1900 Wealth Management LLC Sells 2,437 Shares of JPMorgan Chase & Co. (NYSE:JPM)

1900 Wealth Management LLC cut its position in JPMorgan Chase & Co. (NYSE:JPM) by 11.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,444 shares of the financial services provider’s stock after selling 2,437 shares during the quarter. 1900 Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $4,421,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. AMF Tjanstepension AB grew its position in shares of JPMorgan Chase & Co. by 17.2% in the third quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock valued at $99,972,000 after purchasing an additional 69,451 shares in the last quarter. Alpha Financial Partners LLC grew its position in shares of JPMorgan Chase & Co. by 11.5% in the third quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider’s stock valued at $702,000 after purchasing an additional 343 shares in the last quarter. Wedge Capital Management L L P NC grew its position in shares of JPMorgan Chase & Co. by 1.4% in the third quarter. Wedge Capital Management L L P NC now owns 4,384 shares of the financial services provider’s stock valued at $924,000 after purchasing an additional 61 shares in the last quarter. Creative Planning grew its position in shares of JPMorgan Chase & Co. by 3.1% in the third quarter. Creative Planning now owns 1,139,115 shares of the financial services provider’s stock valued at $240,194,000 after purchasing an additional 34,746 shares in the last quarter. Finally, BOS Asset Management LLC grew its position in shares of JPMorgan Chase & Co. by 11.0% in the third quarter. BOS Asset Management LLC now owns 11,431 shares of the financial services provider’s stock valued at $2,410,000 after purchasing an additional 1,135 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors.

Insider Activity

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business’s 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 of the company’s stock, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.79% of the stock is currently owned by corporate insiders.

JPMorgan Chase & Co. Trading Up 0.1 %

Shares of JPM stock opened at $276.61 on Friday. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The business has a 50-day moving average price of $252.44 and a two-hundred day moving average price of $232.17. JPMorgan Chase & Co. has a 12-month low of $176.15 and a 12-month high of $279.23. The firm has a market cap of $778.74 billion, a P/E ratio of 14.01, a price-to-earnings-growth ratio of 2.94 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same quarter in the previous year, the company posted $3.04 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 10.9% on a year-over-year basis. Equities analysts anticipate that JPMorgan Chase & Co. will post 18.05 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on JPM shares. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research report on Thursday, January 16th. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, UBS Group boosted their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average 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.