E. Ohman J or Asset Management AB Cuts Stake in JPMorgan Chase & Co. (NYSE:JPM)

E. Ohman J or Asset Management AB lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 11.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 360,682 shares of the financial services provider’s stock after selling 45,451 shares during the period. JPMorgan Chase & Co. comprises 2.0% of E. Ohman J or Asset Management AB’s investment portfolio, making the stock its 9th biggest holding. E. Ohman J or Asset Management AB’s holdings in JPMorgan Chase & Co. were worth $86,459,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. James J. Burns & Company LLC raised its holdings in shares of JPMorgan Chase & Co. by 90.8% in the 4th quarter. James J. Burns & Company LLC now owns 14,037 shares of the financial services provider’s stock worth $3,364,000 after acquiring an additional 6,680 shares during the last quarter. Mather Group LLC. raised its holdings in shares of JPMorgan Chase & Co. by 1.4% in the 4th quarter. Mather Group LLC. now owns 18,213 shares of the financial services provider’s stock worth $4,366,000 after acquiring an additional 256 shares during the last quarter. Brown Lisle Cummings Inc. raised its holdings in shares of JPMorgan Chase & Co. by 3.1% in the 4th quarter. Brown Lisle Cummings Inc. now owns 21,043 shares of the financial services provider’s stock worth $5,044,000 after acquiring an additional 629 shares during the last quarter. Pennsylvania Capital Management Inc. ADV raised its holdings in shares of JPMorgan Chase & Co. by 24.6% in the 4th quarter. Pennsylvania Capital Management Inc. ADV now owns 1,938 shares of the financial services provider’s stock worth $465,000 after acquiring an additional 383 shares during the last quarter. Finally, Commonwealth Financial Services LLC raised its holdings in shares of JPMorgan Chase & Co. by 5.3% in the 4th quarter. Commonwealth Financial Services LLC now owns 16,052 shares of the financial services provider’s stock worth $3,848,000 after acquiring an additional 809 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.5 %

JPM opened at $275.15 on Wednesday. The company has a 50 day moving average of $250.58 and a 200 day moving average of $231.11. The company has a market cap of $774.63 billion, a PE ratio of 13.94, a price-to-earnings-growth ratio of 2.94 and a beta of 1.12. JPMorgan Chase & Co. has a 12 month low of $172.62 and a 12 month high of $278.55. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. JPMorgan Chase & Co.’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same period last year, the firm earned $3.04 EPS. On average, sell-side analysts expect that JPMorgan Chase & Co. will post 18.05 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were issued a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.82%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

Insider Buying and Selling

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the transaction, the general counsel now directly owns 47,620 shares of the company’s stock, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.79% of the stock is owned by insiders.

Wall Street Analyst Weigh In

JPM has been the subject of several analyst reports. Wells Fargo & Company increased their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Truist Financial increased their price objective on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a research note on Thursday, November 7th. Finally, Keefe, Bruyette & Woods increased their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $251.78.

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.