Consilium Wealth Advisory LLC Purchases 2,175 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Sep 24th, 2023

Consilium Wealth Advisory LLC boosted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 30.3% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 9,357 shares of the financial services provider’s stock after buying an additional 2,175 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.9% of Consilium Wealth Advisory LLC’s investment portfolio, making the stock its 22nd largest holding. Consilium Wealth Advisory LLC’s holdings in JPMorgan Chase & Co. were worth $1,361,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC lifted its holdings 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 lifted its holdings in JPMorgan Chase & Co. by 15.9% during the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock worth $7,918,506,000 after buying an additional 8,088,433 shares during the period. Geode Capital Management LLC lifted its holdings in JPMorgan Chase & Co. by 2.1% during the 1st quarter. Geode Capital Management LLC now owns 52,310,456 shares of the financial services provider’s stock worth $6,801,125,000 after buying an additional 1,061,831 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in JPMorgan Chase & Co. by 7.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,769,523 shares of the financial services provider’s stock worth $4,270,198,000 after buying an additional 2,285,429 shares during the period. Finally, Norges Bank acquired a new position in JPMorgan Chase & Co. during the 4th quarter worth about $3,894,646,000. 68.94% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Down 1.0 %

JPM stock opened at $145.73 on Friday. The stock’s 50 day simple moving average is $150.87 and its 200 day simple moving average is $141.78. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two 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 cap of $423.50 billion, a P/E 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 issued its quarterly earnings data 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. The firm had revenue of $42.40 billion during the quarter, compared to analyst estimates of $38.66 billion. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The company’s revenue for the quarter was up 34.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.76 EPS. On average, research analysts expect that JPMorgan Chase & Co. will post 15.57 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 6th will be issued a dividend of $1.05 per share. This is a positive change from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date is Thursday, October 5th. JPMorgan Chase & Co.’s payout ratio is currently 25.74%.

Analysts Set New Price Targets

Several research analysts have commented on the company. Societe Generale downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, July 10th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 price objective on the stock in a research note on Friday, July 7th. Citigroup downgraded JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 price objective on the stock. in a research note on Wednesday, July 12th. HSBC initiated coverage on JPMorgan Chase & Co. in a research note on Thursday, September 7th. They issued a “hold” rating and a $159.00 price objective on the stock. Finally, Piper Sandler boosted their price objective on JPMorgan Chase & Co. from $158.00 to $168.00 in a research note on Monday, July 17th. Eight equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $167.21.

Get Our Latest Stock Report on JPMorgan Chase & Co.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $144.86, for a total transaction of $624,346.60. Following the completion of the sale, the general counsel now directly owns 53,425 shares of the company’s stock, valued at approximately $7,739,145.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.