JPMorgan Chase & Co. (NYSE:JPM) is Wetzel Investment Advisors Inc.’s 4th Largest Position

Wetzel Investment Advisors Inc. lessened its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,840 shares of the financial services provider’s stock after selling 171 shares during the period. JPMorgan Chase & Co. makes up about 5.3% of Wetzel Investment Advisors Inc.’s holdings, making the stock its 4th biggest holding. Wetzel Investment Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $10,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. AMF Tjanstepension AB boosted its position in JPMorgan Chase & Co. by 17.2% during the 3rd quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock valued at $99,972,000 after buying an additional 69,451 shares during the period. Czech National Bank boosted its holdings in shares of JPMorgan Chase & Co. by 5.9% during the third quarter. Czech National Bank now owns 579,485 shares of the financial services provider’s stock worth $122,190,000 after purchasing an additional 32,261 shares during the period. GAMMA Investing LLC boosted its holdings in shares of JPMorgan Chase & Co. by 13.9% during the third quarter. GAMMA Investing LLC now owns 81,725 shares of the financial services provider’s stock worth $17,233,000 after purchasing an additional 9,990 shares during the period. WealthBridge Capital Management LLC lifted 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 worth $2,321,000 after buying an additional 632 shares during the period. Finally, Alpha Financial Partners LLC lifted 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 worth $702,000 after buying an additional 343 shares during the period. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now directly owns 47,620 shares of the company’s stock, valued at $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Stock Down 0.4 %

Shares of NYSE:JPM opened at $267.14 on Monday. JPMorgan Chase & Co. has a 1-year low of $171.43 and a 1-year high of $270.82. The stock has a market cap of $752.09 billion, a P/E ratio of 13.53, a P/E/G ratio of 2.87 and a beta of 1.11. The firm has a fifty day moving average price of $247.91 and a 200 day moving average price of $228.41. 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 posted its quarterly earnings results 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. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same period last year, the firm earned $3.04 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. Sell-side analysts predict that JPMorgan Chase & Co. will post 17.82 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders 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 dividend yield of 1.87%. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on JPM. Daiwa Capital Markets dropped their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research report on Thursday, October 10th. Oppenheimer lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. 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 report on Friday, January 3rd. Citigroup raised their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Finally, Evercore ISI raised their price objective on 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 equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.