Access Financial Services Inc. Sells 105 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Access Financial Services Inc. trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 1.4% in the 4th quarter, according to its most recent filing 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 quarter. JPMorgan Chase & Co. makes up approximately 0.8% of Access Financial Services Inc.’s holdings, making the stock its 27th biggest position. Access Financial Services Inc.’s holdings in JPMorgan Chase & Co. were worth $1,763,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Financial Avengers Inc. grew its stake in JPMorgan Chase & Co. by 5.2% during the third quarter. Financial Avengers Inc. now owns 868 shares of the financial services provider’s stock valued at $183,000 after acquiring an additional 43 shares in the last quarter. Matrix Trust Co boosted its holdings in shares of JPMorgan Chase & Co. by 0.4% during the 4th quarter. Matrix Trust Co now owns 10,179 shares of the financial services provider’s stock valued at $2,440,000 after purchasing an additional 43 shares during the last quarter. One Charles Private Wealth Services LLC grew its position in shares of JPMorgan Chase & Co. by 0.4% during the third quarter. One Charles Private Wealth Services LLC now owns 12,179 shares of the financial services provider’s stock valued at $2,568,000 after purchasing an additional 44 shares in the last quarter. Murphy Middleton Hinkle & Parker Inc. increased its holdings 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 purchasing an additional 44 shares during the last quarter. Finally, Henrickson Nauta Wealth Advisors Inc. lifted its position in shares of JPMorgan Chase & Co. by 1.3% in the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,436 shares of the financial services provider’s stock worth $725,000 after buying an additional 45 shares in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Down 0.0 %

NYSE:JPM opened at $263.02 on Thursday. The company has a market cap of $740.48 billion, a price-to-earnings ratio of 13.32, a price-to-earnings-growth ratio of 2.81 and a beta of 1.11. JPMorgan Chase & Co. has a twelve month low of $168.44 and a twelve month high of $264.25. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The stock has a fifty day simple moving average of $244.37 and a 200-day simple moving average of $225.29.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the company earned $3.04 EPS. Analysts anticipate that JPMorgan Chase & Co. will post 17.65 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a dividend of $1.25 per share. The ex-dividend date is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.90%. JPMorgan Chase & Co.’s payout ratio is currently 25.33%.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction 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 owns 47,620 shares in the company, valued at approximately $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 accessible through this link. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms have weighed in on JPM. Truist Financial raised their price target on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a report on Thursday, January 16th. Daiwa Capital Markets reduced their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research report on Friday, January 3rd. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Finally, Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $220.00 to $224.00 in a report on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus target price of $251.78.

About JPMorgan Chase & Co.

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.