JPMorgan Chase & Co. (NYSE:JPM) Stock Holdings Decreased by McCarthy & Cox

McCarthy & Cox lowered its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.2% during the fourth quarter, Holdings Channel reports. The fund owned 3,734 shares of the financial services provider’s stock after selling 289 shares during the quarter. McCarthy & Cox’s holdings in JPMorgan Chase & Co. were worth $895,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Financial Avengers Inc. boosted its position in shares of JPMorgan Chase & Co. by 5.2% during the 3rd quarter. Financial Avengers Inc. now owns 868 shares of the financial services provider’s stock worth $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% in 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 in the last quarter. One Charles Private Wealth Services LLC increased its stake in shares of JPMorgan Chase & Co. by 0.4% in the 3rd 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 during the last quarter. Murphy Middleton Hinkle & Parker Inc. raised its holdings in shares of JPMorgan Chase & Co. by 1.6% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,881 shares of the financial services provider’s stock worth $691,000 after buying an additional 44 shares in the last quarter. Finally, Henrickson Nauta Wealth Advisors Inc. lifted its position in shares of JPMorgan Chase & Co. by 1.3% during the 3rd 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 during the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

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 that occurred on Thursday, January 16th. The stock was 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 owns 47,620 shares of the company’s stock, 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 legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.1 %

Shares of JPMorgan Chase & Co. stock opened at $265.61 on Friday. The stock’s 50-day moving average is $244.81 and its 200 day moving average is $225.56. JPMorgan Chase & Co. has a one year low of $168.86 and a one year high of $266.86. The firm has a market cap of $747.79 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 2.83 and a beta of 1.11. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results 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 firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.04 earnings per share. Equities research analysts anticipate that JPMorgan Chase & Co. will post 17.82 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 25.33%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on JPM shares. Keefe, Bruyette & Woods increased their target price on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a report on Thursday, January 16th. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Evercore ISI boosted their target price 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. Piper Sandler increased their price target on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average 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.