JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Cypress Wealth Services LLC

Posted by Defense World Staff on Oct 10th, 2023

Cypress Wealth Services LLC lifted its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 14.5% in the 2nd quarter, Holdings Channel.com reports. The firm owned 9,864 shares of the financial services provider’s stock after purchasing an additional 1,248 shares during the quarter. Cypress Wealth Services LLC’s holdings in JPMorgan Chase & Co. were worth $1,513,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of JPMorgan Chase & Co. by 97,681.8% in the 2nd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 2,056,747,063 shares of the financial services provider’s stock valued at $299,133,293,000 after purchasing an additional 2,054,643,659 shares in the last quarter. Moneta Group Investment Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 105,652.2% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 98,000,567 shares of the financial services provider’s stock valued at $13,141,876,000 after purchasing an additional 97,907,897 shares in the last quarter. Morgan Stanley increased its stake in shares of JPMorgan Chase & Co. by 15.9% in the 4th quarter. Morgan Stanley now owns 59,049,256 shares of the financial services provider’s stock valued at $7,918,506,000 after purchasing an additional 8,088,433 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 52,310,456 shares of the financial services provider’s stock valued at $6,801,125,000 after purchasing an additional 1,061,831 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of JPMorgan Chase & Co. by 7.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,769,523 shares of the financial services provider’s stock valued at $4,270,198,000 after purchasing an additional 2,285,429 shares in the last quarter. Hedge funds and other institutional investors own 68.94% of the company’s stock.

Analyst Ratings Changes

JPM has been the subject of several research reports. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 price objective for the company in a research note on Friday, July 7th. StockNews.com initiated coverage on JPMorgan Chase & Co. in a research note on Thursday, October 5th. They set a “hold” rating for the company. 888 reiterated a “maintains” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 26th. Piper Sandler boosted their price objective on JPMorgan Chase & Co. from $158.00 to $168.00 in a research note on Monday, July 17th. Finally, Jefferies Financial Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price objective 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 eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $168.26.

Get Our Latest Analysis on JPMorgan Chase & Co.

JPMorgan Chase & Co. Stock Down 0.2 %

NYSE:JPM opened at $144.77 on Tuesday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.28. The stock’s fifty day moving average is $148.40 and its two-hundred day moving average is $143.00. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $159.38. The stock has a market capitalization of $420.71 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 1.85 and a beta of 1.10.

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 EPS for the quarter, topping 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 company 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 earnings per share. The firm’s revenue was up 34.1% compared to the same quarter last year. Research analysts anticipate that JPMorgan Chase & Co. will post 15.68 EPS for the current 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 paid a dividend of $1.05 per share. This represents a $4.20 dividend on an annualized basis and a yield of 2.90%. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. The ex-dividend date is Thursday, October 5th. JPMorgan Chase & Co.’s dividend payout ratio is 27.03%.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 4,310 shares of the company’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 sale, the general counsel now owns 53,425 shares of the company’s stock, valued at $7,739,145.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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.