JPMorgan Chase & Co. (NYSE:JPM) Stock Position Lowered by Allegiance Financial Group Advisory Services LLC

Allegiance Financial Group Advisory Services LLC lessened its position in JPMorgan Chase & Co. (NYSE:JPM) by 5.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,459 shares of the financial services provider’s stock after selling 86 shares during the period. Allegiance Financial Group Advisory Services LLC’s holdings in JPMorgan Chase & Co. were worth $350,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Convergence Financial LLC grew its holdings in shares of JPMorgan Chase & Co. by 2.1% in the 4th quarter. Convergence Financial LLC now owns 14,950 shares of the financial services provider’s stock worth $3,584,000 after acquiring an additional 307 shares during the last quarter. Nwam LLC grew its holdings in shares of JPMorgan Chase & Co. by 1.3% in the 4th quarter. Nwam LLC now owns 24,468 shares of the financial services provider’s stock worth $5,865,000 after acquiring an additional 311 shares during the last quarter. GenTrust LLC grew its holdings in shares of JPMorgan Chase & Co. by 7.0% in the 4th quarter. GenTrust LLC now owns 7,133 shares of the financial services provider’s stock worth $1,710,000 after acquiring an additional 464 shares during the last quarter. SRN Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 74.7% in the 4th quarter. SRN Advisors LLC now owns 5,613 shares of the financial services provider’s stock worth $1,345,000 after acquiring an additional 2,400 shares during the last quarter. Finally, Whipplewood Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. in the 4th quarter worth $322,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $242.41 on Friday. JPMorgan Chase & Co. has a one year low of $179.20 and a one year high of $280.25. The business has a fifty day moving average price of $259.41 and a 200-day moving average price of $238.43. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The firm has a market capitalization of $677.81 billion, a P/E ratio of 12.28, a PEG ratio of 2.83 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping 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 firm 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 earnings per share. The company’s revenue was up 10.9% compared to the same quarter last year. As a group, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 2.06%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Barclays lifted their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a report on Thursday, January 16th. Citigroup lifted their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Bank of America lifted their price target on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Finally, Piper Sandler lifted their price target on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $252.89.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction that occurred 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 transaction, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Jennifer Piepszak sold 4,273 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total value of $1,153,069.05. Following the completion of the sale, the chief operating officer now directly owns 54,469 shares in the company, valued at approximately $14,698,459.65. This represents a 7.27 % decrease in their ownership of the stock. 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 in the last 90 days. Company insiders own 0.79% of the company’s stock.

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.