Intrepid Financial Planning Group LLC lessened its stake in JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 0.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,071 shares of the financial services provider’s stock after selling 85 shares during the quarter. JPMorgan Chase & Co. makes up about 1.6% of Intrepid Financial Planning Group LLC’s portfolio, making the stock its 16th biggest holding. Intrepid Financial Planning Group LLC’s holdings in JPMorgan Chase & Co. were worth $2,960,000 as of its most recent filing with the SEC.
Other large investors also recently added to or reduced their stakes in the company. Retirement Financial Solutions LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth approximately $26,000. Creative Capital Management Investments LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $30,000. Capital Directions Investment Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $44,000. VitalStone Financial LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $58,000. Finally, Marshall & Sullivan Inc. WA purchased a new position in shares of JPMorgan Chase & Co. in the fourth quarter worth about $60,000. 67.89% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
JPM has been the subject of several research reports. Piper Sandler upped their price objective on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the company an “overweight” rating in a research note on Monday, April 17th. Credit Suisse Group lifted their price objective on JPMorgan Chase & Co. from $155.00 to $160.00 in a research report on Tuesday, April 18th. Keefe, Bruyette & Woods upped their target price on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the company a “market perform” rating in a report on Monday, April 17th. Oppenheimer raised their target price on JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a research note on Monday, April 17th. Finally, StockNews.com initiated coverage on shares of JPMorgan Chase & Co. in a research report on Thursday, March 16th. They set a “hold” rating on the stock. Six analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $154.94.
JPMorgan Chase & Co. Stock Down 1.8 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last issued its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, beating 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 analysts’ expectations of $35.77 billion. During the same period in the previous year, the firm posted $2.63 earnings per share. The company’s revenue was up 24.8% on a year-over-year basis. Research analysts expect 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. Stockholders of record on Thursday, April 6th will be paid a $1.00 dividend. This represents a $4.00 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is 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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