Resolute Wealth Strategies LLC Sells 1,348 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Resolute Wealth Strategies LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 9.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,982 shares of the financial services provider’s stock after selling 1,348 shares during the quarter. JPMorgan Chase & Co. accounts for about 1.6% of Resolute Wealth Strategies LLC’s investment portfolio, making the stock its 19th largest position. Resolute Wealth Strategies LLC’s holdings in JPMorgan Chase & Co. were worth $3,112,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of JPM. Principal Financial Group Inc. lifted its position in shares of JPMorgan Chase & Co. by 3.2% during the 3rd quarter. Principal Financial Group Inc. now owns 5,824,289 shares of the financial services provider’s stock worth $1,228,110,000 after buying an additional 182,648 shares during the period. United Bank lifted its position in shares of JPMorgan Chase & Co. by 2.5% during the 3rd quarter. United Bank now owns 25,354 shares of the financial services provider’s stock worth $5,346,000 after buying an additional 614 shares during the period. Crumly & Associates Inc. lifted its position in shares of JPMorgan Chase & Co. by 2.2% during the 3rd quarter. Crumly & Associates Inc. now owns 5,956 shares of the financial services provider’s stock worth $1,256,000 after buying an additional 131 shares during the period. Pegasus Partners Ltd. lifted its position in shares of JPMorgan Chase & Co. by 0.3% during the 3rd quarter. Pegasus Partners Ltd. now owns 17,388 shares of the financial services provider’s stock worth $3,666,000 after buying an additional 51 shares during the period. Finally, Townsend & Associates Inc lifted its position in shares of JPMorgan Chase & Co. by 1.1% during the 3rd quarter. Townsend & Associates Inc now owns 15,656 shares of the financial services provider’s stock worth $3,498,000 after buying an additional 167 shares during the period. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, COO Jennifer Piepszak sold 4,273 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer now directly owns 54,469 shares of the company’s stock, valued at approximately $14,698,459.65. The trade was a 7.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robin Leopold sold 1,250 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $270.09, for a total value of $337,612.50. Following the completion of the transaction, the insider now directly owns 50,377 shares of the company’s stock, valued at approximately $13,606,323.93. The trade was a 2.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,326 shares of company stock valued at $12,448,445 over the last three months. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Down 1.6 %

NYSE JPM opened at $224.32 on Friday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a 52 week low of $179.20 and a 52 week high of $280.25. The stock has a fifty day moving average of $258.50 and a 200-day moving average of $238.60. The stock has a market capitalization of $627.21 billion, a P/E ratio of 11.36, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the previous year, the firm earned $3.04 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Truist Financial lifted their price objective on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Robert W. Baird upgraded JPMorgan Chase & Co. from an “underperform” rating to a “neutral” rating and lifted their price objective for the company from $215.00 to $220.00 in a research report on Friday, March 7th. Piper Sandler lifted their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Finally, Wells Fargo & Company lifted their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Ten investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $252.89.

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.