October 5, 2022

StuffStrife

Enduring Values

Hotaling Investment Management LLC Acquires 129 Shares of JPMorgan Chase & Co. (NYSE:JPM)


Hotaling Investment Management LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,453 shares of the financial services provider’s stock after buying an additional 129 shares during the quarter. Hotaling Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,016,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HMS Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 3.0% in the first quarter. HMS Capital Management LLC now owns 7,472 shares of the financial services provider’s stock worth $1,019,000 after buying an additional 217 shares during the period. Ballast Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 4.9% in the first quarter. Ballast Advisors LLC now owns 51,844 shares of the financial services provider’s stock worth $7,067,000 after buying an additional 2,444 shares during the period. Miller Howard Investments Inc. NY increased its position in JPMorgan Chase & Co. by 7,563.1% during the 1st quarter. Miller Howard Investments Inc. NY now owns 274,877 shares of the financial services provider’s stock valued at $37,471,000 after purchasing an additional 271,290 shares during the period. KMG Fiduciary Partners LLC increased its position in JPMorgan Chase & Co. by 5.2% during the 1st quarter. KMG Fiduciary Partners LLC now owns 113,981 shares of the financial services provider’s stock valued at $15,538,000 after purchasing an additional 5,654 shares during the period. Finally, FSB Premier Wealth Management Inc. increased its position in JPMorgan Chase & Co. by 5.2% during the 1st quarter. FSB Premier Wealth Management Inc. now owns 5,230 shares of the financial services provider’s stock valued at $712,000 after purchasing an additional 258 shares during the period. 70.35% of the stock is currently owned by institutional investors.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 21,012 shares of the company’s stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $130.04, for a total transaction of $2,732,400.48. Following the transaction, the insider now owns 178,588 shares in the company, valued at approximately $23,223,583.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jennifer Piepszak sold 4,668 shares of the company’s stock in a transaction dated Thursday, April 14th. The shares were sold at an average price of $126.19, for a total transaction of $589,054.92. Following the transaction, the chief executive officer now owns 11,135 shares in the company, valued at approximately $1,405,125.65. The disclosure for this sale can be found here. 0.79% of the stock is currently owned by corporate insiders.

A number of research analysts have issued reports on JPM shares. Berenberg Bank set a $120.00 price objective on shares of JPMorgan Chase & Co. in a research report on Tuesday, April 19th. Societe Generale raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $145.00 to $150.00 in a research report on Tuesday, May 24th. Argus reduced their price objective on shares of JPMorgan Chase & Co. from $177.00 to $155.00 in a research report on Thursday, April 14th. Morgan Stanley dropped their target price on shares of JPMorgan Chase & Co. from $152.00 to $149.00 and set an “underweight” rating on the stock in a report on Friday, June 24th. Finally, Oppenheimer upgraded shares of JPMorgan Chase & Co. from a “market perform” rating to an “outperform” rating and set a $167.00 target price on the stock in a report on Tuesday, May 3rd. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $159.33.

Shares of JPMorgan Chase & Co. stock opened at $114.36 on Friday. The stock has a market cap of $335.88 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 2.04 and a beta of 1.15. The firm’s 50-day moving average is $120.53 and its 200 day moving average is $135.96. JPMorgan Chase & Co. has a 1 year low of $109.30 and a 1 year high of $172.96. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.82 and a quick ratio of 0.82.

JPMorgan Chase & Co. (NYSE:JPMGet Rating) last posted its earnings results on Wednesday, April 13th. The financial services provider reported $2.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.73 by ($0.10). The company had revenue of $30.72 billion for the quarter, compared to the consensus estimate of $30.53 billion. JPMorgan Chase & Co. had a net margin of 33.61% and a return on equity of 16.58%. JPMorgan Chase & Co.’s revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.50 EPS. On average, equities analysts expect that JPMorgan Chase & Co. will post 11.23 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, July 31st. Shareholders of record on Wednesday, July 6th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.50%. The ex-dividend date is Tuesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.67%.

JPMorgan Chase & Co. Profile (Get Rating)

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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

Further Reading

Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPMGet Rating).

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)



Receive News & Ratings for JPMorgan Chase & Co. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com’s FREE daily email newsletter.