REDW Wealth LLC lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 6,211 shares of the financial services provider’s stock after selling 334 shares during the quarter. JPMorgan Chase & Co. comprises about 0.5% of REDW Wealth LLC’s investment portfolio, making the stock its 23rd biggest position. REDW Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $866,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of JPM. Meridian Financial Partners LLC lifted its holdings in JPMorgan Chase & Co. by 1.6% during the fourth quarter. Meridian Financial Partners LLC now owns 4,753 shares of the financial services provider’s stock worth $651,000 after acquiring an additional 76 shares in the last quarter. Signet Financial Management LLC lifted its position in JPMorgan Chase & Co. by 1.7% during the 4th quarter. Signet Financial Management LLC now owns 4,678 shares of the financial services provider’s stock worth $652,000 after buying an additional 78 shares in the last quarter. Corundum Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 2.3% during the 4th quarter. Corundum Group Inc. now owns 3,590 shares of the financial services provider’s stock worth $500,000 after buying an additional 79 shares during the last quarter. Integrated Investment Consultants LLC boosted its stake in shares of JPMorgan Chase & Co. by 0.4% during the 4th quarter. Integrated Investment Consultants LLC now owns 20,458 shares of the financial services provider’s stock worth $2,852,000 after buying an additional 84 shares during the last quarter. Finally, Eukles Asset Management grew its holdings in shares of JPMorgan Chase & Co. by 36.5% in the 3rd quarter. Eukles Asset Management now owns 318 shares of the financial services provider’s stock valued at $37,000 after acquiring an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 72.11% of the company’s stock.
A number of analysts recently issued reports on the company. Wolfe Research downgraded JPMorgan Chase & Co. from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 6th. Societe Generale downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a research note on Tuesday, October 29th. ValuEngine cut JPMorgan Chase & Co. from a “hold” rating to a “sell” rating in a report on Tuesday, January 7th. Wells Fargo & Co boosted their price target on JPMorgan Chase & Co. from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 15th. Finally, UBS Group cut shares of JPMorgan Chase & Co. from a “buy” rating to a “neutral” rating and lifted their price objective for the stock from $132.00 to $138.00 in a research report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $135.29.
In other JPMorgan Chase & Co. news, CEO Daniel E. Pinto sold 15,212 shares of JPMorgan Chase & Co. stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $135.72, for a total value of $2,064,572.64. Following the transaction, the chief executive officer now owns 458,209 shares in the company, valued at $62,188,125.48. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Douglas B. Petno sold 62,085 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $131.94, for a total transaction of $8,191,494.90. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 128,814 shares of company stock valued at $17,318,144. 0.76% of the stock is currently owned by insiders.
Shares of JPM traded down $0.19 during trading hours on Friday, hitting $137.69. 327,660 shares of the company were exchanged, compared to its average volume of 10,692,067. The company has a quick ratio of 0.93, a current ratio of 0.92 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a fifty-two week low of $98.09 and a fifty-two week high of $141.10. The company has a market cap of $432.02 billion, a price-to-earnings ratio of 12.85, a P/E/G ratio of 2.57 and a beta of 1.19. The firm’s fifty day moving average is $136.79 and its 200 day moving average is $125.05.
JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Tuesday, January 14th. The financial services provider reported $2.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.32 by $0.25. JPMorgan Chase & Co. had a net margin of 25.49% and a return on equity of 15.19%. The firm had revenue of $28.30 billion for the quarter, compared to the consensus estimate of $27.69 billion. During the same period in the prior year, the company posted $1.98 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts anticipate that JPMorgan Chase & Co. will post 10.71 EPS for the current year.
The company 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 $0.90 per share. This represents a $3.60 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date of this dividend was Friday, January 3rd. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 34.35%.
JPMorgan Chase & Co. Profile
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 and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.
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