Coerente Capital Management Lowers Stake in JPMorgan Chase & Co. (NYSE:JPM)

Coerente Capital Management lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,026 shares of the financial services provider's stock after selling 1,215 shares during the period. JPMorgan Chase & Co. comprises approximately 2.0% of Coerente Capital Management's investment portfolio, making the stock its 21st biggest holding. Coerente Capital Management's holdings in JPMorgan Chase & Co. were worth $10,553,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of JPM. Rappaport Reiches Capital Management LLC raised its holdings in JPMorgan Chase & Co. by 3.8% during the fourth quarter. Rappaport Reiches Capital Management LLC now owns 1,068 shares of the financial services provider's stock worth $256,000 after purchasing an additional 39 shares in the last quarter. Powers Advisory Group LLC boosted its holdings in shares of JPMorgan Chase & Co. by 0.7% in the 4th quarter. Powers Advisory Group LLC now owns 6,131 shares of the financial services provider's stock valued at $1,470,000 after buying an additional 42 shares in the last quarter. Financial Avengers Inc. grew its position 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 valued at $183,000 after buying an additional 43 shares during the last quarter. Matrix Trust Co raised its stake in JPMorgan Chase & Co. by 0.4% during 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 in the last quarter. Finally, One Charles Private Wealth Services LLC lifted its position in JPMorgan Chase & Co. by 0.4% in the third 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 acquiring an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

JPMorgan Chase & Co. Price Performance

NYSE:JPM traded down $4.91 during trading hours on Monday, hitting $270.89. The company's stock had a trading volume of 8,623,124 shares, compared to its average volume of 9,703,267. JPMorgan Chase & Co. has a 52-week low of $172.62 and a 52-week high of $278.55. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The business's 50-day moving average is $250.08 and its two-hundred day moving average is $230.67. The company has a market capitalization of $762.64 billion, a PE ratio of 13.72, a PEG ratio of 2.94 and a beta of 1.12.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last posted its quarterly earnings results 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. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The business had revenue of $42.77 billion for the quarter, compared to analysts' expectations of $41.90 billion. During the same period in the prior year, the company posted $3.04 EPS. The business's revenue for the quarter was up 10.9% on a year-over-year basis. As a group, research analysts anticipate that JPMorgan Chase & Co. will post 18.05 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given 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 1.85%. JPMorgan Chase & Co.'s payout ratio is 25.33%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on JPM. Truist Financial raised their price objective on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a "hold" rating in a report on Thursday, January 16th. Baird R W lowered JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a research report on Thursday, November 7th. Evercore ISI increased their price objective on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a report on Monday, October 14th. UBS Group raised their target price on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a research report on Thursday, January 16th. Finally, Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a research report on Friday, November 15th. 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 company currently has an average rating of "Hold" and a consensus price target of $251.78.

Insider Activity at JPMorgan Chase & Co.

In other news, General Counsel Stacey Friedman sold 3,303 shares of the firm'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 owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.79% of the stock is currently owned by company insiders.

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.