Community Capital Management LLC Invests $606,000 in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Jul 27th, 2023

Community Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,650 shares of the financial services provider’s stock, valued at approximately $606,000.

Several other large investors also recently made changes to their positions in JPM. Adirondack Retirement Specialists Inc. grew its position in JPMorgan Chase & Co. by 510.8% in the first quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 189 shares in the last quarter. Boulder Wealth Advisors LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at $43,000. Capital Directions Investment Advisors LLC bought a new position in JPMorgan Chase & Co. in the fourth quarter valued at $44,000. VitalStone Financial LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $58,000. Finally, Freedom Wealth Alliance LLC acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $60,000. Institutional investors own 70.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on JPM. Keefe, Bruyette & Woods increased their price target on shares of JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a research note on Monday, April 17th. 888 reiterated a “maintains” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 26th. BMO Capital Markets raised their target price on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a research note on Tuesday, May 2nd. Credit Suisse Group raised their target price on shares of JPMorgan Chase & Co. from $160.00 to $170.00 in a research note on Monday, July 17th. Finally, Oppenheimer raised their target price on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a research note on Monday, April 17th. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $164.65.

Insider Buying and Selling

In related news, Vice Chairman Peter Scher sold 2,482 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, June 15th. The shares were sold at an average price of $141.39, for a total transaction of $350,929.98. Following the sale, the insider now directly owns 41,333 shares in the company, valued at approximately $5,844,072.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Douglas B. Petno sold 4,932 shares of the business’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 value of $665,326.80. Following the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Peter Scher sold 2,482 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $141.39, for a total transaction 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. Insiders have sold a total of 145,861 shares of company stock worth $19,858,275 in the last ninety days. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.6 %

Shares of JPMorgan Chase & Co. stock opened at $157.74 on Thursday. The firm has a market capitalization of $460.96 billion, a PE ratio of 10.15, a price-to-earnings-growth ratio of 2.09 and a beta of 1.10. The company has a current ratio of 0.90, a quick ratio of 0.85 and a debt-to-equity ratio of 1.28. The firm’s 50 day moving average is $142.83 and its 200 day moving average is $138.76. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $158.79.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its quarterly earnings results on Friday, July 14th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.75. The company had revenue of $42.40 billion for the quarter, compared to analyst estimates of $38.66 billion. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. The firm’s revenue was up 34.1% on a year-over-year basis. During the same period in the previous year, the firm posted $2.76 EPS. Equities research analysts forecast that JPMorgan Chase & Co. will post 15.15 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 annualized dividend and a yield of 2.54%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.74%.

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.