JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Opal Wealth Advisors LLC

Posted by Defense World Staff on Jul 6th, 2023

Opal Wealth Advisors LLC boosted its holdings in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 12.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,373 shares of the financial services provider’s stock after purchasing an additional 371 shares during the quarter. Opal Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $439,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Retirement Financial Solutions LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $26,000. Adirondack Retirement Specialists Inc. increased its holdings in shares of JPMorgan Chase & Co. by 510.8% in the 1st quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 189 shares during the period. Creative Capital Management Investments LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at about $30,000. Boulder Wealth Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter valued at approximately $43,000. Finally, Capital Directions Investment Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $44,000. Institutional investors own 70.10% of the company’s stock.

JPMorgan Chase & Co. Trading Down 0.7 %

NYSE JPM opened at $144.64 on Thursday. The firm’s 50 day moving average price is $139.24 and its two-hundred day moving average price is $137.10. 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. has a twelve month low of $101.28 and a twelve month high of $147.48. The stock has a market cap of $422.68 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 2.02 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM – Free Report) last posted its quarterly 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 return on equity of 16.02% and a net margin of 23.73%. The firm had revenue of $38.35 billion for the quarter, compared to analyst estimates of $35.77 billion. During the same period in the previous year, the firm earned $2.63 earnings per share. JPMorgan Chase & Co.’s quarterly revenue was up 24.8% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post 14.54 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be paid a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 29.52%.

Analyst Ratings Changes

Several analysts recently commented on the company. The Goldman Sachs Group raised their target price on JPMorgan Chase & Co. from $160.00 to $172.00 in a research report on Friday, April 14th. Evercore ISI cut their price objective on shares of JPMorgan Chase & Co. from $155.00 to $151.00 in a research note on Friday, May 12th. Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a research report on Monday, April 17th. StockNews.com assumed coverage on JPMorgan Chase & Co. in a report on Thursday, May 18th. They set a “hold” rating on the stock. Finally, Odeon Capital Group raised JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Monday, May 1st. Six equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Moderate Buy” and an average target price of $157.35.

Insider Activity

In related news, insider Ashley Bacon sold 16,766 shares of the company’s stock in a transaction 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 completion of the sale, the insider now directly owns 195,356 shares in the company, valued at $26,373,060. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the chief executive officer now directly owns 566,665 shares of the company’s stock, valued at $77,026,773.45. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Ashley Bacon sold 16,766 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $135.00, for a total value of $2,263,410.00. Following the transaction, the insider now directly owns 195,356 shares of the company’s stock, 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 three months. 0.79% of the stock is owned by insiders.

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.