Oak Harbor Wealth Partners LLC Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Jul 14th, 2023

Oak Harbor Wealth Partners LLC reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 2.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,430 shares of the financial services provider’s stock after selling 513 shares during the quarter. Oak Harbor Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $2,532,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Twin Lakes Capital Management LLC increased its stake in JPMorgan Chase & Co. by 0.5% during the 4th quarter. Twin Lakes Capital Management LLC now owns 13,786 shares of the financial services provider’s stock worth $1,849,000 after purchasing an additional 71 shares in the last quarter. Karpas Strategies LLC grew its stake in shares of JPMorgan Chase & Co. by 0.3% during the 4th quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock worth $2,898,000 after acquiring an additional 71 shares in the last quarter. Oxler Private Wealth LLC grew its stake in shares of JPMorgan Chase & Co. by 0.9% during the 4th quarter. Oxler Private Wealth LLC now owns 8,158 shares of the financial services provider’s stock worth $1,094,000 after acquiring an additional 71 shares in the last quarter. Sanford Advisory Services LLC grew its stake in shares of JPMorgan Chase & Co. by 2.4% during the 4th quarter. Sanford Advisory Services LLC now owns 3,176 shares of the financial services provider’s stock worth $426,000 after acquiring an additional 73 shares in the last quarter. Finally, Gould Asset Management LLC CA grew its stake in shares of JPMorgan Chase & Co. by 1.2% during the 4th quarter. Gould Asset Management LLC CA now owns 6,580 shares of the financial services provider’s stock worth $882,000 after acquiring an additional 75 shares in the last quarter. 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 firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 566,665 shares in the company, valued at $77,026,773.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Daniel E. Pinto sold 113,640 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 566,665 shares in the company, valued at $77,026,773.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Peter Scher sold 2,482 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $141.39, for a total value of $350,929.98. Following the completion of the transaction, the insider now owns 41,333 shares in the company, valued at approximately $5,844,072.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 145,861 shares of company stock worth $19,858,275. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.5 %

JPM stock opened at $148.87 on Friday. 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 stock has a market capitalization of $435.04 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 2.05 and a beta of 1.10. The business’s fifty day moving average price is $140.27 and its two-hundred day moving average price is $137.69. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $149.87.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.69. The firm had revenue of $38.35 billion for 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 quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter last year, the business earned $2.63 EPS. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 14.39 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Shareholders 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 2.69%. The ex-dividend date of this dividend is Wednesday, July 5th. JPMorgan Chase & Co.’s payout ratio is 29.52%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the stock. The Goldman Sachs Group raised their price target on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research note on Friday, April 14th. Barclays decreased their price target on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating for the company in a research note on Wednesday, April 12th. Oppenheimer increased their price objective on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a report on Monday, April 17th. Morgan Stanley increased their price objective on JPMorgan Chase & Co. from $157.00 to $160.00 in a report on Tuesday, May 23rd. Finally, Credit Suisse Group increased their price objective on JPMorgan Chase & Co. from $155.00 to $160.00 in a report on Tuesday, April 18th. Seven investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $158.94.

JPMorgan Chase & Co. 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.