Hutchens & Kramer Investment Management Group LLC Acquires 95 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Oct 2nd, 2023

Hutchens & Kramer Investment Management Group LLC lifted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 2,117 shares of the financial services provider’s stock after purchasing an additional 95 shares during the period. Hutchens & Kramer Investment Management Group LLC’s holdings in JPMorgan Chase & Co. were worth $308,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Cantor Fitzgerald Investment Advisor L.P grew its holdings in shares of JPMorgan Chase & Co. by 81.1% during the first quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock worth $30,321,000 after buying an additional 99,636 shares in the last quarter. BCK Partners Inc. acquired a new stake in JPMorgan Chase & Co. during the 1st quarter worth approximately $2,455,000. LSV Asset Management lifted its holdings in JPMorgan Chase & Co. by 35.6% during the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after purchasing an additional 9,800 shares during the last quarter. Wsfs Capital Management LLC raised its holdings in JPMorgan Chase & Co. by 70.8% in the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after acquiring an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC raised its holdings 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 acquiring an additional 3,527 shares in the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 4,310 shares of JPMorgan Chase & Co. 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 sale, the general counsel now directly owns 53,425 shares of the company’s stock, valued at approximately $7,739,145.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.79% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Jefferies Financial Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price target for the company from $149.00 to $165.00 in a research note on Tuesday, July 11th. Wells Fargo & Company upped their price target on JPMorgan Chase & Co. from $174.00 to $180.00 in a research report on Monday, July 17th. 888 reissued a “maintains” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 26th. Credit Suisse Group upped their price target on JPMorgan Chase & Co. from $160.00 to $170.00 in a research note on Monday, July 17th. Finally, Citigroup downgraded JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 price target on the stock. in a research note on Wednesday, July 12th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $167.00.

View Our Latest Stock Report on JPM

JPMorgan Chase & Co. Trading Down 1.7 %

NYSE:JPM opened at $145.02 on Monday. The company has a market cap of $421.44 billion, a P/E ratio of 9.33, a P/E/G ratio of 1.86 and a beta of 1.11. The stock’s fifty day moving average price is $150.02 and its two-hundred day moving average price is $142.34. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 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 posted its earnings results on Friday, July 14th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $42.40 billion for the quarter, compared to the consensus estimate of $38.66 billion. During the same quarter in the prior year, the business posted $2.76 earnings per share. The business’s quarterly revenue was up 34.1% on a year-over-year basis. As a group, analysts expect that JPMorgan Chase & Co. will post 15.65 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be paid a $1.05 dividend. The ex-dividend date is Thursday, October 5th. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. This represents a $4.20 annualized dividend and a dividend yield of 2.90%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.74%.

JPMorgan Chase & Co. 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.