Massachusetts Wealth Management Decreases Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Massachusetts Wealth Management decreased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 21,494 shares of the financial services provider’s stock after selling 200 shares during the quarter. JPMorgan Chase & Co. makes up 3.2% of Massachusetts Wealth Management’s portfolio, making the stock its 3rd biggest holding. Massachusetts Wealth Management’s holdings in JPMorgan Chase & Co. were worth $5,152,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Lion Street Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 7.1% during the 4th quarter. Lion Street Advisors LLC now owns 6,725 shares of the financial services provider’s stock valued at $1,612,000 after buying an additional 444 shares in the last quarter. Country Club Bank lifted its holdings in shares of JPMorgan Chase & Co. by 0.8% in the fourth quarter. Country Club Bank now owns 67,035 shares of the financial services provider’s stock worth $16,043,000 after buying an additional 505 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in JPMorgan Chase & Co. by 0.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 697,226 shares of the financial services provider’s stock valued at $164,157,000 after acquiring an additional 4,417 shares in the last quarter. Jericho Financial LLP purchased a new stake in JPMorgan Chase & Co. in the 4th quarter worth $6,443,000. Finally, Berkshire Money Management Inc. bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth about $471,000. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.2 %

NYSE JPM opened at $275.41 on Thursday. The company’s 50-day simple moving average is $251.18 and its two-hundred day simple moving average is $231.55. JPMorgan Chase & Co. has a one year low of $172.62 and a one year high of $278.55. The company has a market capitalization of $775.37 billion, a price-to-earnings ratio of 13.95, a price-to-earnings-growth ratio of 2.94 and a beta of 1.12. 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. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the firm earned $3.04 EPS. Equities analysts forecast that JPMorgan Chase & Co. will post 18.05 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders 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 annualized dividend and a dividend yield of 1.82%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.33%.

Insider Buying and Selling

In other news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were 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 $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.79% of the stock is owned by company insiders.

Analyst Ratings Changes

JPM has been the topic of several recent research reports. Bank of America upped their price objective on 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 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. Barclays increased their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Citigroup increased their target price on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Finally, Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus price target of $251.78.

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.