FSA Advisors Inc. cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 51.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,223 shares of the financial services provider’s stock after selling 1,305 shares during the period. FSA Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $293,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in JPM. AMF Tjanstepension AB raised its position in shares of JPMorgan Chase & Co. by 17.2% during the 3rd quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock worth $99,972,000 after buying an additional 69,451 shares in the last quarter. Alpha Financial Partners LLC increased its stake in shares of JPMorgan Chase & Co. by 11.5% during the third quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider’s stock valued at $702,000 after acquiring an additional 343 shares during the period. Park Place Capital Corp raised its holdings in JPMorgan Chase & Co. by 19.7% during the third quarter. Park Place Capital Corp now owns 10,734 shares of the financial services provider’s stock worth $2,263,000 after purchasing an additional 1,766 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its position in JPMorgan Chase & Co. by 0.8% in the third quarter. Sugarloaf Wealth Management LLC now owns 21,844 shares of the financial services provider’s stock worth $4,606,000 after purchasing an additional 170 shares during the period. Finally, O Keefe Stevens Advisory Inc. boosted its stake in JPMorgan Chase & Co. by 15.0% during the 3rd quarter. O Keefe Stevens Advisory Inc. now owns 7,016 shares of the financial services provider’s stock valued at $1,479,000 after purchasing an additional 914 shares in the last quarter. 71.55% of the stock is owned by institutional investors.
JPMorgan Chase & Co. Stock Performance
Shares of JPMorgan Chase & Co. stock opened at $270.30 on Thursday. JPMorgan Chase & Co. has a 12 month low of $172.62 and a 12 month high of $270.82. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The stock has a market cap of $760.99 billion, a PE ratio of 13.69, a price-to-earnings-growth ratio of 2.87 and a beta of 1.12. The business has a fifty day simple moving average of $248.62 and a 200-day simple moving average of $229.31.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The firm had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same period last year, the company posted $3.04 EPS. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.82 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is presently 25.33%.
Insider Buying and Selling at JPMorgan Chase & Co.
In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares of the company’s stock, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.79% of the company’s stock.
Analyst Upgrades and Downgrades
JPM has been the topic of a number of research reports. Bank of America boosted their price objective on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Tuesday, January 7th. Evercore ISI upped their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Piper Sandler raised their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Daiwa Capital Markets reduced their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $251.78.
Read Our Latest Research Report on JPM
About JPMorgan Chase & Co.
(Free Report)
JPMorgan Chase & Co is a financial holding company, which engages in the provision of financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.
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