Capital Analysts LLC Has $5.21 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Aug 8th, 2023

Capital Analysts LLC increased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,972 shares of the financial services provider’s stock after acquiring an additional 480 shares during the quarter. Capital Analysts LLC’s holdings in JPMorgan Chase & Co. were worth $5,209,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JPM. Cantor Fitzgerald Investment Advisor L.P lifted its stake in JPMorgan Chase & Co. by 81.1% in the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after buying an additional 99,636 shares during the period. BCK Partners Inc. bought a new position in JPMorgan Chase & Co. during the first quarter worth $2,455,000. LSV Asset Management increased its stake in JPMorgan Chase & Co. by 35.6% in the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after purchasing an additional 9,800 shares in the last quarter. Wsfs Capital Management LLC boosted its position in shares of JPMorgan Chase & Co. by 70.8% during the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock worth $575,000 after purchasing an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC increased its position in JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after buying an additional 3,527 shares in the last quarter. Institutional investors and hedge funds own 70.10% of the company’s stock.

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 dated Monday, May 15th. The shares were sold at an average price of $135.02, for a total transaction of $167,424.80. Following the sale, the insider now directly owns 45,056 shares of the company’s stock, valued at $6,083,461.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Daniel E. Pinto sold 113,640 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $135.93, for a total transaction 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 filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Peter Scher sold 1,240 shares of the firm’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $135.02, for a total value of $167,424.80. Following the completion of the transaction, the insider now owns 45,056 shares of the company’s stock, valued at approximately $6,083,461.12. The disclosure for this sale can be found here. In the last 90 days, insiders sold 145,861 shares of company stock valued at $19,858,275. 0.79% of the stock is owned by insiders.

Analyst Ratings Changes

JPM has been the subject of several recent research reports. The Goldman Sachs Group boosted their price objective on JPMorgan Chase & Co. from $160.00 to $172.00 in a report on Friday, April 14th. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $179.00 to $182.00 in a report on Sunday, July 16th. 888 reiterated a “maintains” rating on shares of JPMorgan Chase & Co. in a report on Monday, June 26th. Bank of America upped their target price on shares of JPMorgan Chase & Co. from $152.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, April 17th. Finally, Oppenheimer lifted their price target on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a research note on Monday, April 17th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.39.

Get Our Latest Research Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Stock Up 0.5 %

JPM opened at $156.76 on Tuesday. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $159.38. The company’s 50-day moving average price is $146.36 and its two-hundred day moving average price is $139.84. The stock has a market cap of $458.10 billion, a price-to-earnings ratio of 10.09, a PEG ratio of 2.05 and a beta of 1.10. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.28.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last posted its quarterly earnings results on Friday, July 14th. The financial services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.75. JPMorgan Chase & Co. had a net margin of 23.45% and a return on equity of 17.29%. The company had revenue of $42.40 billion for the quarter, compared to analysts’ expectations of $38.66 billion. During the same quarter in the previous year, the firm posted $2.76 EPS. JPMorgan Chase & Co.’s revenue was up 34.1% on a year-over-year basis. As a group, equities analysts expect that JPMorgan Chase & Co. will post 15.23 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Stockholders of record on Thursday, July 6th were paid a dividend of $1.00 per share. The ex-dividend date was Wednesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.55%. JPMorgan Chase & Co.’s payout ratio is 25.74%.

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.