Bell Bank reduced its position in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 3.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,499 shares of the financial services provider’s stock after selling 385 shares during the quarter. Bell Bank’s holdings in JPMorgan Chase & Co. were worth $1,676,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Retirement Financial Solutions LLC acquired a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $26,000. Creative Capital Management Investments LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter worth $30,000. VitalStone Financial LLC purchased a new position in JPMorgan Chase & Co. in the fourth quarter worth $58,000. Marshall & Sullivan Inc. WA purchased a new position in JPMorgan Chase & Co. in the fourth quarter worth $60,000. Finally, Iron Horse Wealth Management LLC raised its position in JPMorgan Chase & Co. by 9,000.0% in the fourth quarter. Iron Horse Wealth Management LLC now owns 455 shares of the financial services provider’s stock worth $61,000 after acquiring an additional 450 shares in the last quarter. 67.89% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research firms have issued reports on JPM. StockNews.com began coverage on JPMorgan Chase & Co. in a research report on Thursday, March 16th. They issued a “hold” rating for the company. Evercore ISI cut their price target on JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating for the company in a research note on Wednesday, April 5th. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the stock a “market perform” rating in a research note on Monday. Piper Sandler lifted their price target on JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft downgraded JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and cut their price target for the stock from $155.00 to $145.00 in a research note on Friday, January 6th. Six equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus target price of $154.94.
JPMorgan Chase & Co. Trading Down 0.3 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.69. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. The company had revenue of $38.35 billion during the quarter, compared to analysts’ expectations of $35.77 billion. During the same quarter in the prior year, the business posted $2.63 earnings per share. The company’s revenue for the quarter was up 24.8% compared to the same quarter last year. Equities analysts predict that JPMorgan Chase & Co. will post 13.76 earnings per share for the current year.
JPMorgan Chase & Co. Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Investors of record on Thursday, April 6th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.84%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio is currently 29.52%.
JPMorgan Chase & Co. Profile
JPMorgan Chase & Co is a financial holding company, which engages in providing 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.
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