Lebenthal Global Advisors LLC Purchases 104 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Posted by Defense World Staff on Aug 8th, 2023

Lebenthal Global Advisors LLC grew its position in JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 2.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,901 shares of the financial services provider’s stock after acquiring an additional 104 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Adirondack Retirement Specialists Inc. boosted its holdings in shares of JPMorgan Chase & Co. by 510.8% in the 1st quarter. Adirondack Retirement Specialists Inc. now owns 226 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 189 shares during the period. Nordwand Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the 1st quarter worth approximately $30,000. Boulder Wealth Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $43,000. Capital Directions Investment Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $44,000. Finally, VitalStone Financial LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth approximately $58,000. Institutional investors own 70.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on JPM shares. Barclays lifted their target price on JPMorgan Chase & Co. from $179.00 to $182.00 in a report on Sunday, July 16th. Credit Suisse Group boosted their price objective on JPMorgan Chase & Co. from $160.00 to $170.00 in a report on Monday, July 17th. Societe Generale cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating in a report on Monday, July 10th. The Goldman Sachs Group boosted their price objective on JPMorgan Chase & Co. from $160.00 to $172.00 in a report on Friday, April 14th. Finally, Evercore ISI dropped their price objective on JPMorgan Chase & Co. from $155.00 to $151.00 in a report on Friday, May 12th. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus price target of $164.39.

Read Our Latest Analysis on JPMorgan Chase & Co.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 1,240 shares of the business’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 sale, the insider now owns 45,056 shares in the company, valued at approximately $6,083,461.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Daniel E. Pinto sold 113,640 shares of JPMorgan Chase & Co. 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 $77,026,773.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Peter Scher sold 1,240 shares of JPMorgan Chase & Co. stock in a transaction on Monday, May 15th. The shares were sold at an average price of $135.02, for a total value of $167,424.80. Following the completion of the sale, the insider now directly owns 45,056 shares of the company’s stock, valued at $6,083,461.12. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 145,861 shares of company stock worth $19,858,275. 0.79% of the stock is currently owned by insiders.

JPMorgan Chase & Co. Stock Up 0.5 %

JPMorgan Chase & Co. stock opened at $156.76 on Tuesday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.90 and a current ratio of 0.90. The business’s 50-day simple moving average is $146.36 and its two-hundred day simple moving average is $139.84. The company has a market cap of $458.10 billion, a PE ratio of 10.09, a PEG ratio of 2.05 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 $159.38.

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, beating the consensus estimate of $3.62 by $0.75. The business had revenue of $42.40 billion for the quarter, compared to the consensus estimate of $38.66 billion. JPMorgan Chase & Co. had a return on equity of 17.29% and a net margin of 23.45%. The company’s quarterly revenue was up 34.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.76 EPS. Equities analysts anticipate that JPMorgan Chase & Co. will post 15.23 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Shareholders of record on Thursday, July 6th were paid a dividend of $1.00 per share. The ex-dividend date was Wednesday, July 5th. This represents a $4.00 annualized dividend and a yield of 2.55%. JPMorgan Chase & Co.’s payout ratio is presently 25.74%.

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.