Lantz Financial LLC Acquires 798 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Apr 5th, 2023

Lantz Financial LLC increased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 12.7% during the fourth quarter, Holdings Channel reports. The firm owned 7,070 shares of the financial services provider’s stock after acquiring an additional 798 shares during the quarter. Lantz Financial LLC’s holdings in JPMorgan Chase & Co. were worth $948,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Retirement Financial Solutions LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth about $26,000. HBC Financial Services PLLC increased its stake in JPMorgan Chase & Co. by 61.2% in the 2nd quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 90 shares during the last quarter. Creative Capital Management Investments LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter worth approximately $30,000. Horizons Wealth Management purchased a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter worth approximately $39,000. Finally, New Millennium Group LLC bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at approximately $39,000. 67.89% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO Mary E. Erdoes sold 10,340 shares of the company’s stock in a transaction on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total value of $1,450,598.60. Following the completion of the sale, the chief executive officer now directly owns 544,136 shares in the company, valued at approximately $76,336,839.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CEO Mary E. Erdoes sold 10,340 shares of the business’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.29, for a total value of $1,450,598.60. Following the completion of the sale, the chief executive officer now owns 544,136 shares in the company, valued at approximately $76,336,839.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Vice Chairman Peter Scher sold 4,399 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now directly owns 36,369 shares of the company’s stock, valued at approximately $5,103,298.08. The disclosure for this sale can be found here. Insiders have sold a total of 37,887 shares of company stock valued at $5,315,762 over the last quarter. 0.79% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on JPM shares. Deutsche Bank Aktiengesellschaft downgraded shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and decreased their price target for the company from $155.00 to $145.00 in a research note on Friday, January 6th. Oppenheimer lowered their price target on shares of JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating for the company in a report on Thursday, March 23rd. UBS Group set a $156.00 price target on JPMorgan Chase & Co. in a research report on Friday, January 13th. Piper Sandler upped their price objective on JPMorgan Chase & Co. from $150.00 to $157.00 in a research report on Tuesday, January 17th. Finally, Barclays lifted their target price on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a report on Tuesday, January 3rd. Six investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Moderate Buy” and a consensus target price of $149.28.

JPMorgan Chase & Co. Stock Down 1.3 %

NYSE:JPM opened at $128.42 on Wednesday. The company has a market cap of $377.99 billion, a price-to-earnings ratio of 10.63, a price-to-earnings-growth ratio of 2.02 and a beta of 1.10. JPMorgan Chase & Co. has a twelve month low of $101.28 and a twelve month high of $144.34. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.12. The stock has a fifty day simple moving average of $136.60 and a 200-day simple moving average of $130.43.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, beating analysts’ consensus estimates of $3.11 by $0.46. The company had revenue of $34.55 billion during the quarter, compared to analyst estimates of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter last year, the business posted $3.33 EPS. Analysts anticipate that JPMorgan Chase & Co. will post 12.9 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be issued a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.11%. JPMorgan Chase & Co.’s payout ratio is 33.11%.

JPMorgan Chase & Co. Company Profile

(Get Rating)

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.