JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Clear Creek Financial Management LLC

Clear Creek Financial Management LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 10.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,099 shares of the financial services provider’s stock after selling 1,598 shares during the quarter. Clear Creek Financial Management LLC’s holdings in JPMorgan Chase & Co. were worth $3,140,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AMF Tjanstepension AB grew its holdings in JPMorgan Chase & Co. by 17.2% during the 3rd quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock worth $99,972,000 after acquiring an additional 69,451 shares in the last quarter. Alpha Financial Partners LLC lifted its holdings in shares of JPMorgan Chase & Co. by 11.5% in the 3rd quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider’s stock worth $702,000 after purchasing an additional 343 shares during the last quarter. Perpetual Ltd lifted its holdings in shares of JPMorgan Chase & Co. by 3.1% in the 3rd quarter. Perpetual Ltd now owns 11,463 shares of the financial services provider’s stock worth $2,417,000 after purchasing an additional 342 shares during the last quarter. Financial Advisory Partners LLC boosted its position in JPMorgan Chase & Co. by 2.4% during the 3rd quarter. Financial Advisory Partners LLC now owns 21,517 shares of the financial services provider’s stock valued at $4,537,000 after purchasing an additional 506 shares during the period. Finally, SS&H Financial Advisors Inc. grew its stake in JPMorgan Chase & Co. by 0.4% during the 3rd quarter. SS&H Financial Advisors Inc. now owns 106,532 shares of the financial services provider’s stock worth $22,463,000 after buying an additional 421 shares during the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on JPM. Barclays boosted their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Piper Sandler lifted their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a research note on Thursday, November 7th. Finally, Truist Financial raised their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $251.78.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Down 0.4 %

JPM stock opened at $275.84 on Friday. JPMorgan Chase & Co. has a 52-week low of $172.62 and a 52-week high of $278.55. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The stock has a market capitalization of $776.57 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 2.87 and a beta of 1.12. The company has a 50-day moving average of $249.57 and a two-hundred day moving average of $229.92.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $41.90 billion. During the same quarter in the previous year, the firm posted $3.04 earnings per share. JPMorgan Chase & Co.’s revenue was up 10.9% compared to the same quarter last year. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 17.82 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were given a $1.25 dividend. The ex-dividend date was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.81%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 25.33%.

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.