JPMorgan Chase & Co. (NYSE:JPM) Position Trimmed by Weatherly Asset Management L. P.

Weatherly Asset Management L. P. decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 0.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,567 shares of the financial services provider’s stock after selling 90 shares during the quarter. Weatherly Asset Management L. P.’s holdings in JPMorgan Chase & Co. were worth $3,252,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Atlantic Edge Private Wealth Management LLC boosted its holdings in JPMorgan Chase & Co. by 0.5% in the fourth quarter. Atlantic Edge Private Wealth Management LLC now owns 17,836 shares of the financial services provider’s stock worth $4,276,000 after purchasing an additional 80 shares in the last quarter. Wealthcare Capital Partners LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth $807,000. Sovran Advisors LLC bought a new stake in JPMorgan Chase & Co. in the fourth quarter worth $2,450,000. Peterson Wealth Services boosted its holdings in JPMorgan Chase & Co. by 9.9% in the fourth quarter. Peterson Wealth Services now owns 49,640 shares of the financial services provider’s stock worth $11,899,000 after purchasing an additional 4,469 shares in the last quarter. Finally, McBroom & Associates LLC boosted its holdings in JPMorgan Chase & Co. by 0.5% in the fourth quarter. McBroom & Associates LLC now owns 36,585 shares of the financial services provider’s stock worth $8,770,000 after purchasing an additional 168 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the 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 sale, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Price Performance

JPM opened at $279.30 on Thursday. JPMorgan Chase & Co. has a one year low of $178.40 and a one year high of $280.25. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The company’s 50 day simple moving average is $255.13 and its 200-day simple moving average is $234.26. The stock has a market capitalization of $786.31 billion, a P/E ratio of 14.15, a price-to-earnings-growth ratio of 2.93 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the prior year, the firm earned $3.04 earnings per share. JPMorgan Chase & Co.’s revenue was up 10.9% compared to the same quarter last year. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were paid a $1.25 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.79%. JPMorgan Chase & Co.’s payout ratio is presently 25.33%.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of recent analyst reports. Robert W. Baird cut shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a report on Thursday, November 7th. Truist Financial upped their price target on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Bank of America upped their price target on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, January 7th. Oppenheimer cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Finally, Citigroup upped their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price 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.