Sather Financial Group Inc Has $980,000 Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Jul 3rd, 2023

Sather Financial Group Inc decreased its position in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 93.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,520 shares of the financial services provider’s stock after selling 101,184 shares during the period. Sather Financial Group Inc’s holdings in JPMorgan Chase & Co. were worth $980,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Twin Lakes Capital Management LLC boosted its position in JPMorgan Chase & Co. by 0.5% in the 4th quarter. Twin Lakes Capital Management LLC now owns 13,786 shares of the financial services provider’s stock valued at $1,849,000 after buying an additional 71 shares during the last quarter. Karpas Strategies LLC boosted its position in JPMorgan Chase & Co. by 0.3% in the 4th quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock valued at $2,898,000 after buying an additional 71 shares during the last quarter. Oxler Private Wealth LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.9% in the 4th quarter. Oxler Private Wealth LLC now owns 8,158 shares of the financial services provider’s stock valued at $1,094,000 after purchasing an additional 71 shares during the period. Sanford Advisory Services LLC lifted its stake in shares of JPMorgan Chase & Co. by 2.4% in the 4th quarter. Sanford Advisory Services LLC now owns 3,176 shares of the financial services provider’s stock valued at $426,000 after purchasing an additional 73 shares during the period. Finally, Gould Asset Management LLC CA lifted its stake in shares of JPMorgan Chase & Co. by 1.2% in the 4th quarter. Gould Asset Management LLC CA now owns 6,580 shares of the financial services provider’s stock valued at $882,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 70.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Bank of America increased their price target on JPMorgan Chase & Co. from $152.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, April 17th. The Goldman Sachs Group increased their price target on JPMorgan Chase & Co. from $160.00 to $172.00 in a research note on Friday, April 14th. Odeon Capital Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. Oppenheimer increased their price target on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a research note on Monday, April 17th. Finally, StockNews.com assumed coverage on JPMorgan Chase & Co. in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Six research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average target price of $157.35.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $145.44 on Monday. The stock has a 50-day moving average price of $138.75 and a two-hundred day moving average price of $136.81. The stock has a market cap of $425.02 billion, a PE ratio of 10.73, a price-to-earnings-growth ratio of 1.97 and a beta of 1.10. 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 1 year low of $101.28 and a 1 year high of $146.00.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.41 by $0.69. The firm had revenue of $38.35 billion during the quarter, compared to analysts’ expectations of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The company’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.63 EPS. Equities analysts forecast that JPMorgan Chase & Co. will post 14.53 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 31st. Shareholders of record on Thursday, July 6th will be issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a yield of 2.75%. The ex-dividend date of this dividend is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.

Insider Activity

In other news, CEO Daniel E. Pinto sold 113,640 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $135.93, for a total value 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 approximately $77,026,773.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Vice Chairman Peter Scher sold 1,240 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $135.02, for a total value of $167,424.80. Following the completion of the transaction, the insider now owns 45,056 shares in the company, valued at approximately $6,083,461.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Daniel E. Pinto sold 113,640 shares of the firm’s stock in a transaction dated Thursday, May 11th. The shares were sold at an average price of $135.93, for a total value of $15,447,085.20. Following the completion of the transaction, the chief executive officer now owns 566,665 shares of the company’s stock, valued at approximately $77,026,773.45. The disclosure for this sale can be found here. Insiders sold 145,861 shares of company stock worth $19,858,275 in the last quarter. Corporate insiders own 0.79% of the company’s stock.

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.