Redhawk Wealth Advisors Inc. Has $1.66 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Sep 24th, 2023

Redhawk Wealth Advisors Inc. increased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 26.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,414 shares of the financial services provider’s stock after buying an additional 2,376 shares during the quarter. Redhawk Wealth Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $1,660,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Adirondack Retirement Specialists Inc. increased its holdings in JPMorgan Chase & Co. by 510.8% during the 1st quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 189 shares in the last quarter. Nordwand Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $30,000. Boulder Wealth Advisors LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $43,000. Sageworth Trust Co increased its holdings in JPMorgan Chase & Co. by 266.7% during the 1st quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 296 shares in the last quarter. Finally, Freedom Wealth Alliance LLC bought a new stake in JPMorgan Chase & Co. during the 4th quarter worth approximately $60,000. 68.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total transaction of $624,346.60. Following the sale, the general counsel now owns 53,425 shares in the company, valued at $7,739,145.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Piper Sandler boosted their price objective on JPMorgan Chase & Co. from $158.00 to $168.00 in a report on Monday, July 17th. Royal Bank of Canada reissued an “outperform” rating and set a $158.00 price objective on shares of JPMorgan Chase & Co. in a report on Friday, September 8th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 target price for the company in a report on Friday, July 7th. Atlantic Securities upped their target price on JPMorgan Chase & Co. from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Tuesday, August 1st. Finally, Barclays increased their price objective on JPMorgan Chase & Co. from $179.00 to $182.00 in a report on Sunday, July 16th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $167.21.

View Our Latest Report on JPM

JPMorgan Chase & Co. Trading Down 1.0 %

Shares of JPM stock opened at $145.73 on Friday. The business’s fifty day moving average is $150.87 and its 200 day moving average is $141.78. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $159.38. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market capitalization of $423.50 billion, a PE ratio of 9.38, a price-to-earnings-growth ratio of 1.89 and a beta of 1.11.

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 analysts’ consensus estimates of $3.62 by $0.75. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The business had revenue of $42.40 billion for the quarter, compared to the consensus estimate of $38.66 billion. During the same quarter last year, the business posted $2.76 earnings per share. The company’s revenue for the quarter was up 34.1% on a year-over-year basis. On average, equities research analysts anticipate that JPMorgan Chase & Co. will post 15.57 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th will be given a dividend of $1.05 per share. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. The ex-dividend date is Thursday, October 5th. This represents a $4.20 dividend on an annualized basis and a yield of 2.88%. 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.