JPMorgan Chase & Co. (NYSE:JPM) Stock Position Trimmed by Mattern Wealth Management LLC

Mattern Wealth Management LLC cut its position in JPMorgan Chase & Co. (NYSE:JPM) by 6.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,502 shares of the financial services provider’s stock after selling 1,953 shares during the quarter. JPMorgan Chase & Co. comprises 1.4% of Mattern Wealth Management LLC’s holdings, making the stock its 16th biggest position. Mattern Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $6,353,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. AMF Tjanstepension AB lifted its stake in 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 valued at $99,972,000 after acquiring an additional 69,451 shares during the last quarter. Czech National Bank increased its holdings in JPMorgan Chase & Co. by 5.9% in the 3rd quarter. Czech National Bank now owns 579,485 shares of the financial services provider’s stock valued at $122,190,000 after buying an additional 32,261 shares during the period. GAMMA Investing LLC increased its holdings in JPMorgan Chase & Co. by 13.9% in the 3rd quarter. GAMMA Investing LLC now owns 81,725 shares of the financial services provider’s stock valued at $17,233,000 after buying an additional 9,990 shares during the period. WealthBridge Capital Management LLC increased its holdings in JPMorgan Chase & Co. by 6.1% in the 3rd quarter. WealthBridge Capital Management LLC now owns 11,007 shares of the financial services provider’s stock valued at $2,321,000 after buying an additional 632 shares during the period. Finally, Alpha Financial Partners LLC increased its holdings in JPMorgan Chase & Co. by 11.5% in the 3rd quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider’s stock valued at $702,000 after buying an additional 343 shares during the period. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Trading Down 0.4 %

NYSE:JPM opened at $267.14 on Monday. The company has a market cap of $752.09 billion, a P/E ratio of 13.53, a price-to-earnings-growth ratio of 2.87 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. JPMorgan Chase & Co. has a twelve month low of $171.43 and a twelve month high of $270.82. The business has a 50 day moving average price of $247.91 and a two-hundred day moving average price of $228.41.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 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 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%. The firm’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.04 EPS. As a group, analysts expect that JPMorgan Chase & Co. will post 17.82 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

Insider Buying and Selling

In other news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. 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 sale, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.79% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on JPM shares. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Keefe, Bruyette & Woods upped their price target 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. Barclays upped their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Finally, UBS Group upped their target price on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.