JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by LaFleur & Godfrey LLC

Posted by Defense World Staff on Mar 22nd, 2023

LaFleur & Godfrey LLC decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 13.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,351 shares of the financial services provider’s stock after selling 28,634 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 4.0% of LaFleur & Godfrey LLC’s holdings, making the stock its 4th largest position. LaFleur & Godfrey LLC’s holdings in JPMorgan Chase & Co. were worth $24,185,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the stock. YHB Investment Advisors Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 2.0% in the 4th quarter. YHB Investment Advisors Inc. now owns 22,350 shares of the financial services provider’s stock worth $2,997,000 after purchasing an additional 434 shares during the last quarter. Marcum Wealth LLC raised its stake in JPMorgan Chase & Co. by 1.1% during the 4th quarter. Marcum Wealth LLC now owns 32,989 shares of the financial services provider’s stock valued at $4,424,000 after acquiring an additional 373 shares in the last quarter. Smith Chas P & Associates PA Cpas raised its stake in shares of JPMorgan Chase & Co. by 0.4% in the 4th quarter. Smith Chas P & Associates PA Cpas now owns 381,881 shares of the financial services provider’s stock worth $51,210,000 after buying an additional 1,372 shares in the last quarter. Accuvest Global Advisors raised its stake in shares of JPMorgan Chase & Co. by 94.3% in the 4th quarter. Accuvest Global Advisors now owns 21,586 shares of the financial services provider’s stock worth $2,895,000 after buying an additional 10,474 shares in the last quarter. Finally, Carmel Capital Management L.L.C. raised its stake in shares of JPMorgan Chase & Co. by 1.1% in the 4th quarter. Carmel Capital Management L.L.C. now owns 61,573 shares of the financial services provider’s stock worth $8,257,000 after buying an additional 650 shares in the last quarter. Institutional investors own 67.89% of the company’s stock.

Insider Buying and Selling

In related news, Vice Chairman Peter Scher sold 4,399 shares of the business’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total transaction of $617,267.68. Following the completion of the transaction, the insider now owns 36,369 shares of the company’s stock, valued at approximately $5,103,298.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Vice Chairman Peter Scher sold 4,399 shares of the business’s stock in a transaction dated Tuesday, January 17th. The stock was sold at an average price of $140.32, for a total transaction of $617,267.68. Following the completion of the transaction, the insider now owns 36,369 shares of the company’s stock, valued at approximately $5,103,298.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mellody L. Hobson acquired 375 shares of the business’s stock in a transaction that occurred on Thursday, January 19th. The shares were acquired at an average cost of $134.53 per share, with a total value of $50,448.75. Following the transaction, the director now directly owns 22,040 shares in the company, valued at approximately $2,965,041.20. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 37,887 shares of company stock valued at $5,315,762. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $130.55 on Wednesday. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $144.34. The business has a 50-day moving average of $138.70 and a two-hundred day moving average of $129.63. The stock has a market capitalization of $384.25 billion, a P/E ratio of 10.81, a P/E/G ratio of 1.95 and a beta of 1.12. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, topping analysts’ consensus estimates of $3.11 by $0.46. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The company had revenue of $34.55 billion during the quarter, compared to analysts’ expectations of $34.23 billion. During the same quarter in the previous year, the firm earned $3.33 earnings per share. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. On average, equities research analysts predict that JPMorgan Chase & Co. will post 12.9 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.06%. JPMorgan Chase & Co.’s dividend payout ratio is presently 33.11%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Wells Fargo & Company upgraded JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $148.00 to $155.00 in a report on Monday, March 13th. Credit Suisse Group set a $155.00 price target on JPMorgan Chase & Co. in a report on Monday, February 27th. Morgan Stanley lifted their price target on JPMorgan Chase & Co. from $167.00 to $173.00 and gave the company an “overweight” rating in a report on Friday, February 24th. Oppenheimer lifted their price target on JPMorgan Chase & Co. from $177.00 to $186.00 and gave the company an “outperform” rating in a report on Thursday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lowered their price target for the company from $155.00 to $145.00 in a report on Friday, January 6th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average price target of $150.78.

JPMorgan Chase & Co. Profile

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JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.