Silverlake Wealth Management LLC Has $612,000 Position in JPMorgan Chase & Co. (NYSE:JPM)

Silverlake Wealth Management LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 20.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,554 shares of the financial services provider’s stock after selling 647 shares during the quarter. Silverlake Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $612,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Sargent Investment Group LLC grew its holdings in JPMorgan Chase & Co. by 33.8% in the 4th quarter. Sargent Investment Group LLC now owns 31,310 shares of the financial services provider’s stock valued at $7,646,000 after buying an additional 7,902 shares in the last quarter. Old North State Wealth Management LLC boosted its position in shares of JPMorgan Chase & Co. by 17.1% in the fourth quarter. Old North State Wealth Management LLC now owns 3,137 shares of the financial services provider’s stock valued at $754,000 after acquiring an additional 457 shares during the period. Fusion Family Wealth LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $233,000. Cassia Capital Partners LLC grew its stake in shares of JPMorgan Chase & Co. by 21.0% in the fourth quarter. Cassia Capital Partners LLC now owns 5,388 shares of the financial services provider’s stock valued at $1,292,000 after acquiring an additional 935 shares in the last quarter. Finally, Avitas Wealth Management LLC increased its position in JPMorgan Chase & Co. by 0.6% during the fourth quarter. Avitas Wealth Management LLC now owns 69,127 shares of the financial services provider’s stock worth $16,570,000 after acquiring an additional 385 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on JPM shares. Truist Financial increased their target price 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. Citigroup increased their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. UBS Group lifted their price objective on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Barclays upped their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Keefe, Bruyette & Woods raised their price target on 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. Trading Up 0.2 %

JPM opened at $275.41 on Thursday. The company has a market cap of $775.37 billion, a P/E ratio of 13.95, a PEG ratio of 2.94 and a beta of 1.12. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The company’s 50 day moving average is $251.18 and its 200-day moving average is $231.55. JPMorgan Chase & Co. has a 1-year low of $172.62 and a 1-year high of $278.55.

JPMorgan Chase & Co. (NYSE:JPM) last issued 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 firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company’s quarterly revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business posted $3.04 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post 18.05 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a $1.25 dividend. The ex-dividend date was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.82%. JPMorgan Chase & Co.’s payout ratio is presently 25.33%.

Insider Buying and Selling at JPMorgan Chase & Co.

In related 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 value of $838,763.82. Following the sale, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate 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.