Freedom Day Solutions LLC Makes New Investment in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Oct 13th, 2023

Freedom Day Solutions LLC acquired a new position in JPMorgan Chase & Co. (NYSE:JPM) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,513 shares of the financial services provider’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Cantor Fitzgerald Investment Advisor L.P raised its position 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 acquiring an additional 99,636 shares during the last quarter. BCK Partners Inc. acquired a new position in shares of JPMorgan Chase & Co. during the first quarter worth about $2,455,000. LSV Asset Management boosted its position in shares of JPMorgan Chase & Co. by 35.6% during the first quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock worth $5,085,000 after buying an additional 9,800 shares during the period. Wsfs Capital Management LLC boosted its position in JPMorgan Chase & Co. by 70.8% during the first quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after purchasing an additional 1,749 shares during the last quarter. Finally, Lumature Wealth Partners LLC boosted its position in JPMorgan Chase & Co. by 1,451.4% during the first quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after purchasing an additional 3,527 shares during the last quarter. Institutional investors and hedge funds own 68.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Wells Fargo & Company raised their price objective on JPMorgan Chase & Co. from $174.00 to $180.00 in a research report on Monday, July 17th. Morgan Stanley increased their target price on JPMorgan Chase & Co. from $179.00 to $187.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 3rd. Barclays increased their target price on JPMorgan Chase & Co. from $179.00 to $182.00 in a research note on Sunday, July 16th. Societe Generale lowered JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $158.00 price objective on shares of JPMorgan Chase & Co. in a research note on Friday, September 8th. Eight analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $168.47.

View Our Latest Analysis on JPM

Insider Activity at JPMorgan Chase & Co.

In related 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 sale, the general counsel now owns 53,425 shares of the company’s stock, valued at approximately $7,739,145.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Trading Down 0.2 %

Shares of JPM stock opened at $145.81 on Friday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.90 and a current ratio of 0.90. JPMorgan Chase & Co. has a fifty-two week low of $101.76 and a fifty-two week high of $159.38. The company has a market cap of $423.74 billion, a PE ratio of 9.38, a P/E/G ratio of 1.85 and a beta of 1.10. The stock’s fifty day moving average price is $147.77 and its two-hundred day moving average price is $143.19.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings data on Friday, July 14th. The financial services provider reported $4.37 earnings per share for the quarter, beating 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 company 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 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 34.1% on a year-over-year basis. Equities analysts predict that JPMorgan Chase & Co. will post 15.68 EPS for the current fiscal year.

JPMorgan Chase & Co. Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Investors of record on Friday, October 6th will be issued 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 annualized dividend and a dividend yield of 2.88%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.03%.

About JPMorgan Chase & Co.

(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.