.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,240 shares of the business’s 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 sale, the insider now directly owns 45,056 shares of the company’s stock, valued at approximately $6,083,461.12. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Douglas B. Petno sold 4,930 shares of the business’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 in the company, valued at $39,401,207.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 145,861 shares of company stock worth $19,858,275. Insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on JPM shares. StockNews.com assumed coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, May 18th. They set a “hold” rating for the company. Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the stock a “market perform” rating in a research report on Monday, April 17th. Odeon Capital Group raised 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 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 JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company 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 has a consensus rating of “Moderate Buy” and a consensus target price of $157.35.

JPMorgan Chase & Co. Profile

(Get Rating)

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.