JPMorgan Chase & Co. (NYSE:JPM) Shares Purchased by Kistler Tiffany Companies LLC

Posted by Defense World Staff on Jul 31st, 2023

Kistler Tiffany Companies LLC boosted its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,858 shares of the financial services provider’s stock after buying an additional 294 shares during the quarter. Kistler Tiffany Companies LLC’s holdings in JPMorgan Chase & Co. were worth $2,197,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Adirondack Retirement Specialists Inc. grew its stake in 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 purchased a new position in JPMorgan Chase & Co. during the fourth quarter valued at $43,000. Capital Directions Investment Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $44,000. VitalStone Financial LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth about $58,000. Finally, Freedom Wealth Alliance LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter worth about $60,000. Hedge funds and other institutional investors own 70.10% of the company’s stock.

Analysts Set New Price Targets

JPM has been the topic of several research analyst reports. Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $174.00 to $180.00 in a report on Monday, July 17th. Oppenheimer lifted their price target on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a research note on Monday, April 17th. Citigroup downgraded JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 price objective for the company. in a research note on Wednesday, July 12th. The Goldman Sachs Group lifted their target price on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research note on Friday, April 14th. Finally, Evercore ISI reduced their target price on shares of JPMorgan Chase & Co. from $155.00 to $151.00 in a research report on Friday, May 12th. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $164.65.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $156.91 on Monday. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $158.79. The stock’s fifty day moving average is $144.35 and its two-hundred day moving average is $139.28. The company has a market capitalization of $458.54 billion, a P/E ratio of 10.10, a P/E/G ratio of 2.06 and a beta of 1.10. The company has a quick ratio of 0.85, a current ratio of 0.90 and a debt-to-equity ratio of 1.28.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings data 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 firm 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%. JPMorgan Chase & Co.’s revenue was up 34.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.76 EPS. Equities analysts expect that JPMorgan Chase & Co. will post 15.23 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business 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 dividend of $1.00 per share. The ex-dividend date of this dividend is Wednesday, July 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.55%. JPMorgan Chase & Co.’s payout ratio is currently 25.74%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,240 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $135.02, for a total transaction of $167,424.80. Following the transaction, the insider now directly owns 45,056 shares in the company, valued at $6,083,461.12. The transaction was disclosed in a legal filing 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 JPMorgan Chase & Co. stock in a transaction that occurred on 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 in the company, valued at $77,026,773.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Peter Scher sold 1,240 shares of the stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $135.02, for a total transaction of $167,424.80. Following the sale, the insider now owns 45,056 shares in the company, valued at $6,083,461.12. The disclosure for this sale can be found here. In the last quarter, insiders sold 145,861 shares of company stock valued at $19,858,275. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company 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.