JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by GFG Capital LLC

Posted by Defense World Staff on Oct 23rd, 2023

GFG Capital LLC lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 2.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,323 shares of the financial services provider’s stock after selling 186 shares during the quarter. GFG Capital LLC’s holdings in JPMorgan Chase & Co. were worth $920,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank Julius Baer & Co. Ltd Zurich lifted its position in shares of JPMorgan Chase & Co. by 97,681.8% during 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 buying an additional 2,054,643,659 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in shares of 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 valued at $13,141,876,000 after buying an additional 97,907,897 shares in the last quarter. Norges Bank purchased a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at approximately $3,894,646,000. Morgan Stanley lifted its position in shares of 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 valued at $7,918,506,000 after buying an additional 8,088,433 shares in the last quarter. Finally, Providence Capital Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 13,205.6% during the 1st quarter. Providence Capital Advisors LLC now owns 5,395,818 shares of the financial services provider’s stock valued at $41,407,000 after buying an additional 5,355,265 shares in the last quarter. 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 business’s stock in a transaction dated 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 transaction, the general counsel now directly owns 53,425 shares of the company’s stock, valued at $7,739,145.50. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

JPM has been the topic of a number of recent analyst reports. Morgan Stanley increased their target price on JPMorgan Chase & Co. from $187.00 to $191.00 and gave the company an “overweight” rating in a research report on Monday, October 16th. Wolfe Research raised 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 issued a “hold” rating for the company. Citigroup downgraded JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and set a $160.00 target price for the company. in a research note on Wednesday, July 12th. Finally, Evercore ISI raised their target price on JPMorgan Chase & Co. from $158.00 to $167.00 in a research note on Thursday, October 5th. Eight equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $169.79.

Check Out Our Latest Stock Report on JPMorgan Chase & Co.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $142.95 on Monday. The company has a market cap of $415.42 billion, a P/E ratio of 8.53, a P/E/G ratio of 1.75 and a beta of 1.10. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a 50-day moving average of $146.71 and a two-hundred day moving average of $144.12. JPMorgan Chase & Co. has a 1-year low of $116.33 and a 1-year high of $159.38.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its earnings results on Friday, October 13th. The financial services provider reported $4.33 earnings per share for the quarter, beating the consensus estimate of $3.95 by $0.38. The company had revenue of $40.69 billion during the quarter, compared to the consensus estimate of $39.63 billion. JPMorgan Chase & Co. had a return on equity of 17.97% and a net margin of 22.79%. JPMorgan Chase & Co.’s revenue was up 24.4% compared to the same quarter last year. During the same period in the previous year, the company posted $3.12 EPS. As a group, analysts anticipate that JPMorgan Chase & Co. will post 16.31 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, October 5th. This is an increase from JPMorgan Chase & Co.’s previous quarterly dividend of $1.00. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.94%. JPMorgan Chase & Co.’s payout ratio is currently 25.07%.

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.