JPMorgan Chase & Co. (NYSE:JPM) Stock Position Raised by Lebenthal Global Advisors LLC

Lebenthal Global Advisors LLC increased its stake in shares of JPMorgan Chase & Co. (NYSE:JPMFree Report) by 7.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,477 shares of the financial services provider’s stock after buying an additional 443 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $939,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Valicenti Advisory Services Inc. lifted its position in shares of JPMorgan Chase & Co. by 2.9% during the 3rd quarter. Valicenti Advisory Services Inc. now owns 79,891 shares of the financial services provider’s stock worth $11,586,000 after buying an additional 2,220 shares during the period. Hilltop Holdings Inc. raised its position in JPMorgan Chase & Co. by 4.4% in the 2nd quarter. Hilltop Holdings Inc. now owns 34,079 shares of the financial services provider’s stock valued at $4,956,000 after purchasing an additional 1,439 shares during the last quarter. Checchi Capital Advisers LLC raised its position in JPMorgan Chase & Co. by 4.4% in the 2nd quarter. Checchi Capital Advisers LLC now owns 39,447 shares of the financial services provider’s stock valued at $5,737,000 after purchasing an additional 1,652 shares during the last quarter. Geneos Wealth Management Inc. raised its position in JPMorgan Chase & Co. by 14.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 50,991 shares of the financial services provider’s stock valued at $7,416,000 after purchasing an additional 6,264 shares during the last quarter. Finally, Joseph Group Capital Management raised its position in JPMorgan Chase & Co. by 7.6% in the 2nd quarter. Joseph Group Capital Management now owns 12,958 shares of the financial services provider’s stock valued at $1,885,000 after purchasing an additional 916 shares during the last quarter. Institutional investors own 68.94% of the company’s stock.

JPMorgan Chase & Co. Stock Up 0.1 %

Shares of JPMorgan Chase & Co. stock opened at $174.96 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.91 and a debt-to-equity ratio of 1.30. JPMorgan Chase & Co. has a 12 month low of $123.11 and a 12 month high of $178.30. The business has a fifty day simple moving average of $168.65 and a 200 day simple moving average of $155.31. The stock has a market cap of $503.30 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 2.21 and a beta of 1.14.

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

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Shareholders of record on Thursday, January 4th were paid a $1.05 dividend. The ex-dividend date of this dividend was Thursday, January 4th. This represents a $4.20 dividend on an annualized basis and a yield of 2.40%. JPMorgan Chase & Co.’s payout ratio is 25.89%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on JPM. Deutsche Bank Aktiengesellschaft upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and lifted their price objective for the company from $140.00 to $190.00 in a research report on Tuesday, January 9th. Odeon Capital Group downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a research report on Thursday, November 2nd. Barclays lifted their price objective on JPMorgan Chase & Co. from $186.00 to $212.00 and gave the company an “overweight” rating in a research report on Tuesday, January 2nd. Oppenheimer lifted their price objective on JPMorgan Chase & Co. from $232.00 to $238.00 and gave the company an “outperform” rating in a research report on Tuesday, January 30th. Finally, The Goldman Sachs Group restated a “buy” rating on shares of JPMorgan Chase & Co. in a research report on Thursday, February 1st. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $179.11.

View Our Latest Stock Report on JPM

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total value of $561,546.64. Following the completion of the transaction, the insider now directly owns 205,461 shares of the company’s stock, valued at $34,256,512.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other JPMorgan Chase & Co. news, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.73, for a total value of $561,546.64. Following the completion of the transaction, the insider now directly owns 205,461 shares of the company’s stock, valued at $34,256,512.53. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Peter Scher sold 1,812 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $166.65, for a total value of $301,969.80. Following the transaction, the insider now directly owns 46,766 shares of the company’s stock, valued at $7,793,553.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,072 shares of company stock valued at $6,297,103. Company insiders own 0.79% of the company’s stock.

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.

See Also

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

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