Lion Street Advisors LLC Has $1.63 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Apr 1st, 2023

Lion Street Advisors LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 17.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,581 shares of the financial services provider’s stock after selling 1,993 shares during the quarter. JPMorgan Chase & Co. comprises about 0.9% of Lion Street Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Lion Street Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,628,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of JPM. Vanguard Group Inc. increased its stake in shares of JPMorgan Chase & Co. by 1.1% during the third quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock worth $28,480,408,000 after purchasing an additional 2,918,554 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of JPMorgan Chase & Co. by 23.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 31,667,210 shares of the financial services provider’s stock valued at $3,566,044,000 after acquiring an additional 5,978,393 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of JPMorgan Chase & Co. by 4.2% during the 2nd quarter. Legal & General Group Plc now owns 21,156,537 shares of the financial services provider’s stock valued at $2,382,439,000 after acquiring an additional 847,094 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in JPMorgan Chase & Co. by 5.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 21,084,558 shares of the financial services provider’s stock worth $2,203,621,000 after buying an additional 1,058,790 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in JPMorgan Chase & Co. by 4.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 18,607,661 shares of the financial services provider’s stock worth $2,536,598,000 after buying an additional 805,196 shares during the period. 67.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on JPM. Credit Suisse Group set a $155.00 target price on JPMorgan Chase & Co. in a research report on Monday, February 27th. Deutsche Bank Aktiengesellschaft downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their target price for the stock from $155.00 to $145.00 in a research note on Friday, January 6th. Barclays boosted their target price on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a report on Tuesday, January 3rd. Oppenheimer decreased their price target on shares of JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating on the stock in a report on Thursday, March 23rd. Finally, Piper Sandler increased their target price on JPMorgan Chase & Co. from $150.00 to $157.00 in a research note on Tuesday, January 17th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $149.28.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 23,148 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total value of $3,247,895.88. Following the completion of the sale, the general counsel now directly owns 48,311 shares in the company, valued at $6,778,516.41. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Vice Chairman Peter Scher sold 4,399 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total value of $617,267.68. Following the sale, the insider now owns 36,369 shares in the company, valued at $5,103,298.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, General Counsel Stacey Friedman sold 23,148 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.31, for a total transaction of $3,247,895.88. Following the completion of the sale, the general counsel now owns 48,311 shares in the company, valued at approximately $6,778,516.41. The disclosure for this sale can be found here. Insiders have sold 37,887 shares of company stock valued at $5,315,762 in the last ninety days. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $130.31 on Friday. The firm has a market cap of $383.55 billion, a P/E ratio of 10.79, a PEG ratio of 2.00 and a beta of 1.12. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. The company has a 50 day moving average of $136.94 and a 200 day moving average of $130.07. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $144.34.

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

JPMorgan Chase & Co. Announces Dividend

The company 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 $1.00 dividend. This represents a $4.00 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 33.11%.

JPMorgan Chase & Co. Company 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.