Spectrum Wealth Counsel LLC Has $13.65 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Spectrum Wealth Counsel LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 56,927 shares of the financial services provider’s stock after selling 272 shares during the quarter. JPMorgan Chase & Co. accounts for 1.6% of Spectrum Wealth Counsel LLC’s portfolio, making the stock its 14th largest holding. Spectrum Wealth Counsel LLC’s holdings in JPMorgan Chase & Co. were worth $13,646,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Onefund LLC lifted its stake in shares of JPMorgan Chase & Co. by 3.0% in the fourth quarter. Onefund LLC now owns 7,698 shares of the financial services provider’s stock valued at $1,845,000 after buying an additional 223 shares during the period. Nixon Peabody Trust Co. raised its holdings in JPMorgan Chase & Co. by 1.1% in the 4th quarter. Nixon Peabody Trust Co. now owns 85,354 shares of the financial services provider’s stock valued at $20,460,000 after acquiring an additional 956 shares in the last quarter. Nichols & Pratt Advisers LLP MA raised its holdings in JPMorgan Chase & Co. by 0.3% in the 4th quarter. Nichols & Pratt Advisers LLP MA now owns 22,452 shares of the financial services provider’s stock valued at $5,382,000 after acquiring an additional 59 shares in the last quarter. Flaharty Asset Management LLC lifted its position in shares of JPMorgan Chase & Co. by 97.4% in the 4th quarter. Flaharty Asset Management LLC now owns 1,725 shares of the financial services provider’s stock worth $413,000 after acquiring an additional 851 shares during the period. Finally, Anfield Capital Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 16.9% during the 4th quarter. Anfield Capital Management LLC now owns 298 shares of the financial services provider’s stock worth $71,000 after purchasing an additional 43 shares in the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 1.3 %

Shares of JPM opened at $229.26 on Wednesday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The company has a market cap of $641.03 billion, a price-to-earnings ratio of 11.61, a PEG ratio of 2.83 and a beta of 1.10. The stock has a fifty day moving average price of $259.05 and a two-hundred day moving average price of $238.78. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25.

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, beating analysts’ consensus estimates of $4.03 by $0.78. The company had revenue of $42.77 billion during 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 firm’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company posted $3.04 earnings per share. Analysts predict that JPMorgan Chase & Co. will post 18.1 EPS for the current fiscal year.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $269.85, for a total transaction of $1,153,069.05. Following the transaction, the chief operating officer now owns 54,469 shares of the company’s stock, valued at approximately $14,698,459.65. This represents a 7.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Troy L. Rohrbaugh sold 37,500 shares of the 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 completion of the transaction, the chief executive officer now owns 158,381 shares in the company, valued at $42,737,529.04. The trade was a 19.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,326 shares of company stock worth $12,448,445. 0.79% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

JPM has been the subject of a number of recent research reports. Robert W. Baird upgraded JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and upped their target price for the company from $215.00 to $220.00 in a research note on Friday, March 7th. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a report on Friday, January 3rd. Bank of America raised their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Piper Sandler upped their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Finally, 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. Ten analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and an average target price of $252.89.

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.