JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Tranquilli Financial Advisor LLC

Tranquilli Financial Advisor LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,425 shares of the financial services provider’s stock after selling 98 shares during the quarter. Tranquilli Financial Advisor LLC’s holdings in JPMorgan Chase & Co. were worth $1,300,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rappaport Reiches Capital Management LLC raised its stake in JPMorgan Chase & Co. by 3.8% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 1,068 shares of the financial services provider’s stock worth $256,000 after buying an additional 39 shares during the period. Yoder Wealth Management Inc. increased its position in shares of JPMorgan Chase & Co. by 2.8% in the fourth quarter. Yoder Wealth Management Inc. now owns 1,436 shares of the financial services provider’s stock valued at $344,000 after acquiring an additional 39 shares during the last quarter. Powers Advisory Group LLC increased its position in shares of JPMorgan Chase & Co. by 0.7% in the fourth quarter. Powers Advisory Group LLC now owns 6,131 shares of the financial services provider’s stock valued at $1,470,000 after acquiring an additional 42 shares during the last quarter. Financial Avengers Inc. grew its holdings in JPMorgan Chase & Co. by 5.2% during the third quarter. Financial Avengers Inc. now owns 868 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 43 shares during the period. Finally, Matrix Trust Co grew its holdings in JPMorgan Chase & Co. by 0.4% during the fourth quarter. Matrix Trust Co now owns 10,179 shares of the financial services provider’s stock worth $2,440,000 after purchasing an additional 43 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on JPM shares. Barclays boosted their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a report on Thursday, January 16th. Citigroup boosted their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Piper Sandler boosted their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Finally, Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a report on Thursday, November 7th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $251.78.

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JPMorgan Chase & Co. Stock Up 1.5 %

Shares of JPM opened at $275.15 on Wednesday. JPMorgan Chase & Co. has a one year low of $172.62 and a one year high of $278.55. The company has a market cap of $774.63 billion, a P/E ratio of 13.94, a P/E/G ratio of 2.94 and a beta of 1.12. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The firm has a 50 day simple moving average of $250.58 and a two-hundred day simple moving average of $231.11.

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, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. During the same period in the previous year, the business earned $3.04 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. Research analysts forecast that JPMorgan Chase & Co. will post 18.05 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were issued a dividend of $1.25 per share. The ex-dividend date was Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.82%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

Insider Transactions at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the company’s 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 transaction, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.79% of the company’s stock.

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.