Lake Street Private Wealth LLC Has $7.60 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Lake Street Private Wealth LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 11.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,712 shares of the financial services provider's stock after selling 3,935 shares during the period. JPMorgan Chase & Co. makes up approximately 1.2% of Lake Street Private Wealth LLC's holdings, making the stock its 17th biggest position. Lake Street Private Wealth LLC's holdings in JPMorgan Chase & Co. were worth $7,602,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in JPM. Mizuho Securities Co. Ltd. acquired a new position in shares of JPMorgan Chase & Co. in the third quarter worth about $25,000. Catalyst Capital Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at approximately $27,000. Fairway Wealth LLC acquired a new position in JPMorgan Chase & Co. in the 2nd quarter worth approximately $32,000. West Financial Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 3rd quarter worth approximately $37,000. Finally, New England Capital Financial Advisors LLC raised its stake in JPMorgan Chase & Co. by 38.5% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 50 shares during the period. 71.55% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 3,303 shares of the 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 completion of the sale, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. This represents a 6.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Stock Up 2.0 %

Shares of NYSE JPM traded up $5.19 during mid-day trading on Monday, reaching $259.46. 17,629,775 shares of the company traded hands, compared to its average volume of 8,107,328. The company's fifty day moving average is $243.50 and its two-hundred day moving average is $224.52. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. JPMorgan Chase & Co. has a fifty-two week low of $165.24 and a fifty-two week high of $260.62. The stock has a market cap of $730.47 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 3.16 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced 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 16.71% and a net margin of 19.64%. The company had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter last year, the company posted $3.04 earnings per share. The company's revenue for the quarter was up 10.9% compared to the same quarter last year. On average, analysts expect that JPMorgan Chase & Co. will post 17.46 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors 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%.

Analysts Set New Price Targets

JPM has been the subject of several recent analyst reports. Evercore ISI raised their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Royal Bank of Canada raised their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an "outperform" rating in a research report on Monday, October 14th. Piper Sandler upped their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an "overweight" rating in a report on Tuesday, December 3rd. Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price target for the company. in a report on Thursday, November 7th. Finally, 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $251.78.

JPMorgan Chase & Co. Company Profile

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.