Moody Aldrich Partners LLC Trims Stake in JPMorgan Chase & Co. (NYSE:JPM)

Moody Aldrich Partners LLC trimmed its stake in JPMorgan Chase & Co. (NYSE:JPM) by 10.6% in the 4th quarter, HoldingsChannel reports. The firm owned 2,360 shares of the financial services provider’s stock after selling 281 shares during the period. Moody Aldrich Partners LLC’s holdings in JPMorgan Chase & Co. were worth $566,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of JPM. Rappaport Reiches Capital Management LLC boosted its holdings in JPMorgan Chase & Co. by 3.8% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 1,068 shares of the financial services provider’s stock valued at $256,000 after purchasing an additional 39 shares during the last quarter. Financial Avengers Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 5.2% in 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 during the last quarter. Matrix Trust Co lifted 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 worth $2,440,000 after acquiring an additional 43 shares during the last quarter. One Charles Private Wealth Services LLC lifted its holdings 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 worth $2,568,000 after acquiring an additional 44 shares during the last quarter. Finally, Murphy Middleton Hinkle & Parker Inc. lifted its holdings in shares of JPMorgan Chase & Co. by 1.6% in the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 2,881 shares of the financial services provider’s stock worth $691,000 after acquiring an additional 44 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $267.27 on Tuesday. JPMorgan Chase & Co. has a one year low of $172.62 and a one year high of $270.82. The company has a 50-day moving average of $247.91 and a two-hundred day moving average of $228.49. The stock has a market cap of $752.47 billion, a price-to-earnings ratio of 13.54, a PEG ratio of 2.87 and a beta of 1.12. 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 earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter in the previous year, the company posted $3.04 earnings per share. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts expect that JPMorgan Chase & Co. will post 17.82 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were issued a dividend of $1.25 per share. The ex-dividend date was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.87%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Evercore ISI increased their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Daiwa Capital Markets decreased their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Truist Financial raised their target price on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Bank of America boosted their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Finally, Royal Bank of Canada boosted their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $251.78.

Insider Transactions at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction 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 transaction, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. 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.