Tranquilli Financial Advisor LLC Decreases Position in JPMorgan Chase & Co. (NYSE:JPM)

Tranquilli Financial Advisor LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,425 shares of the financial services provider’s stock after selling 98 shares during the quarter. Tranquilli Financial Advisor LLC’s holdings in JPMorgan Chase & Co. were worth $1,300,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in JPM. James J. Burns & Company LLC lifted its stake in JPMorgan Chase & Co. by 90.8% in the fourth quarter. James J. Burns & Company LLC now owns 14,037 shares of the financial services provider’s stock valued at $3,364,000 after buying an additional 6,680 shares during the last quarter. Mather Group LLC. lifted its stake in JPMorgan Chase & Co. by 1.4% in the fourth quarter. Mather Group LLC. now owns 18,213 shares of the financial services provider’s stock valued at $4,366,000 after buying an additional 256 shares during the last quarter. Brown Lisle Cummings Inc. lifted its stake in JPMorgan Chase & Co. by 3.1% in the fourth quarter. Brown Lisle Cummings Inc. now owns 21,043 shares of the financial services provider’s stock valued at $5,044,000 after buying an additional 629 shares during the last quarter. Pennsylvania Capital Management Inc. ADV lifted its stake in JPMorgan Chase & Co. by 24.6% in the fourth quarter. Pennsylvania Capital Management Inc. ADV now owns 1,938 shares of the financial services provider’s stock valued at $465,000 after buying an additional 383 shares during the last quarter. Finally, Commonwealth Financial Services LLC lifted its stake in JPMorgan Chase & Co. by 5.3% in the fourth quarter. Commonwealth Financial Services LLC now owns 16,052 shares of the financial services provider’s stock valued at $3,848,000 after buying an additional 809 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 other news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.5 %

JPMorgan Chase & Co. stock opened at $275.15 on Wednesday. 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 firm has a market capitalization of $774.63 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 2.94 and a beta of 1.12. JPMorgan Chase & Co. has a fifty-two week low of $172.62 and a fifty-two week high of $278.55. The stock’s fifty day moving average is $250.58 and its two-hundred day moving average is $231.11.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same period in the prior year, the business earned $3.04 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. Analysts predict that JPMorgan Chase & Co. will post 18.05 EPS 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. Stockholders of record on Monday, January 6th were issued a $1.25 dividend. The ex-dividend date was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.82%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.33%.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of recent research reports. UBS Group boosted their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Piper Sandler boosted their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods boosted their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a report on Thursday, January 16th. Finally, Barclays boosted their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $251.78.

About JPMorgan Chase & Co.

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.