JPMorgan Chase & Co. (NYSE:JPM) Position Reduced by Warren Street Wealth Advisors LLC

Warren Street Wealth Advisors LLC cut its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 5.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,857 shares of the financial services provider’s stock after selling 221 shares during the quarter. Warren Street Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $925,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of JPM. AMF Tjanstepension AB lifted its stake in JPMorgan Chase & Co. by 17.2% during the third quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock valued at $99,972,000 after buying an additional 69,451 shares in the last quarter. Alpha Financial Partners LLC lifted 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 worth $702,000 after purchasing an additional 343 shares in the last quarter. Cetera Trust Company N.A lifted its position in shares of JPMorgan Chase & Co. by 1.6% in the third quarter. Cetera Trust Company N.A now owns 17,851 shares of the financial services provider’s stock worth $3,764,000 after purchasing an additional 280 shares in the last quarter. Mattern Wealth Management LLC lifted its position in shares of JPMorgan Chase & Co. by 2.1% in the third quarter. Mattern Wealth Management LLC now owns 28,455 shares of the financial services provider’s stock worth $6,000,000 after purchasing an additional 587 shares in the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the third quarter worth approximately $10,573,000. 71.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Truist Financial increased their price target on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research report on Thursday, January 16th. Robert W. Baird lowered 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 research report on Thursday, November 7th. Keefe, Bruyette & Woods increased their price target on shares of 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. Bank of America increased their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Finally, Citigroup increased their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Two equities research 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’s stock. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and an average price target of $251.78.

JPMorgan Chase & Co. Trading Down 1.0 %

Shares of JPM stock opened at $264.14 on Friday. JPMorgan Chase & Co. has a 12 month low of $179.20 and a 12 month high of $280.25. 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’s 50 day moving average is $256.12 and its two-hundred day moving average is $234.96. The company has a market cap of $738.56 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 2.96 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 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 company had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter last year, the company posted $3.04 earnings per share. The company’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a dividend of $1.25 per share. The ex-dividend date was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.89%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, CEO Troy L. Rohrbaugh sold 37,500 shares of the firm’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $269.84, for a total value of $10,119,000.00. Following the sale, the chief executive officer now owns 158,381 shares in the company, valued at approximately $42,737,529.04. This trade represents a 19.14 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction 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. The trade was a 6.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 46,326 shares of company stock worth $12,448,445 over the last 90 days. Insiders own 0.79% of the company’s stock.

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.