Lebenthal Global Advisors LLC Acquires 443 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Lebenthal Global Advisors LLC grew its stake in JPMorgan Chase & Co. (NYSE:JPM) by 7.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,477 shares of the financial services provider’s stock after acquiring an additional 443 shares during the period. Lebenthal Global Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Valicenti Advisory Services Inc. increased its position in JPMorgan Chase & Co. by 2.9% during the third quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider’s stock worth $11,586,000 after acquiring an additional 2,220 shares during the period. Hilltop Holdings Inc. increased its position in JPMorgan Chase & Co. by 4.4% during the second quarter. Hilltop Holdings Inc. now owns 34,079 shares of the financial services provider’s stock worth $4,956,000 after acquiring an additional 1,439 shares during the period. Checchi Capital Advisers LLC increased its position in JPMorgan Chase & Co. by 4.4% during the second quarter. Checchi Capital Advisers LLC now owns 39,447 shares of the financial services provider’s stock worth $5,737,000 after acquiring an additional 1,652 shares during the period. Geneos Wealth Management Inc. increased its position in JPMorgan Chase & Co. by 14.0% during the second quarter. Geneos Wealth Management Inc. now owns 50,991 shares of the financial services provider’s stock worth $7,416,000 after acquiring an additional 6,264 shares during the period. Finally, Joseph Group Capital Management increased its position in JPMorgan Chase & Co. by 7.6% during the second quarter. Joseph Group Capital Management now owns 12,958 shares of the financial services provider’s stock worth $1,885,000 after acquiring an additional 916 shares during the period. 68.94% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on JPM shares. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their target price for the company from $140.00 to $190.00 in a report on Tuesday, January 9th. Oppenheimer raised their target price on shares of JPMorgan Chase & Co. from $232.00 to $238.00 and gave the company an “outperform” rating in a report on Tuesday, January 30th. Morgan Stanley raised their target price on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the company an “overweight” rating in a report on Tuesday, January 30th. Piper Sandler raised their target price on shares of JPMorgan Chase & Co. from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Finally, BMO Capital Markets raised their target price on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the company a “market perform” rating in a report on Tuesday, January 16th. Eight investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.11.

View Our Latest Stock Analysis on JPMorgan Chase & Co.

JPMorgan Chase & Co. Stock Up 0.1 %

NYSE:JPM opened at $174.96 on Friday. The firm’s 50 day simple moving average is $168.65 and its 200 day simple moving average is $155.31. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.91 and a quick ratio of 0.90. JPMorgan Chase & Co. has a one year low of $123.11 and a one year high of $178.30. The company has a market cap of $503.30 billion, a PE ratio of 10.79, a P/E/G ratio of 2.21 and a beta of 1.14.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last posted its earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.69). The business had revenue of $38.57 billion for the quarter, compared to analyst estimates of $39.73 billion. JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.57 earnings per share. On average, research analysts anticipate that JPMorgan Chase & Co. will post 15.87 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Thursday, January 4th were given a $1.05 dividend. The ex-dividend date was Thursday, January 4th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 2.40%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.89%.

Insider Transactions at JPMorgan Chase & Co.

In other news, CEO Marianne Lake sold 32,243 shares of JPMorgan Chase & Co. stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total value of $5,158,880.00. Following the completion of the sale, the chief executive officer now owns 131,962 shares in the company, valued at approximately $21,113,920. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other JPMorgan Chase & Co. news, CEO Marianne Lake sold 32,243 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total transaction of $5,158,880.00. Following the completion of the sale, the chief executive officer now owns 131,962 shares in the company, valued at approximately $21,113,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Peter Scher sold 1,812 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.65, for a total transaction of $301,969.80. Following the sale, the insider now owns 46,766 shares of the company’s stock, valued at approximately $7,793,553.90. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,072 shares of company stock worth $6,297,103. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company 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.

Further Reading

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

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