Violich Capital Management Inc. Has $1.87 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Posted by on Apr 8th, 2023

Violich Capital Management Inc. lowered its stake in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 30.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 13,965 shares of the financial services provider’s stock after selling 5,975 shares during the period. Violich Capital Management Inc.’s holdings in JPMorgan Chase & Co. were worth $1,873,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Aptus Capital Advisors LLC raised its stake in JPMorgan Chase & Co. by 11.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 153,622 shares of the financial services provider’s stock worth $16,054,000 after purchasing an additional 15,607 shares in the last quarter. Leisure Capital Management raised its stake in JPMorgan Chase & Co. by 2.7% in the 3rd quarter. Leisure Capital Management now owns 22,736 shares of the financial services provider’s stock worth $2,376,000 after purchasing an additional 600 shares in the last quarter. Ballentine Partners LLC raised its stake in JPMorgan Chase & Co. by 12.4% in the 3rd quarter. Ballentine Partners LLC now owns 51,929 shares of the financial services provider’s stock worth $5,427,000 after purchasing an additional 5,719 shares in the last quarter. Argus Investors Counsel Inc. raised its stake in JPMorgan Chase & Co. by 0.6% in the 4th quarter. Argus Investors Counsel Inc. now owns 24,284 shares of the financial services provider’s stock worth $3,256,000 after purchasing an additional 149 shares in the last quarter. Finally, BerganKDV Wealth Management LLC increased its stake in JPMorgan Chase & Co. by 6.1% during the 3rd quarter. BerganKDV Wealth Management LLC now owns 35,995 shares of the financial services provider’s stock worth $3,762,000 after acquiring an additional 2,079 shares during the period. Institutional investors and hedge funds own 67.89% of the company’s stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, Director Mellody L. Hobson acquired 375 shares of JPMorgan Chase & Co. stock in a transaction that occurred on Thursday, January 19th. The shares were bought at an average price of $134.53 per share, with a total value of $50,448.75. Following the completion of the purchase, the director now directly owns 22,040 shares in the company, valued at approximately $2,965,041.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Mellody L. Hobson acquired 375 shares of the business’s stock in a transaction that occurred on Thursday, January 19th. The shares were bought at an average cost of $134.53 per share, with a total value of $50,448.75. Following the completion of the purchase, the director now directly owns 22,040 shares in the company, valued at $2,965,041.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Peter Scher sold 4,399 shares of JPMorgan Chase & Co. stock in a transaction 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 transaction, 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 90 days. 0.79% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have commented on JPM. Oppenheimer lowered their price objective on JPMorgan Chase & Co. from $186.00 to $157.00 and set an “outperform” rating on the stock in a research note on Thursday, March 23rd. UBS Group set a $156.00 price objective on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. Citigroup increased their price objective on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. Royal Bank of Canada reduced their price objective on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a research note on Friday, March 24th. Finally, Evercore ISI cut their target price on JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday. Six analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $149.33.

JPMorgan Chase & Co. Stock Down 0.1 %

Shares of JPM opened at $127.47 on Friday. The stock has a fifty day moving average of $135.86 and a 200-day moving average of $130.46. JPMorgan Chase & Co. has a 52 week low of $101.28 and a 52 week high of $144.34. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.84 and a current ratio of 0.84. The stock has a market capitalization of $375.19 billion, a price-to-earnings ratio of 10.55, a PEG ratio of 2.00 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $34.23 billion. During the same quarter in the prior year, the firm posted $3.33 earnings per share. The firm’s revenue was up 18.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that JPMorgan Chase & Co. will post 12.84 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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 paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.14%. JPMorgan Chase & Co.’s dividend payout ratio is 33.11%.

About JPMorgan Chase & Co.

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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.

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

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