JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Crew Capital Management Ltd.

Posted by Defense World Staff on Jun 30th, 2023

Crew Capital Management Ltd. lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 7.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,286 shares of the financial services provider’s stock after acquiring an additional 424 shares during the quarter. JPMorgan Chase & Co. accounts for 1.2% of Crew Capital Management Ltd.’s holdings, making the stock its 24th biggest position. Crew Capital Management Ltd.’s holdings in JPMorgan Chase & Co. were worth $819,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in JPM. Mercer Global Advisors Inc. ADV lifted its holdings in shares of 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 buying an additional 34,068 shares during the period. Argus Investors Counsel Inc. lifted its holdings in 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 valued at $3,256,000 after acquiring an additional 149 shares during the period. Hixon Zuercher LLC boosted its position in JPMorgan Chase & Co. by 0.8% in the 4th quarter. Hixon Zuercher LLC now owns 34,276 shares of the financial services provider’s stock worth $4,596,000 after purchasing an additional 264 shares in the last quarter. CHURCHILL MANAGEMENT Corp grew its stake in shares of JPMorgan Chase & Co. by 3.4% during the 1st quarter. CHURCHILL MANAGEMENT Corp now owns 29,711 shares of the financial services provider’s stock worth $3,872,000 after purchasing an additional 984 shares during the period. Finally, Athena Investment Management grew its stake in shares of 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 worth $3,788,000 after purchasing an additional 244 shares during the period. Hedge funds and other institutional investors own 70.10% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Douglas B. Petno sold 4,932 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The shares were 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 approximately $38,054,075.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Douglas B. Petno sold 4,932 shares of the company’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $134.90, for a total value of $665,326.80. Following the transaction, the chief executive officer now directly owns 282,091 shares in the company, valued at $38,054,075.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 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. Insiders have sold 145,861 shares of company stock valued at $19,858,275 over the last ninety days. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $143.43 on Friday. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $144.34. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market capitalization of $419.14 billion, a PE ratio of 10.59, a price-to-earnings-growth ratio of 1.93 and a beta of 1.10. The business has a 50 day simple moving average of $138.66 and a 200-day simple moving average of $136.69.

JPMorgan Chase & Co. (NYSE:JPM – Free Report) last issued 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. 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 analysts’ expectations of $35.77 billion. During the same period in the prior year, the business earned $2.63 EPS. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. Equities research analysts anticipate that JPMorgan Chase & Co. will post 14.46 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 2.79%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s payout ratio is currently 29.52%.

Analyst Upgrades and Downgrades

JPM has been the topic of a number of recent analyst reports. Citigroup lowered their price target on shares of JPMorgan Chase & Co. from $165.00 to $160.00 in a report on Monday. Bank of America raised their target price on JPMorgan Chase & Co. from $152.00 to $158.00 and gave the company a “buy” rating in a research report on Monday, April 17th. The Goldman Sachs Group upped their price target on JPMorgan Chase & Co. from $160.00 to $172.00 in a report on Friday, April 14th. BMO Capital Markets raised their price objective on JPMorgan Chase & Co. from $169.00 to $170.00 in a report on Tuesday, May 2nd. Finally, Keefe, Bruyette & Woods upped 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. Six 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $157.35.

About JPMorgan Chase & Co.

(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.