GFS Advisors LLC Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

GFS Advisors LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 16.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 48,516 shares of the financial services provider’s stock after selling 9,477 shares during the quarter. JPMorgan Chase & Co. comprises about 1.8% of GFS Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. GFS Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $11,630,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in JPM. Caprock Group LLC boosted its stake in shares of JPMorgan Chase & Co. by 3.8% in the 4th quarter. Caprock Group LLC now owns 79,803 shares of the financial services provider’s stock worth $19,130,000 after buying an additional 2,937 shares during the last quarter. Turtle Creek Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 1.4% in the fourth quarter. Turtle Creek Wealth Advisors LLC now owns 41,020 shares of the financial services provider’s stock valued at $9,833,000 after acquiring an additional 566 shares during the period. Southern Capital Advisors LLC boosted its position in JPMorgan Chase & Co. by 2.2% in the fourth quarter. Southern Capital Advisors LLC now owns 2,096 shares of the financial services provider’s stock worth $503,000 after purchasing an additional 45 shares during the last quarter. Alta Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 1.8% during the 4th quarter. Alta Wealth Advisors LLC now owns 8,626 shares of the financial services provider’s stock valued at $2,068,000 after purchasing an additional 151 shares during the period. Finally, Powers Advisory Group LLC increased its position in shares of JPMorgan Chase & Co. by 0.7% during the 4th quarter. Powers Advisory Group LLC now owns 6,131 shares of the financial services provider’s stock valued at $1,470,000 after purchasing an additional 42 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the transaction, the general counsel now directly owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Performance

JPM opened at $275.84 on Friday. 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 stock has a market capitalization of $776.57 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 2.87 and a beta of 1.12. The company has a fifty day moving average of $249.57 and a 200 day moving average of $229.92. JPMorgan Chase & Co. has a fifty-two week low of $172.62 and a fifty-two week high of $278.55.

JPMorgan Chase & Co. (NYSE:JPM) last released 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 quarter in the prior year, the firm earned $3.04 EPS. The business’s revenue was up 10.9% on a year-over-year basis. As a group, sell-side analysts forecast that JPMorgan Chase & Co. will post 17.82 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 25.33%.

Wall Street Analyst Weigh In

JPM has been the topic of a number of research reports. Bank of America raised their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Truist Financial lifted their price target on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Royal Bank of Canada lifted their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Finally, Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus target price of $251.78.

JPMorgan Chase & Co. Company Profile

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.