Private Portfolio Partners LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 16.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,513 shares of the financial services provider’s stock after selling 1,885 shares during the period. Private Portfolio Partners LLC’s holdings in JPMorgan Chase & Co. were worth $1,276,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in JPM. Retirement Financial Solutions LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $26,000. Creative Capital Management Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $30,000. Bellwether Advisors LLC lifted its position in shares of JPMorgan Chase & Co. by 119.1% during the third quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 268 shares in the last quarter. Delos Wealth Advisors LLC raised its position in shares of JPMorgan Chase & Co. by 24.4% in the third quarter. Delos Wealth Advisors LLC now owns 505 shares of the financial services provider’s stock worth $53,000 after buying an additional 99 shares in the last quarter. Finally, VitalStone Financial LLC purchased a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $58,000. Hedge funds and other institutional investors own 67.89% of the company’s stock.
Analyst Upgrades and Downgrades
JPM has been the topic of a number of recent analyst reports. Evercore ISI lowered their price objective on JPMorgan Chase & Co. from $157.00 to $146.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 5th. Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $155.00 to $165.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. StockNews.com began coverage on JPMorgan Chase & Co. in a research note on Thursday, March 16th. They issued a “hold” rating on the stock. Royal Bank of Canada lowered their price objective on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating for the company in a report on Friday, March 24th. Finally, Deutsche Bank Aktiengesellschaft cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and dropped their price target for the stock from $155.00 to $145.00 in a research report on Friday, January 6th. Six research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $154.94.
JPMorgan Chase & Co. Trading Down 0.2 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $38.35 billion during the quarter, compared to analyst estimates of $35.77 billion. During the same quarter in the prior year, the business posted $2.63 EPS. JPMorgan Chase & Co.’s revenue for the quarter was up 24.8% compared to the same quarter last year. On average, analysts predict that JPMorgan Chase & Co. will post 13.76 EPS for the current fiscal year.
JPMorgan Chase & Co. Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 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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