1 week Ago By ABMN Staff
Access Financial Services Inc. cut its stake in JPMorgan Chase & Co. ( NYSE:JPM ) by 1.
4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,354 shares of the financial services provider’s stock after selling 105 shares during the period. JPMorgan Chase & Co.
accounts for approximately 0.8% of Access Financial Services Inc.’s portfolio, making the stock its 27th largest position.
Access Financial Services Inc.’s holdings in JPMorgan Chase & Co. were worth $1,763,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Financial Avengers Inc. raised its holdings in JPMorgan Chase & Co.
by 5.2% in the third quarter. Financial Avengers Inc.
now owns 868 shares of the financial services provider’s stock worth $183,000 after purchasing an additional 43 shares in the last quarter. Matrix Trust Co raised its stake in JPMorgan Chase & Co. by 0.
4% during the fourth quarter. Matrix Trust Co now owns 10,179 shares of the financial services provider’s stock valued at $2,440,000 after buying an additional 43 shares during the last quarter. One Charles Private Wealth Services LLC boosted its holdings in JPMorgan Chase & Co.
by 0.4% in the third quarter. One Charles Private Wealth Services LLC now owns 12,179 shares of the financial services provider’s stock worth $2,568,000 after acquiring an additional 44 shares in the last quarter.
Murphy Middleton Hinkle & Parker Inc. grew its stake in shares of JPMorgan Chase & Co. by 1.
6% in the fourth quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,881 shares of the financial services provider’s stock worth $691,000 after acquiring an additional 44 shares during the last quarter.
Finally, Henrickson Nauta Wealth Advisors Inc. increased its holdings in shares of JPMorgan Chase & Co. by 1.
3% during the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,436 shares of the financial services provider’s stock valued at $725,000 after acquiring an additional 45 shares in the last quarter.
Hedge funds and other institutional investors own 71.55% of the company’s stock. Insiders Place Their Bets In other news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction on Thursday, January 16th.
The shares were sold at an average price of $253.94, for a total value of $838,763.82.
Following the completion of the sale, the general counsel now directly owns 47,620 shares of the company’s stock, valued at $12,092,622.80. This represents a 6.
49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink . 0.
79% of the stock is owned by company insiders. JPMorgan Chase & Co. Trading Down 0.
0 % JPMorgan Chase & Co. ( NYSE:JPM – Get Free Report ) last released its earnings results on Wednesday, January 15th. The financial services provider reported $4.
81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78.
The company had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion.
JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.
96%. JPMorgan Chase & Co.’s quarterly revenue was up 10.
9% compared to the same quarter last year. During the same period in the previous year, the business earned $3.04 earnings per share.
As a group, equities analysts anticipate that JPMorgan Chase & Co. will post 17.65 earnings per share for the current year.
JPMorgan Chase & Co. Dividend Announcement The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a $1.
25 dividend. This represents a $5.00 annualized dividend and a yield of 1.
90%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.
’s dividend payout ratio is 25.33%. Analysts Set New Price Targets A number of equities analysts recently issued reports on the stock.
Evercore ISI upped their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.
00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Truist Financial increased their price target on shares of JPMorgan Chase & Co. from $260.
00 to $268.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Baird R W lowered shares of JPMorgan Chase & Co.
from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Robert W. Baird downgraded JPMorgan Chase & Co.
from a “neutral” rating to an “underperform” rating and set a $200.00 target price on the stock. in a research note on Thursday, November 7th.
Finally, Bank of America lifted their target price on JPMorgan Chase & Co. from $260.00 to $280.
00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, JPMorgan Chase & Co.
presently has a consensus rating of “Hold” and a consensus price target of $251.78. Get Our Latest Report on JPM About JPMorgan Chase & Co.
( Free Report ) JPMorgan Chase & Co operates as a financial services company worldwide. It operates through four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit, investment and lending products, cash management, and payments and services; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services to consumers and small businesses through bank branches, ATMs, and digital and telephone banking.
See Also Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. ( NYSE:JPM – Free Report ).
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