Center for Financial Planning Inc. Has $4.05 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Center for Financial Planning Inc. cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,875 shares of the financial services provider’s stock after selling 536 shares during the quarter. JPMorgan Chase & Co. comprises approximately 0.5% of Center for Financial Planning Inc.’s holdings, making the stock its 13th largest position. Center for Financial Planning Inc.’s holdings in JPMorgan Chase & Co. were worth $4,045,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. PUREfi Wealth LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth about $1,077,000. Adell Harriman & Carpenter Inc. raised its stake in shares of JPMorgan Chase & Co. by 0.4% in the 4th quarter. Adell Harriman & Carpenter Inc. now owns 117,092 shares of the financial services provider’s stock valued at $28,068,000 after acquiring an additional 445 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its holdings in JPMorgan Chase & Co. by 0.6% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 192,182 shares of the financial services provider’s stock worth $46,068,000 after purchasing an additional 1,229 shares during the last quarter. Valeo Financial Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 0.4% in the 4th quarter. Valeo Financial Advisors LLC now owns 171,858 shares of the financial services provider’s stock worth $41,196,000 after purchasing an additional 609 shares during the last quarter. Finally, AustralianSuper Pty Ltd boosted its position in JPMorgan Chase & Co. by 161.5% during the fourth quarter. AustralianSuper Pty Ltd now owns 47,160 shares of the financial services provider’s stock worth $11,305,000 after purchasing an additional 29,129 shares during the period. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of NYSE JPM opened at $264.14 on Monday. The firm has a market capitalization of $738.56 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 2.83 and a beta of 1.12. JPMorgan Chase & Co. has a one year low of $179.20 and a one year high of $280.25. The business has a fifty day simple moving average of $256.12 and a 200 day simple moving average of $235.45. 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 announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business’s revenue was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.04 EPS. Sell-side analysts expect that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 1.89%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

Insiders Place Their Bets

In other JPMorgan Chase & Co. news, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now directly owns 50,377 shares in the company, valued at $13,606,323.93. This represents a 2.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction 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 transaction, the general counsel now owns 47,620 shares of the company’s stock, valued at $12,092,622.80. This represents a 6.49 % 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 worth $12,448,445 over the last quarter. Company insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on JPM shares. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Truist Financial lifted their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Piper Sandler upped their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. UBS Group raised their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Finally, Barclays increased their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research note on Thursday, January 16th. Two 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’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Hold” and a consensus target price of $251.78.

JPMorgan Chase & Co. 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.