Bedel Financial Consulting Inc. trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,871 shares of the financial services provider’s stock after selling 876 shares during the period. JPMorgan Chase & Co. makes up 1.1% of Bedel Financial Consulting Inc.’s portfolio, making the stock its 15th biggest position. Bedel Financial Consulting Inc.’s holdings in JPMorgan Chase & Co. were worth $4,274,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the company. Twin Lakes Capital Management LLC boosted its stake in JPMorgan Chase & Co. by 0.5% during the 4th quarter. Twin Lakes Capital Management LLC now owns 13,786 shares of the financial services provider’s stock valued at $1,849,000 after purchasing an additional 71 shares during the period. Karpas Strategies LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.3% in the 4th quarter. Karpas Strategies LLC now owns 21,608 shares of the financial services provider’s stock worth $2,898,000 after acquiring an additional 71 shares during the period. Premier Asset Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 1.7% in the 3rd quarter. Premier Asset Management LLC now owns 4,635 shares of the financial services provider’s stock worth $484,000 after acquiring an additional 77 shares during the period. Sage Rhino Capital LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.8% in the 4th quarter. Sage Rhino Capital LLC now owns 9,478 shares of the financial services provider’s stock worth $1,271,000 after acquiring an additional 78 shares during the period. Finally, Trellis Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 2.8% in the 3rd quarter. Trellis Advisors LLC now owns 2,897 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 79 shares during the period. 67.89% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have recently weighed in on JPM shares. UBS Group set a $156.00 price target on shares of JPMorgan Chase & Co. in a research note on Friday, January 13th. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $150.00 to $165.00 in a research note on Tuesday, January 17th. BMO Capital Markets upped their price target on shares of JPMorgan Chase & Co. from $169.00 to $170.00 in a research note on Tuesday, May 2nd. Barclays reduced their price target on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating for the company in a research note on Wednesday, April 12th. Finally, Bank of America boosted 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. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $155.00.
JPMorgan Chase & Co. Stock Down 0.5 %
JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.69. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The business had revenue of $38.35 billion for the quarter, compared to analyst estimates of $35.77 billion. During the same quarter in the previous year, the business earned $2.63 earnings per share. The firm’s revenue was up 24.8% compared to the same quarter last year. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 14.33 EPS for the current year.
JPMorgan Chase & Co. Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Sunday, April 30th. Shareholders of record on Thursday, April 6th were paid a $1.00 dividend. The ex-dividend date of this dividend was Wednesday, April 5th. This represents a $4.00 annualized dividend and a yield of 2.93%. JPMorgan Chase & Co.’s dividend payout ratio 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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