1,702 Shares in JPMorgan Chase & Co. (NYSE:JPM) Bought by Lakeside Advisors INC.

Posted by on May 15th, 2023

Lakeside Advisors INC. bought a new position in shares of JPMorgan Chase & Co. (NYSE:JPM) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,702 shares of the financial services provider’s stock, valued at approximately $228,000.

Several other large investors have also bought and sold shares of the stock. Cantor Fitzgerald Investment Advisor L.P grew its stake in shares of JPMorgan Chase & Co. by 81.1% in the 1st quarter. Cantor Fitzgerald Investment Advisor L.P now owns 222,422 shares of the financial services provider’s stock valued at $30,321,000 after buying an additional 99,636 shares during the period. BCK Partners Inc. bought a new position in JPMorgan Chase & Co. in the 1st quarter valued at about $2,455,000. LSV Asset Management lifted its position in JPMorgan Chase & Co. by 35.6% in the 1st quarter. LSV Asset Management now owns 37,300 shares of the financial services provider’s stock valued at $5,085,000 after acquiring an additional 9,800 shares in the last quarter. Wsfs Capital Management LLC lifted its position in JPMorgan Chase & Co. by 70.8% in the 1st quarter. Wsfs Capital Management LLC now owns 4,221 shares of the financial services provider’s stock valued at $575,000 after acquiring an additional 1,749 shares in the last quarter. Finally, Lumature Wealth Partners LLC lifted its position in JPMorgan Chase & Co. by 1,451.4% in the 1st quarter. Lumature Wealth Partners LLC now owns 3,770 shares of the financial services provider’s stock valued at $514,000 after acquiring an additional 3,527 shares in the last quarter. 67.89% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Trading Down 1.4 %

JPMorgan Chase & Co. stock opened at $134.10 on Monday. The stock has a market cap of $391.88 billion, a P/E ratio of 9.90, a PEG ratio of 1.91 and a beta of 1.10. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $144.34. The firm’s fifty day moving average price is $133.39 and its 200-day moving average price is $135.09. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.85.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its earnings results on Friday, April 14th. The financial services provider reported $4.10 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.69. The business had revenue of $38.35 billion for the quarter, compared to analysts’ expectations of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The firm’s revenue was up 24.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.63 earnings per share. Equities research analysts forecast that JPMorgan Chase & Co. will post 14.33 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced 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 of this dividend was Wednesday, April 5th. This represents a $4.00 dividend on an annualized basis and a yield of 2.98%. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.52%.

Insider Activity at JPMorgan Chase & Co.

In related news, CEO Daniel E. Pinto sold 113,640 shares of the stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $135.93, for a total value of $15,447,085.20. Following the transaction, the chief executive officer now owns 566,665 shares of the company’s stock, valued at $77,026,773.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.79% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Oppenheimer lifted their target price on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a research report on Monday, April 17th. Odeon Capital Group raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research report on Monday, May 1st. Bank of America lifted their target price on shares of JPMorgan Chase & Co. from $152.00 to $158.00 and gave the stock a “buy” rating in a research report on Monday, April 17th. Morgan Stanley lifted their target price on shares of JPMorgan Chase & Co. from $153.00 to $157.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Finally, Wells Fargo & Company lifted their target price on shares of JPMorgan Chase & Co. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Six analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $155.28.

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.

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

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