JPMorgan Chase & Co. (NYSE:JPM) Position Reduced by OLD Second National Bank of Aurora

Posted by Defense World Staff on Jul 31st, 2023

OLD Second National Bank of Aurora trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 8.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 55,674 shares of the financial services provider’s stock after selling 4,864 shares during the period. JPMorgan Chase & Co. comprises 2.1% of OLD Second National Bank of Aurora’s holdings, making the stock its 9th biggest holding. OLD Second National Bank of Aurora’s holdings in JPMorgan Chase & Co. were worth $7,255,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Twin Lakes Capital Management LLC raised its stake in shares of 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 worth $1,849,000 after purchasing an additional 71 shares during the last quarter. Karpas Strategies LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.3% during the fourth quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock worth $2,898,000 after purchasing an additional 71 shares during the last quarter. Oxler Private Wealth LLC lifted its position in JPMorgan Chase & Co. by 0.9% during 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 boosted its holdings 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 last quarter. Finally, Gould Asset Management LLC CA raised its stake in shares of JPMorgan Chase & Co. by 1.2% during the 4th quarter. Gould Asset Management LLC CA now owns 6,580 shares of the financial services provider’s stock valued at $882,000 after buying an additional 75 shares during the last quarter. 70.10% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 113,640 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 566,665 shares of the company’s stock, valued at approximately $77,026,773.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, CEO Douglas B. Petno sold 4,930 shares of the business’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $142.16, for a total value of $700,848.80. Following the transaction, the chief executive officer now directly owns 277,161 shares in the company, valued at approximately $39,401,207.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Daniel E. Pinto sold 113,640 shares of the stock in a transaction dated Thursday, May 11th. The stock was sold at an average price of $135.93, for a total transaction of $15,447,085.20. Following the transaction, the chief executive officer now directly owns 566,665 shares of the company’s stock, valued at approximately $77,026,773.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 145,861 shares of company stock worth $19,858,275. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Trading Up 0.6 %

Shares of JPM opened at $156.91 on Monday. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $158.79. The stock has a market cap of $458.54 billion, a PE ratio of 10.10, a price-to-earnings-growth ratio of 2.06 and a beta of 1.10. The firm’s fifty day moving average is $144.35 and its two-hundred day moving average is $139.28. The company has a quick ratio of 0.85, a current ratio of 0.90 and a debt-to-equity ratio of 1.28.

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

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 31st. Investors of record on Thursday, July 6th will be issued a $1.00 dividend. The ex-dividend date of this dividend 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 presently 25.74%.

Analyst Upgrades and Downgrades

Several research firms recently commented on JPM. Credit Suisse Group raised their target price on JPMorgan Chase & Co. from $160.00 to $170.00 in a report on Monday, July 17th. The Goldman Sachs Group boosted their target price on shares of JPMorgan Chase & Co. from $160.00 to $172.00 in a research note on Friday, April 14th. 888 restated a “maintains” rating on shares of JPMorgan Chase & Co. in a research report on Monday, June 26th. Barclays upped their price objective on shares of JPMorgan Chase & Co. from $179.00 to $182.00 in a research report on Sunday, July 16th. Finally, Oppenheimer raised their target price on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a research report on Monday, April 17th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and a consensus target price of $164.65.

JPMorgan Chase & Co. Profile

(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.