Constitution Capital LLC Sells 22,050 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Constitution Capital LLC trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 36.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,997 shares of the financial services provider's stock after selling 22,050 shares during the period. JPMorgan Chase & Co. makes up 5.1% of Constitution Capital LLC's investment portfolio, making the stock its 2nd biggest holding. Constitution Capital LLC's holdings in JPMorgan Chase & Co. were worth $9,108,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Financial Avengers Inc. boosted its stake in 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 buying an additional 43 shares during the last quarter. Matrix Trust Co lifted its holdings in shares of 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 during the period. One Charles Private Wealth Services LLC grew its holdings 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 purchasing an additional 44 shares during the period. Henrickson Nauta Wealth Advisors Inc. grew its holdings in JPMorgan Chase & Co. by 1.3% in the third quarter. Henrickson Nauta Wealth Advisors Inc. now owns 3,436 shares of the financial services provider's stock valued at $725,000 after purchasing an additional 45 shares during the period. Finally, Sunburst Financial Group LLC increased its position in JPMorgan Chase & Co. by 0.8% during the third quarter. Sunburst Financial Group LLC now owns 5,696 shares of the financial services provider's stock worth $1,201,000 after purchasing an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on JPM shares. Wolfe Research raised JPMorgan Chase & Co. from a "peer perform" rating to an "outperform" rating and set a $269.00 price target for the company in a research report on Friday, January 3rd. Baird R W cut JPMorgan Chase & Co. from a "hold" rating to a "strong sell" rating in a report on Thursday, November 7th. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research report on Wednesday, November 20th. 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. Finally, Morgan Stanley lowered shares of JPMorgan Chase & Co. from an "overweight" rating to an "equal weight" rating and increased their price objective for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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 JPMorgan Chase & Co. stock in a transaction that occurred 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 $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.79% of the company's stock.

JPMorgan Chase & Co. Stock Up 2.0 %

JPM traded up $5.19 during trading on Friday, hitting $259.46. The company had a trading volume of 17,629,775 shares, compared to its average volume of 8,107,328. JPMorgan Chase & Co. has a 1-year low of $165.24 and a 1-year high of $260.62. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $730.47 billion, a PE ratio of 14.44, a P/E/G ratio of 3.16 and a beta of 1.11. The business has a 50-day moving average of $243.50 and a 200-day moving average of $224.41.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last issued its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The company's revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.04 EPS. As a group, analysts forecast 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. Shareholders of record on Monday, January 6th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.'s dividend payout ratio is presently 27.82%.

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.