Atwood & Palmer Inc. Has $1.16 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Oct 2nd, 2023

Atwood & Palmer Inc. lifted its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 6.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,945 shares of the financial services provider’s stock after acquiring an additional 450 shares during the period. Atwood & Palmer Inc.’s holdings in JPMorgan Chase & Co. were worth $1,156,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Adirondack Retirement Specialists Inc. raised its holdings in JPMorgan Chase & Co. by 510.8% during the first quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock worth $29,000 after buying an additional 189 shares during the last quarter. Nordwand Advisors LLC bought a new position in JPMorgan Chase & Co. during the first quarter valued at about $30,000. Boulder Wealth Advisors LLC bought a new position in JPMorgan Chase & Co. during the fourth quarter valued at about $43,000. Sageworth Trust Co boosted its position in JPMorgan Chase & Co. by 266.7% during the first quarter. Sageworth Trust Co now owns 407 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 296 shares during the period. Finally, Aspire Private Capital LLC bought a new position in JPMorgan Chase & Co. during the first quarter worth about $54,391,133,000. Institutional investors and hedge funds own 68.94% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 4,310 shares of the firm’s stock in a transaction 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 transaction, the general counsel now owns 53,425 shares in the company, valued at $7,739,145.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Trading Down 1.7 %

JPM stock opened at $145.02 on Monday. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $421.44 billion, a price-to-earnings ratio of 9.33, a PEG ratio of 1.86 and a beta of 1.11. JPMorgan Chase & Co. has a 1-year low of $101.28 and a 1-year high of $159.38. The business has a 50 day simple moving average of $150.02 and a two-hundred day simple moving average of $142.34.

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 for the quarter, beating 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 net margin of 23.45% and a return on equity of 17.29%. JPMorgan Chase & Co.’s revenue for the quarter was up 34.1% compared to the same quarter last year. During the same period last year, the firm posted $2.76 earnings per share. Research analysts anticipate that JPMorgan Chase & Co. will post 15.65 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

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

Wall Street Analyst Weigh In

JPM has been the subject of a number of analyst reports. Barclays raised their price objective on shares of JPMorgan Chase & Co. from $179.00 to $182.00 in a research report on Sunday, July 16th. Oppenheimer lowered their target price on shares of JPMorgan Chase & Co. from $219.00 to $215.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 26th. Citigroup downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 target price on the stock. in a research note on Wednesday, July 12th. Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $173.00 to $179.00 and gave the company an “overweight” rating in a research note on Tuesday, September 12th. Finally, Jefferies Financial Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price target for the stock from $149.00 to $165.00 in a research note on Tuesday, July 11th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $167.00.

Get Our Latest Research Report on JPMorgan Chase & Co.

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.