Hunter Perkins Capital Management LLC Has $1.32 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Jun 29th, 2023

Hunter Perkins Capital Management LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 270.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,121 shares of the financial services provider’s stock after purchasing an additional 7,390 shares during the period. Hunter Perkins Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,319,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Moneta Group Investment Advisors LLC lifted its position in JPMorgan Chase & Co. by 105,652.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after buying an additional 97,907,897 shares in the last quarter. Norges Bank bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth about $3,894,646,000. Price T Rowe Associates Inc. MD raised its holdings in JPMorgan Chase & Co. by 71.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,484,094 shares of the financial services provider’s stock worth $4,087,917,000 after purchasing an additional 12,654,947 shares during the last quarter. Morgan Stanley increased its stake in shares of JPMorgan Chase & Co. by 15.9% in the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after acquiring an additional 8,088,433 shares during the last quarter. Finally, Ontario Teachers Pension Plan Board bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at about $556,791,000. Institutional investors and hedge funds own 70.10% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 4,930 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now owns 277,161 shares of the company’s stock, valued at approximately $39,401,207.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,240 shares of the firm’s stock in a transaction on 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 sale, the insider now owns 45,056 shares of the company’s stock, valued at approximately $6,083,461.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Douglas B. Petno sold 4,930 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 277,161 shares of the company’s stock, 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.

Wall Street Analyst Weigh In

JPM has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $155.00 to $165.00 and gave the company an “overweight” rating in a research note on Monday, April 17th. Evercore ISI lowered their price target on JPMorgan Chase & Co. from $155.00 to $151.00 in a research note on Friday, May 12th. Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a research note on Monday, April 17th. Citigroup dropped their target price on shares of JPMorgan Chase & Co. from $165.00 to $160.00 in a report on Monday. Finally, StockNews.com started coverage on shares of JPMorgan Chase & Co. in a report on Thursday, May 18th. They set a “hold” rating on the stock. Six research 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, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and a consensus price target of $157.35.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $138.60 on Thursday. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $144.34. 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 firm has a fifty day simple moving average of $138.60 and a 200 day simple moving average of $136.64. The stock has a market capitalization of $405.03 billion, a PE ratio of 10.23, a P/E/G ratio of 1.93 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM – Free Report) last released its earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $38.35 billion during the quarter, compared to analysts’ expectations of $35.77 billion. During the same period last year, the business earned $2.63 earnings per share. The firm’s revenue was up 24.8% on a year-over-year basis. On average, research analysts expect that JPMorgan Chase & Co. will post 14.43 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced 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. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.89%. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.52%.

JPMorgan Chase & Co. Company Profile

(Free Report)

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.