Pavion Blue Capital LLC Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Jul 30th, 2023

Pavion Blue Capital LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,419 shares of the financial services provider’s stock after selling 377 shares during the quarter. JPMorgan Chase & Co. makes up 1.9% of Pavion Blue Capital LLC’s holdings, making the stock its 18th largest position. Pavion Blue Capital LLC’s holdings in JPMorgan Chase & Co. were worth $3,052,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the stock. Twin Lakes Capital Management LLC raised its position in JPMorgan Chase & Co. by 0.5% in the fourth quarter. Twin Lakes Capital Management LLC now owns 13,786 shares of the financial services provider’s stock valued at $1,849,000 after purchasing an additional 71 shares during the period. Karpas Strategies LLC raised its position in JPMorgan Chase & Co. by 0.3% in the fourth quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock valued at $2,898,000 after purchasing an additional 71 shares during the period. Oxler Private Wealth LLC raised its position in JPMorgan Chase & Co. by 0.9% in the fourth quarter. Oxler Private Wealth LLC now owns 8,158 shares of the financial services provider’s stock valued at $1,094,000 after purchasing an additional 71 shares during the period. Sanford Advisory Services LLC raised its position in JPMorgan Chase & Co. by 2.4% in the fourth quarter. Sanford Advisory Services LLC now owns 3,176 shares of the financial services provider’s stock valued at $426,000 after purchasing an additional 73 shares during the period. Finally, Gould Asset Management LLC CA raised its position in JPMorgan Chase & Co. by 1.2% in the fourth quarter. Gould Asset Management LLC CA now owns 6,580 shares of the financial services provider’s stock valued at $882,000 after purchasing an additional 75 shares during the period. 70.10% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Trading Up 0.6 %

JPM opened at $156.91 on Friday. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $158.79. The stock has a market capitalization of $458.54 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 2.05 and a beta of 1.10. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.90 and a quick ratio of 0.85. The business has a fifty day moving average price of $144.35 and a 200 day moving average price of $139.28.

JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its earnings results on Friday, July 14th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $3.62 by $0.75. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The firm had revenue of $42.40 billion during the quarter, compared to analysts’ expectations of $38.66 billion. During the same period in the previous year, the firm posted $2.76 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 34.1% on a year-over-year basis. Sell-side analysts expect that JPMorgan Chase & Co. will post 15.23 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be given a dividend of $1.00 per share. The ex-dividend date is Wednesday, July 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.55%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.74%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on JPM shares. Barclays lifted their target price on JPMorgan Chase & Co. from $179.00 to $182.00 in a research report on Sunday, July 16th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $170.00 price objective for the company in a research note on Friday, July 7th. Credit Suisse Group lifted their price objective on JPMorgan Chase & Co. from $160.00 to $170.00 in a research note on Monday, July 17th. 888 reaffirmed a “maintains” rating on shares of JPMorgan Chase & Co. in a research note on Monday, June 26th. Finally, StockNews.com began coverage on JPMorgan Chase & Co. in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $164.65.

Insider Transactions at JPMorgan Chase & Co.

In other news, Vice Chairman Peter Scher sold 1,240 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $135.02, for a total transaction of $167,424.80. Following the completion of the transaction, the insider now directly owns 45,056 shares of the company’s stock, valued at approximately $6,083,461.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, Vice Chairman Peter Scher sold 1,240 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $135.02, for a total transaction of $167,424.80. Following the completion of the transaction, the insider now directly owns 45,056 shares of the company’s stock, valued at approximately $6,083,461.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Ashley Bacon sold 16,766 shares of the company’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $135.00, for a total value of $2,263,410.00. Following the transaction, the insider now directly owns 195,356 shares of the company’s stock, valued at $26,373,060. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,861 shares of company stock valued at $19,858,275. 0.79% of the stock is currently owned by corporate insiders.

About JPMorgan Chase & Co.

(Free Report)

JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.