JPMorgan Chase & Co. (NYSE:JPM) Stake Decreased by Smith Chas P & Associates PA Cpas

Smith Chas P & Associates PA Cpas cut its stake in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 357,161 shares of the financial services provider's stock after selling 9,143 shares during the quarter. JPMorgan Chase & Co. makes up approximately 4.9% of Smith Chas P & Associates PA Cpas' holdings, making the stock its 5th biggest holding. Smith Chas P & Associates PA Cpas' holdings in JPMorgan Chase & Co. were worth $85,615,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of JPM. Mizuho Securities Co. Ltd. bought a new stake in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC purchased a new position in JPMorgan Chase & Co. during the third quarter valued at approximately $27,000. West Financial Advisors LLC bought a new position in JPMorgan Chase & Co. in the third quarter worth approximately $37,000. New England Capital Financial Advisors LLC boosted its position 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 acquiring an additional 50 shares in the last quarter. Finally, Carolina Wealth Advisors LLC increased its holdings in shares of 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 period. Institutional investors own 71.55% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Evercore ISI lifted their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an "outperform" rating in a research note on Monday, October 14th. UBS Group lifted their price target on shares of JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a "buy" rating in a report on Thursday, January 16th. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Bank of America boosted their price target on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a "buy" rating in a research note on Tuesday, January 7th. Finally, Barclays lifted their target price on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an "overweight" rating in a research note on Thursday, January 16th. Two equities research 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. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $251.78.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM opened at $268.23 on Friday. 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 stock has a market capitalization of $755.17 billion, a price-to-earnings ratio of 13.59, a PEG ratio of 2.83 and a beta of 1.11. The firm's 50 day simple moving average is $247.08 and its 200-day simple moving average is $227.63. JPMorgan Chase & Co. has a 12 month low of $171.43 and a 12 month high of $270.68.

JPMorgan Chase & Co. (NYSE:JPM - Get Free Report) last released 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. The company 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 20.96% and a return on equity of 16.99%. The firm's revenue was up 10.9% on a year-over-year basis. During the same quarter last year, the business earned $3.04 earnings per share. Analysts expect that JPMorgan Chase & Co. will post 17.82 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be paid a $1.25 dividend. The ex-dividend date of this dividend is 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 presently 25.33%.

Insider Buying and Selling

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business's 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 sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.79% of the stock is currently owned by insiders.

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.