Lbmc Investment Advisors LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,726 shares of the financial services provider’s stock after selling 375 shares during the quarter. Lbmc Investment Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,612,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in JPM. Financial Avengers Inc. boosted its holdings in JPMorgan Chase & Co. by 5.2% during the 3rd quarter. Financial Avengers Inc. now owns 868 shares of the financial services provider’s stock valued at $183,000 after acquiring an additional 43 shares during the period. Matrix Trust Co increased its stake in JPMorgan Chase & Co. by 0.4% in the 4th quarter. Matrix Trust Co now owns 10,179 shares of the financial services provider’s stock worth $2,440,000 after buying an additional 43 shares during the period. One Charles Private Wealth Services LLC lifted its holdings in JPMorgan Chase & Co. by 0.4% during the 3rd quarter. One Charles Private Wealth Services LLC now owns 12,179 shares of the financial services provider’s stock valued at $2,568,000 after buying an additional 44 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. boosted its position in JPMorgan Chase & Co. by 1.3% in the 3rd quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,436 shares of the financial services provider’s stock valued at $725,000 after buying an additional 45 shares during the period. Finally, Sunburst Financial Group LLC grew its stake in JPMorgan Chase & Co. by 0.8% in the 3rd quarter. Sunburst Financial Group LLC now owns 5,696 shares of the financial services provider’s stock worth $1,201,000 after acquiring an additional 45 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.
JPMorgan Chase & Co. Stock Up 1.5 %
JPMorgan Chase & Co. stock opened at $263.09 on Wednesday. The business’s 50-day simple moving average is $243.90 and its two-hundred day simple moving average is $224.88. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a market cap of $740.68 billion, a PE ratio of 13.33, a PEG ratio of 2.81 and a beta of 1.11. JPMorgan Chase & Co. has a fifty-two week low of $168.44 and a fifty-two week high of $264.25.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.04 EPS. Equities analysts anticipate that JPMorgan Chase & Co. will post 17.65 EPS for the current year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.90%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 25.33%.
Insiders Place Their Bets
In related news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares of the company’s stock, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.79% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on JPM. Citigroup lifted their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Keefe, Bruyette & Woods raised their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Barclays increased their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Finally, Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Hold” and an average price target of $251.78.
Read Our Latest Analysis on JPMorgan Chase & Co.
About JPMorgan Chase & Co.
(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; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.
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