Strategic Wealth Partners Ltd.lowered its holdings in JPMorgan Chase & Co.(NYSE:JPM) by 32.2% in the fourth quarter, HoldingsChannel.com reports.The firm owned 15,481 shares of the financial services provider’s stock after selling 7,354 shares during the quarter.JPMorgan Chase & Co.comprises approximately 1.1% of Strategic Wealth Partners Ltd.’s holdings, making the stock its 19th biggest holding.
Strategic Wealth Partners Ltd.’s holdings in JPMorgan Chase & Co.were worth $2,158,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company.
LFA Lugano Financial Advisors SA acquired a new position in shares of JPMorgan Chase & Co.in the 4th quarter valued at approximately $26,000.Bridger Capital Management LLC acquired a new position in shares of JPMorgan Chase & Co.in the 3rd quarter valued at approximately $33,000.Vista Private Wealth Partners.LLC acquired a new position in shares of JPMorgan Chase & Co.in the 3rd quarter valued at approximately $35,000.Eukles Asset Management raised its position 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 buying an additional 85 shares in the last quarter.Finally, JJJ Advisors Inc.raised its position in shares of JPMorgan Chase & Co.
by 87.5% in the 3rd quarter.JJJ Advisors Inc.now owns 375 shares of the financial services provider’s stock valued at $44,000 after buying an additional 175 shares in the last quarter.72.11% of the stock is owned by hedge funds and other institutional investors.
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alerts: JPM stock traded up $2.30 during trading on Wednesday, reaching $137.59.10,075,357 shares of the company were exchanged, compared to its average volume of 11,333,628.The company has a 50-day moving average of $136.78 and a two-hundred day moving average of $124.14.The company has a market capitalization of $418.31 billion, a price-to-earnings ratio of 12.83, a P/E/G ratio of 1.78 and a beta of 1.19.
JPMorgan Chase & Co.has a twelve month low of $98.09 and a twelve month high of $141.10.
The company has a debt-to-equity ratio of 1.24, a current ratio of 0.92 and a quick ratio of 0.93.
JPMorgan Chase & Co.(NYSE:JPM) last released its quarterly earnings data on Tuesday, January 14th.The financial services provider reported $2.57 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.32 by $0.25.The business had revenue of $28.30 billion during the quarter, compared to analysts’ expectations of $27.69 billion.JPMorgan Chase & Co.
had a net margin of 25.49% and a return on equity of 15.19%.The firm’s quarterly revenue was up 8.4% compared to the same quarter last year.During the same period in the prior year, the company earned $1.98 EPS.On average, analysts forecast that JPMorgan Chase & Co.will post 10.71 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st.Shareholders of record on Monday, January 6th were given a $0.90 dividend.This represents a $3.60 annualized dividend and a yield of 2.62%.
The ex-dividend date of this dividend was Friday, January 3rd.JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 34.35%.
In other JPMorgan Chase & Co.news, EVP Peter Scher sold 21,949 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th.The shares were sold at an average price of $137.11, for a total value of $3,009,427.39.Following the completion of the transaction, the executive vice president now directly owns 26,525 shares in the company, valued at approximately $3,636,842.75.The sale was disclosed in a filing with the SEC, which is available at this hyperlink .Also, CEO Daniel E.
Pinto sold 64,198 shares of the company’s stock in a transaction that occurred on Thursday, November 7th.The shares were sold at an average price of $130.91, for a total transaction of $8,404,160.18.Following the completion of the transaction, the chief executive officer now owns 451,481 shares of the company’s stock, valued at $59,103,377.71.The disclosure for this sale can be found here .Over the last 90 days, insiders sold 193,012 shares of company stock valued at $25,722,304.
Corporate insiders own 0.76% of the company’s stock.
Several equities analysts have recently commented on JPM shares.
Piper Sandler boosted their target price on shares of JPMorgan Chase & Co.
from $141.00 to $149.00 and gave the company a “neutral” rating in a research report on Wednesday, January 15th.Wells Fargo & Co boosted their target price on shares of JPMorgan Chase & Co.from $150.00 to $160.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th.BMO Capital Markets boosted their target price on shares of JPMorgan Chase & Co.to and gave the company a “market perform” rating in a research report on Wednesday, January 15th.Edward Jones restated a “buy” rating on shares of JPMorgan Chase & Co.in a research report on Wednesday, January 15th.
Finally, Morgan Stanley boosted their target price on shares of JPMorgan Chase & Co.
from $146.00 to $151.00 and gave the company an “overweight” rating in a research report on Wednesday, January 15th.Two analysts have rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company.The stock presently has a consensus rating of “Hold” and a consensus price target of $135.29.
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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(NYSE:JPM)..