Smith & Howard Wealth Management LLC reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,919 shares of the financial services provider’s stock after selling 125 shares during the period. Smith & Howard Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $257,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Retirement Financial Solutions LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter worth $26,000. Creative Capital Management Investments LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $30,000. Capital Directions Investment Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $44,000. VitalStone Financial LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $58,000. Finally, Marshall & Sullivan Inc. WA bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth $60,000. 67.89% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages recently issued reports on JPM. Piper Sandler lifted their price target on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the stock an “overweight” rating in a research note on Monday, April 17th. Oppenheimer lifted their price target on shares of JPMorgan Chase & Co. from $157.00 to $192.00 and gave the stock an “outperformer” rating in a research note on Monday, April 17th. Deutsche Bank Aktiengesellschaft lowered shares of JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and lowered their target price for the company from $155.00 to $145.00 in a research note on Friday, January 6th. Bank of America boosted their target price on shares of JPMorgan Chase & Co. from $152.00 to $158.00 and gave the company a “buy” rating in a research note on Monday, April 17th. Finally, BMO Capital Markets boosted their target price on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a research note on Tuesday. Six analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $155.00.
JPMorgan Chase & Co. Stock Up 2.0 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings data on Friday, April 14th. The financial services provider reported $4.10 earnings per share for the quarter, topping the consensus estimate of $3.41 by $0.69. The business had revenue of $38.35 billion during the quarter, compared to the consensus estimate of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The company’s quarterly revenue was up 24.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.63 earnings per share. As a group, equities analysts expect that JPMorgan Chase & Co. will post 14.11 earnings per share for the current year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Sunday, April 30th. Investors of record on Thursday, April 6th were issued a $1.00 dividend. This represents a $4.00 annualized dividend and a yield of 2.93%. The ex-dividend date was Wednesday, April 5th. JPMorgan Chase & Co.’s payout ratio is currently 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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