Cidel Asset Management Inc. reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,270 shares of the financial services provider’s stock after selling 222 shares during the quarter. Cidel Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also recently modified their holdings of JPM. Twin Lakes Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 0.5% during the fourth quarter. Twin Lakes Capital Management LLC now owns 13,786 shares of the financial services provider’s stock valued at $1,849,000 after buying an additional 71 shares during the period. Premier Asset Management LLC increased its stake in shares of JPMorgan Chase & Co. by 1.7% during the third quarter. Premier Asset Management LLC now owns 4,635 shares of the financial services provider’s stock valued at $484,000 after buying an additional 77 shares during the period. Sage Rhino Capital LLC increased its stake in shares of JPMorgan Chase & Co. by 0.8% during the fourth quarter. Sage Rhino Capital LLC now owns 9,478 shares of the financial services provider’s stock valued at $1,271,000 after buying an additional 78 shares during the period. Trellis Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 2.8% during the third quarter. Trellis Advisors LLC now owns 2,897 shares of the financial services provider’s stock valued at $302,000 after buying an additional 79 shares during the period. Finally, Karpas Strategies LLC increased its stake in shares of JPMorgan Chase & Co. by 0.4% during the third quarter. Karpas Strategies LLC now owns 21,537 shares of the financial services provider’s stock valued at $2,251,000 after buying an additional 80 shares during the period. 67.89% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently commented on the company. Barclays cut their price target on JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 12th. Piper Sandler lifted their target price on JPMorgan Chase & Co. from $147.00 to $151.00 and gave the company 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. Odeon Capital Group upgraded JPMorgan Chase & Co. from a “hold” rating to a “buy” rating in a research note on Monday. Finally, Royal Bank of Canada cut their target price on JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a research note on Friday, March 24th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. presently has a consensus rating of “Moderate Buy” and a consensus target price of $155.00.
JPMorgan Chase & Co. Trading Down 1.4 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its earnings results on Friday, April 14th. The financial services provider reported $4.10 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 firm had revenue of $38.35 billion during the quarter, compared to the consensus estimate of $35.77 billion. During the same quarter in the previous year, the company posted $2.63 earnings per share. The company’s revenue was up 24.8% compared to the same quarter last year. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 14 EPS for the current year.
JPMorgan Chase & Co. Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Sunday, April 30th. Investors of record on Thursday, April 6th were issued a dividend of $1.00 per share. This represents a $4.00 dividend on an annualized basis and a dividend yield of 2.98%. The ex-dividend date was Wednesday, April 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.52%.
About JPMorgan Chase & Co.
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.
Read More
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