Pasadena Private Wealth LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,456 shares of the financial services provider’s stock after selling 164 shares during the period. Pasadena Private Wealth LLC’s holdings in JPMorgan Chase & Co. were worth $463,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of JPM. Retirement Financial Solutions LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth $26,000. Creative Capital Management Investments LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $30,000. Capital Directions Investment Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $44,000. Bellwether Advisors LLC raised its stake in shares of JPMorgan Chase & Co. by 119.1% in the 3rd quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 268 shares in the last quarter. Finally, Delos Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 24.4% in the 3rd quarter. Delos Wealth Advisors LLC now owns 505 shares of the financial services provider’s stock worth $53,000 after purchasing an additional 99 shares during the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.
Analyst Upgrades and Downgrades
JPM has been the topic of a number of recent analyst reports. Royal Bank of Canada dropped their price target on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a research report on Friday, March 24th. Bank of America lifted their target price on shares of JPMorgan Chase & Co. from $152.00 to $158.00 and gave the stock a “buy” rating in a report on Monday, April 17th. Oppenheimer upped their price target on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the company an “outperformer” rating in a report on Monday, April 17th. StockNews.com began coverage on JPMorgan Chase & Co. in a research report on Thursday, March 16th. They set a “hold” rating for the company. Finally, Citigroup raised their target price on JPMorgan Chase & Co. from $150.00 to $165.00 in a report on Tuesday, January 17th. Six analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus 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 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. The business had revenue of $38.35 billion during the quarter, compared to analysts’ expectations of $35.77 billion. JPMorgan Chase & Co. had a return on equity of 16.02% and a net margin of 23.73%. JPMorgan Chase & Co.’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.63 EPS. Equities analysts predict that JPMorgan Chase & Co. will post 13.76 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, April 5th. This represents a $4.00 annualized dividend and a dividend yield of 2.96%. JPMorgan Chase & Co.’s dividend payout ratio is presently 29.52%.
JPMorgan Chase & Co. Company 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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