1 week Ago By ABMN Staff
Roberts Wealth Advisors LLC trimmed its position in JPMorgan Chase & Co. ( NYSE:JPM – Free Report ) by 32.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission.
The firm owned 25,552 shares of the financial services provider’s stock after selling 12,324 shares during the quarter. JPMorgan Chase & Co. makes up 2.
0% of Roberts Wealth Advisors LLC’s portfolio, making the stock its 11th biggest position. Roberts Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $6,448,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in JPM. Mizuho Securities Co. Ltd.
acquired a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co.
during the 3rd quarter worth about $27,000. West Financial Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the 3rd quarter worth about $37,000.
New England Capital Financial Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 38.5% during the 3rd quarter.
New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock worth $38,000 after buying an additional 50 shares during the period. Finally, Carolina Wealth Advisors LLC grew its position in shares of JPMorgan Chase & Co. by 36.
0% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 189 shares of the financial services provider’s stock worth $40,000 after buying an additional 50 shares during the period. 71.
55% of the stock is currently owned by institutional investors and hedge funds. JPMorgan Chase & Co. Trading Down 0.
5 % Shares of JPMorgan Chase & Co. stock opened at $264.66 on Friday.
JPMorgan Chase & Co. has a 12-month low of $170.90 and a 12-month high of $267.
10. The stock has a market cap of $745.09 billion, a P/E ratio of 13.
41, a P/E/G ratio of 2.83 and a beta of 1.11.
The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.
24. The business’s 50 day moving average is $245.67 and its 200-day moving average is $226.
25. JPMorgan Chase & Co. Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st.
Stockholders of record on Monday, January 6th will be paid a dividend of $1.25 per share. This represents a $5.
00 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend is Monday, January 6th.
JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.
Analyst Ratings Changes JPM has been the subject of several analyst reports. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th.
Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Keefe, Bruyette & Woods lifted their price objective on JPMorgan Chase & Co.
from $257.00 to $264.00 and gave the company a “market perform” rating in a report on Thursday, January 16th.
Royal Bank of Canada lifted their price objective on JPMorgan Chase & Co. from $211.00 to $230.
00 and gave the company an “outperform” rating in a report on Monday, October 14th. Finally, Truist Financial lifted their price objective on JPMorgan Chase & Co. from $260.
00 to $268.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock.
According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $251.78.
View Our Latest Report on JPM Insider Buying and Selling In related news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.
82. Following the transaction, the general counsel now directly owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80.
The trade was a 6.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website .
0.79% of the stock is owned by insiders. JPMorgan Chase & Co.
Company Profile ( 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.
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