Northeast Investment Management Has $48.39 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Northeast Investment Management cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 201,855 shares of the financial services provider’s stock after selling 1,801 shares during the quarter. JPMorgan Chase & Co. makes up 2.1% of Northeast Investment Management’s holdings, making the stock its 11th biggest holding. Northeast Investment Management’s holdings in JPMorgan Chase & Co. were worth $48,387,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. AMF Tjanstepension AB lifted its stake 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 worth $99,972,000 after acquiring an additional 69,451 shares during the period. Alpha Financial Partners LLC lifted its stake 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 worth $702,000 after acquiring an additional 343 shares during the period. IFG Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 3.4% in the third quarter. IFG Advisors LLC now owns 8,074 shares of the financial services provider’s stock worth $1,702,000 after acquiring an additional 266 shares during the period. Blue Trust Inc. increased its holdings in JPMorgan Chase & Co. by 53.7% in the third quarter. Blue Trust Inc. now owns 51,818 shares of the financial services provider’s stock worth $10,481,000 after purchasing an additional 18,108 shares in the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. increased its holdings in JPMorgan Chase & Co. by 5.4% in the third quarter. Dixon Mitchell Investment Counsel Inc. now owns 144,932 shares of the financial services provider’s stock worth $30,560,000 after purchasing an additional 7,472 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $276.61 on Tuesday. The firm has a market capitalization of $778.74 billion, a P/E ratio of 14.01, a P/E/G ratio of 2.94 and a beta of 1.12. 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 stock’s 50-day simple moving average is $253.02 and its two-hundred day simple moving average is $232.89. JPMorgan Chase & Co. has a twelve month low of $176.15 and a twelve month high of $279.23.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period in the prior year, the company earned $3.04 EPS. As a group, equities 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 announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were paid 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 is currently 25.33%.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of research analyst reports. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Truist Financial upped their price target on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Keefe, Bruyette & Woods boosted their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Wells Fargo & Company boosted their price objective 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, Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $251.78.

Insider Activity

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 transaction of $838,763.82. Following the transaction, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. 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.