Mawer Investment Management Ltd. Has $113.05 Million Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Aug 9th, 2023

Mawer Investment Management Ltd. lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 13.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 867,558 shares of the financial services provider’s stock after selling 136,977 shares during the quarter. Mawer Investment Management Ltd.’s holdings in JPMorgan Chase & Co. were worth $113,051,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC raised its stake in JPMorgan Chase & Co. by 105,652.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock worth $13,141,876,000 after buying an additional 97,907,897 shares during the period. Morgan Stanley increased its holdings in shares of JPMorgan Chase & Co. by 15.9% in the fourth quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after acquiring an additional 8,088,433 shares in the last quarter. Geode Capital Management LLC raised its position in shares of JPMorgan Chase & Co. by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 51,248,625 shares of the financial services provider’s stock worth $6,859,512,000 after purchasing an additional 1,082,325 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of JPMorgan Chase & Co. by 71.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 30,484,094 shares of the financial services provider’s stock valued at $4,087,917,000 after purchasing an additional 12,654,947 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $3,894,646,000. Institutional investors own 70.10% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CEO Daniel E. Pinto sold 113,640 shares of JPMorgan Chase & Co. 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 completion of the sale, the chief executive officer now owns 566,665 shares of the company’s stock, valued at $77,026,773.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, General Counsel Stacey Friedman sold 4,310 shares of the stock in a transaction on Monday, August 7th. The stock was sold at an average price of $157.16, for a total transaction of $677,359.60. Following the sale, the general counsel now directly owns 57,735 shares of the company’s stock, valued at approximately $9,073,632.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Daniel E. Pinto sold 113,640 shares of the stock in a transaction dated 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 owns 566,665 shares in the company, valued at $77,026,773.45. The disclosure for this sale can be found here. Insiders have sold a total of 150,171 shares of company stock valued at $20,535,635 in the last ninety days. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on JPM shares. Evercore ISI dropped their target price on shares of JPMorgan Chase & Co. from $155.00 to $151.00 in a report on Friday, May 12th. StockNews.com assumed coverage on JPMorgan Chase & Co. in a research note on Thursday, May 18th. They issued a “hold” rating on the stock. Jefferies Financial Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price target for the company from $149.00 to $165.00 in a report on Tuesday, July 11th. Morgan Stanley boosted their target price on JPMorgan Chase & Co. from $160.00 to $173.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Finally, Oppenheimer raised their price target 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. Seven equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $164.39.

Check Out Our Latest Report on JPM

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $155.88 on Wednesday. The company has a market cap of $453.00 billion, a P/E ratio of 10.03, a P/E/G ratio of 2.06 and a beta of 1.10. The firm’s fifty day moving average price is $146.76 and its two-hundred day moving average price is $140.00. JPMorgan Chase & Co. has a one year low of $101.28 and a one year high of $159.38. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.90 and a quick ratio of 0.90.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings results on Friday, July 14th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $42.40 billion for the quarter, compared to analysts’ expectations of $38.66 billion. During the same period in the prior year, the firm earned $2.76 EPS. The business’s revenue was up 34.1% on a year-over-year basis. 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. Investors of record on Thursday, July 6th were paid a $1.00 dividend. The ex-dividend date was Wednesday, July 5th. This represents a $4.00 annualized dividend and a yield of 2.57%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.74%.

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.