Jmac Enterprises LLC Grows Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Jul 8th, 2023

Jmac Enterprises LLC increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 28.9% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,764 shares of the financial services provider’s stock after buying an additional 4,209 shares during the period. Jmac Enterprises LLC’s holdings in JPMorgan Chase & Co. were worth $2,445,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Retirement Financial Solutions LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $26,000. Creative Capital Management Investments LLC acquired a new stake in JPMorgan Chase & Co. during the fourth quarter worth approximately $30,000. 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 valued at $29,000 after acquiring an additional 189 shares during the period. Boulder Wealth Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $43,000. Finally, Capital Directions Investment Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $44,000. 70.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Daniel E. Pinto sold 113,640 shares of the business’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 sale, the chief executive officer now directly owns 566,665 shares in the company, valued at approximately $77,026,773.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Daniel E. Pinto sold 113,640 shares of the business’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 sale, the chief executive officer now directly owns 566,665 shares in the company, valued at approximately $77,026,773.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 transaction of $2,263,410.00. Following the completion of the sale, the insider now owns 195,356 shares in the company, valued at $26,373,060. The disclosure for this sale can be found here. Insiders have sold 145,861 shares of company stock worth $19,858,275 in the last three months. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on JPM shares. Piper Sandler lifted their target price on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the company an “overweight” rating in a report on Monday, April 17th. Oppenheimer lifted their target price on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a report on Monday, April 17th. The Goldman Sachs Group lifted their target price on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a report on Friday, April 14th. BMO Capital Markets lifted their price objective on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a research report on Tuesday, May 2nd. Finally, Keefe, Bruyette & Woods lifted their price objective 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. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus price target of $158.06.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $144.36 on Friday. The firm has a market capitalization of $421.86 billion, a P/E ratio of 10.65, a PEG ratio of 1.99 and a beta of 1.10. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $147.48. The company’s fifty day moving average is $139.48 and its two-hundred day moving average is $137.24. 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 – Free Report) last issued its earnings results on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, topping 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 company 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 EPS. The business’s revenue was up 24.8% on a year-over-year basis. Analysts forecast that JPMorgan Chase & Co. will post 14.54 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm 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 $1.00 dividend. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.77%. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.52%.

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.