JPMorgan Chase & Co. (NYSE:JPM) Stock Position Reduced by Valicenti Advisory Services Inc.

Valicenti Advisory Services Inc. cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,380 shares of the financial services provider's stock after selling 3,760 shares during the period. JPMorgan Chase & Co. accounts for 3.8% of Valicenti Advisory Services Inc.'s holdings, making the stock its 7th biggest holding. Valicenti Advisory Services Inc.'s holdings in JPMorgan Chase & Co. were worth $15,193,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in JPM. Mizuho Securities Co. Ltd. acquired a new stake in JPMorgan Chase & Co. during the 3rd quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the third quarter worth $27,000. West Financial Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the third quarter worth $37,000. New England Capital Financial Advisors LLC increased its stake in JPMorgan Chase & Co. by 38.5% during the third 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 last quarter. Finally, Carolina Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 36.0% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 189 shares of the financial services provider's stock valued at $40,000 after acquiring an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 71.55% of the company's stock.

Insider Transactions at JPMorgan Chase & Co.

In other 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 completion of the sale, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.79% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

JPM has been the subject of a number of recent analyst reports. Citigroup upped their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 19th. Barclays raised their target price on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a report on Thursday, January 16th. Oppenheimer lowered JPMorgan Chase & Co. from an "outperform" rating to a "market perform" rating in a research report on Wednesday, November 20th. Piper Sandler boosted their price target on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an "overweight" rating in a research note on Tuesday, December 3rd. Finally, Evercore ISI upped their price objective 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. Two 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 data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $251.78.

JPMorgan Chase & Co. Stock Up 0.5 %

JPM stock opened at $268.15 on Wednesday. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. The firm has a market capitalization of $754.93 billion, a PE ratio of 13.58, a P/E/G ratio of 2.87 and a beta of 1.12. JPMorgan Chase & Co. has a 12 month low of $172.62 and a 12 month high of $270.82. The company's 50 day simple moving average is $248.25 and its 200-day simple moving average is $228.90.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $41.90 billion. During the same period last year, the business earned $3.04 EPS. The firm's revenue for the quarter was up 10.9% compared to the same quarter last year. Equities analysts expect that JPMorgan Chase & Co. will post 17.82 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Monday, January 6th. JPMorgan Chase & Co.'s dividend payout ratio (DPR) is currently 25.33%.

JPMorgan Chase & Co. Company 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.

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