Prudent Investors Network Inc. Cuts Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Prudent Investors Network Inc. reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.4% during the 4th quarter, HoldingsChannel reports. The fund owned 1,572 shares of the financial services provider’s stock after selling 39 shares during the period. Prudent Investors Network Inc.’s holdings in JPMorgan Chase & Co. were worth $377,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. AMF Tjanstepension AB lifted its stake in shares of JPMorgan Chase & Co. by 17.2% in the third quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock worth $99,972,000 after buying an additional 69,451 shares in the last quarter. Alpha Financial Partners LLC grew its stake in JPMorgan Chase & Co. by 11.5% during the 3rd quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider’s stock valued at $702,000 after acquiring an additional 343 shares in the last quarter. Exchange Traded Concepts LLC raised its holdings in JPMorgan Chase & Co. by 0.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 42,897 shares of the financial services provider’s stock valued at $9,045,000 after acquiring an additional 376 shares during the last quarter. Crestmont Private Wealth LLC purchased a new position in JPMorgan Chase & Co. in the 3rd quarter worth approximately $201,000. Finally, Factory Mutual Insurance Co. boosted its holdings in shares of JPMorgan Chase & Co. by 3.5% during the 3rd quarter. Factory Mutual Insurance Co. now owns 592,425 shares of the financial services provider’s stock worth $124,919,000 after purchasing an additional 20,000 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction dated 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 transaction, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Stock Down 1.8 %

JPM stock opened at $270.89 on Tuesday. The stock has a market cap of $762.64 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 2.94 and a beta of 1.12. The firm’s 50-day simple moving average is $250.08 and its 200 day simple moving average is $230.67. JPMorgan Chase & Co. has a fifty-two week low of $172.62 and a fifty-two week high of $278.55. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. The business had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.04 earnings per share. As a group, sell-side analysts predict that JPMorgan Chase & Co. will post 18.05 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were given a $1.25 dividend. The ex-dividend date was Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.85%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.33%.

Wall Street Analysts Forecast Growth

JPM has been the subject of a number of recent research reports. UBS Group raised their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research note on Thursday, January 16th. Keefe, Bruyette & Woods raised their price objective on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday, January 16th. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. 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 research note on Thursday, January 16th. Finally, Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $251.78.

JPMorgan Chase & Co. Company Profile

JPMorgan Chase & Co is a financial holding company, which engages in the provision of 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.