Byrne Asset Management LLC Sells 375 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Byrne Asset Management LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,731 shares of the financial services provider’s stock after selling 375 shares during the quarter. JPMorgan Chase & Co. makes up about 2.0% of Byrne Asset Management LLC’s holdings, making the stock its 8th biggest position. Byrne Asset Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,812,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Apollon Financial LLC grew its stake in JPMorgan Chase & Co. by 44.6% in the 4th quarter. Apollon Financial LLC now owns 7,093 shares of the financial services provider’s stock valued at $1,700,000 after buying an additional 2,187 shares during the last quarter. Unison Asset Management LLC grew its stake in JPMorgan Chase & Co. by 2.9% in the 4th quarter. Unison Asset Management LLC now owns 43,128 shares of the financial services provider’s stock valued at $10,338,000 after buying an additional 1,216 shares during the last quarter. Westbourne Investment Advisors Inc. grew its stake in JPMorgan Chase & Co. by 1.3% in the 4th quarter. Westbourne Investment Advisors Inc. now owns 8,490 shares of the financial services provider’s stock valued at $2,035,000 after buying an additional 105 shares during the last quarter. Almanack Investment Partners LLC. grew its stake in JPMorgan Chase & Co. by 0.8% in the 4th quarter. Almanack Investment Partners LLC. now owns 5,143 shares of the financial services provider’s stock valued at $1,233,000 after buying an additional 39 shares during the last quarter. Finally, Mezzasalma Advisors LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $306,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on JPM. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Piper Sandler increased their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a report on Thursday, November 7th. Wells Fargo & Company increased their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Bank of America increased their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average price target of $251.78.

Insider Activity at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction that occurred 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 owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.79% of the stock is owned by company insiders.

JPMorgan Chase & Co. Stock Up 0.1 %

JPM stock opened at $276.61 on Monday. The stock has a market capitalization 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. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12 month low of $176.15 and a 12 month high of $279.23. The firm has a 50-day moving average price of $253.02 and a 200-day moving average price of $232.75.

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 analysts’ consensus estimates of $4.03 by $0.78. The business had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business earned $3.04 EPS. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 18.05 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors 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 yield of 1.81%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 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.