Investment Partners LTD. lessened its position in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 74.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,813 shares of the financial services provider’s stock after selling 59,373 shares during the period. JPMorgan Chase & Co. comprises 1.5% of Investment Partners LTD.’s portfolio, making the stock its 18th largest holding. Investment Partners LTD.’s holdings in JPMorgan Chase & Co. were worth $2,791,000 at the end of the most recent quarter.
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Other institutional investors have also modified their holdings of the company. Creative Capital Management Investments LLC acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $30,000. HBC Financial Services PLLC raised its position in shares of JPMorgan Chase & Co. by 61.2% in the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after buying an additional 90 shares during the last quarter. Horizons Wealth Management acquired a new position in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $39,000. New Millennium Group LLC acquired a new position in shares of JPMorgan Chase & Co. in the second quarter valued at approximately $39,000. Finally, Bellwether Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 119.1% in the third quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock valued at $51,000 after buying an additional 268 shares during the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the stock. UBS Group set a $156.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, January 13th. Morgan Stanley upped their price target on shares of JPMorgan Chase & Co. from $167.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, February 24th. Royal Bank of Canada dropped their price target on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a research report on Friday. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a research report on Tuesday, January 17th. Finally, Citigroup upped their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research report on Tuesday, January 17th. Six equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $149.28.
JPMorgan Chase & Co. Price Performance
JPM opened at $124.91 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. JPMorgan Chase & Co. has a 52-week low of $101.28 and a 52-week high of $144.34. The company has a 50 day moving average of $137.83 and a two-hundred day moving average of $129.78. The company has a market cap of $367.65 billion, a P/E ratio of 10.34, a P/E/G ratio of 1.97 and a beta of 1.12.
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last announced its earnings results on Friday, January 13th. The financial services provider reported $3.57 earnings per share for the quarter, beating the consensus estimate of $3.11 by $0.46. The business had revenue of $34.55 billion during the quarter, compared to the consensus estimate of $34.23 billion. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.33 earnings per share. On average, analysts expect that JPMorgan Chase & Co. will post 12.88 earnings per share for the current year.
JPMorgan Chase & Co. Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Sunday, April 30th. Stockholders of record on Thursday, April 6th will be paid a $1.00 dividend. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 annualized dividend and a dividend yield of 3.20%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 33.11%.
Insider Activity
In other news, Director Mellody L. Hobson bought 375 shares of the firm’s stock in a transaction dated Thursday, January 19th. The stock was acquired at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the completion of the purchase, the director now owns 22,040 shares of the company’s stock, valued at $2,965,041.20. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Vice Chairman Peter Scher sold 4,399 shares of the company’s stock in a transaction on Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total value of $617,267.68. Following the completion of the transaction, the insider now directly owns 36,369 shares in the company, valued at $5,103,298.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mellody L. Hobson bought 375 shares of the firm’s stock in a transaction dated Thursday, January 19th. The stock was purchased at an average price of $134.53 per share, with a total value of $50,448.75. Following the completion of the purchase, the director now directly owns 22,040 shares of the company’s stock, valued at approximately $2,965,041.20. The disclosure for this purchase can be found here. Over the last three months, insiders sold 37,887 shares of company stock worth $5,315,762. 0.79% of the stock is currently owned by company insiders.
JPMorgan Chase & Co. Company Profile
JPMorgan Chase & Co is a financial holding company, which engages in providing 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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