Stonegate Investment Group LLC Sells 16,124 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Stonegate Investment Group LLC cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 714,076 shares of the financial services provider's stock after selling 16,124 shares during the period. JPMorgan Chase & Co. accounts for 4.6% of Stonegate Investment Group LLC's holdings, making the stock its 4th largest position. Stonegate Investment Group LLC's holdings in JPMorgan Chase & Co. were worth $171,171,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Perigon Wealth Management LLC lifted its position in JPMorgan Chase & Co. by 6.1% during the fourth quarter. Perigon Wealth Management LLC now owns 126,863 shares of the financial services provider's stock worth $32,257,000 after acquiring an additional 7,238 shares during the last quarter. Hutchens & Kramer Investment Management Group LLC raised its position in shares of JPMorgan Chase & Co. by 13.3% in the fourth quarter. Hutchens & Kramer Investment Management Group LLC now owns 1,905 shares of the financial services provider's stock valued at $457,000 after buying an additional 223 shares in the last quarter. MBE Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 5.4% in the fourth quarter. MBE Wealth Management LLC now owns 2,611 shares of the financial services provider's stock valued at $626,000 after buying an additional 133 shares in the last quarter. Proathlete Wealth Management LLC raised its position in shares of JPMorgan Chase & Co. by 1.7% in the fourth quarter. Proathlete Wealth Management LLC now owns 5,187 shares of the financial services provider's stock valued at $1,244,000 after buying an additional 85 shares in the last quarter. Finally, KFA Private Wealth Group LLC raised its position in shares of JPMorgan Chase & Co. by 7.5% in the fourth quarter. KFA Private Wealth Group LLC now owns 2,108 shares of the financial services provider's stock valued at $505,000 after buying an additional 147 shares in the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded up $1.34 during midday trading on Tuesday, reaching $268.15. 5,619,778 shares of the company were exchanged, compared to its average volume of 10,176,410. The stock's 50-day moving average price is $248.25 and its 200-day moving average price is $228.90. The stock has a market cap of $754.93 billion, a P/E ratio of 13.58, a PEG ratio of 2.87 and a beta of 1.12. JPMorgan Chase & Co. has a one year low of $172.62 and a one year high of $270.82. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

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 the consensus estimate 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 company had revenue of $42.77 billion for the quarter, compared to analysts' expectations of $41.90 billion. During the same quarter in the previous year, the firm posted $3.04 earnings per share. JPMorgan Chase & Co.'s revenue for the quarter was up 10.9% on a year-over-year basis. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.82 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were paid a $1.25 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.86%. JPMorgan Chase & Co.'s dividend payout ratio is 25.33%.

Insider Buying and Selling

In related 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 value of $838,763.82. Following the sale, the general counsel now owns 47,620 shares of the company's stock, valued at $12,092,622.80. The trade was 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 the SEC website. 0.79% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on JPM shares. Piper Sandler lifted their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an "overweight" rating in a research report on Tuesday, December 3rd. Wells Fargo & Company lifted 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. UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Robert W. Baird cut shares of JPMorgan Chase & Co. from a "neutral" rating to an "underperform" rating and set a $200.00 price objective on the stock. in a research note on Thursday, November 7th. Finally, Oppenheimer cut shares of JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $251.78.

About JPMorgan Chase & Co.

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.