Channel Wealth LLC Sells 3,240 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Channel Wealth LLC reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 23.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,587 shares of the financial services provider's stock after selling 3,240 shares during the quarter. Channel Wealth LLC's holdings in JPMorgan Chase & Co. were worth $2,538,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new stake in JPMorgan Chase & Co. during the 3rd quarter worth approximately $1,888,088,000. Fisher Asset Management LLC grew its position in shares of JPMorgan Chase & Co. by 31.7% during the 3rd quarter. Fisher Asset Management LLC now owns 16,784,272 shares of the financial services provider's stock valued at $3,539,132,000 after purchasing an additional 4,043,841 shares in the last quarter. Wulff Hansen & CO. increased its holdings in shares of JPMorgan Chase & Co. by 19,920.7% in the second quarter. Wulff Hansen & CO. now owns 2,801,503 shares of the financial services provider's stock worth $566,632,000 after purchasing an additional 2,787,510 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in shares of JPMorgan Chase & Co. by 137.8% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 4,376,176 shares of the financial services provider's stock worth $922,760,000 after purchasing an additional 2,535,590 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec raised its position in shares of JPMorgan Chase & Co. by 93.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,692,159 shares of the financial services provider's stock worth $567,669,000 after buying an additional 1,301,764 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Trading Up 2.0 %

Shares of NYSE JPM traded up $5.19 during trading hours on Friday, hitting $259.46. The company's stock had a trading volume of 17,629,775 shares, compared to its average volume of 8,107,328. JPMorgan Chase & Co. has a 12 month low of $165.24 and a 12 month high of $260.62. The stock has a market cap of $730.47 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 3.16 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The business has a 50-day simple moving average of $243.50 and a 200-day simple moving average of $224.41.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping analysts' consensus estimates 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 16.71% and a net margin of 19.64%. The business's quarterly revenue was up 10.9% compared to the same quarter last year. During the same period last year, the company earned $3.04 EPS. On average, analysts anticipate that JPMorgan Chase & Co. will post 17.46 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business 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 $1.25 dividend. The ex-dividend date is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.93%. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is presently 27.82%.

Analyst Ratings Changes

JPM has been the topic of a number of research analyst reports. Evercore ISI upped their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a research note on Monday, October 14th. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and lifted their target price for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Baird R W lowered shares of JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Truist Financial upped 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 report on Thursday. Finally, Keefe, Bruyette & Woods raised their price target on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a "market perform" rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $251.78.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the company'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 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 represents a 6.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.79% of the company's stock.

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.