Lansing Street Advisors Sells 577 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by on May 6th, 2023

Lansing Street Advisors lessened its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 19.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,375 shares of the financial services provider’s stock after selling 577 shares during the period. Lansing Street Advisors’ holdings in JPMorgan Chase & Co. were worth $318,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cottage Street Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 11,378.2% in the 4th quarter. Cottage Street Advisors LLC now owns 4,100,117 shares of the financial services provider’s stock worth $674,000 after buying an additional 4,064,396 shares during the last quarter. Barclays PLC increased its holdings in shares of JPMorgan Chase & Co. by 77.8% in the 3rd quarter. Barclays PLC now owns 8,071,119 shares of the financial services provider’s stock worth $843,433,000 after buying an additional 3,531,637 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of JPMorgan Chase & Co. by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 272,539,783 shares of the financial services provider’s stock worth $28,480,408,000 after buying an additional 2,918,554 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of JPMorgan Chase & Co. by 7,427.6% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,664,092 shares of the financial services provider’s stock worth $363,169,000 after buying an additional 2,628,701 shares during the last quarter. Finally, Federated Hermes Inc. increased its holdings in shares of JPMorgan Chase & Co. by 265.8% in the 3rd quarter. Federated Hermes Inc. now owns 3,391,632 shares of the financial services provider’s stock worth $354,426,000 after buying an additional 2,464,462 shares during the last quarter. Institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Trading Up 2.0 %

NYSE:JPM opened at $136.74 on Friday. The company has a 50-day moving average price of $134.05 and a 200-day moving average price of $134.35. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $144.34. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 1.07. The stock has a market cap of $400.85 billion, a price-to-earnings ratio of 10.09, a P/E/G ratio of 1.93 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.69. The company had revenue of $38.35 billion during the quarter, compared to analyst estimates of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. JPMorgan Chase & Co.’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period last year, the business earned $2.63 EPS. Equities analysts predict that JPMorgan Chase & Co. will post 14.11 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Sunday, April 30th. Investors of record on Thursday, April 6th were paid a $1.00 dividend. The ex-dividend date was Wednesday, April 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.93%. JPMorgan Chase & Co.’s payout ratio is 29.52%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a report on Monday, April 17th. UBS Group set a $156.00 target price on shares of JPMorgan Chase & Co. in a report on Friday, January 13th. Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a report on Monday, April 17th. Citigroup increased their target price on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Finally, The Goldman Sachs Group increased their target price on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a report on Friday, April 14th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $155.00.

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.

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

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