JPMorgan Chase & Co. (NYSE:JPM) Stock Position Cut by Tritonpoint Wealth LLC

Tritonpoint Wealth LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM - Free Report) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,975 shares of the financial services provider's stock after selling 2,628 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 2.1% of Tritonpoint Wealth LLC's portfolio, making the stock its 7th largest holding. Tritonpoint Wealth LLC's holdings in JPMorgan Chase & Co. were worth $23,486,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. AMF Tjanstepension AB increased its position in shares of JPMorgan Chase & Co. by 17.2% during the 3rd quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider's stock valued at $99,972,000 after purchasing an additional 69,451 shares during the last quarter. Alpha Financial Partners LLC grew its position in JPMorgan Chase & Co. by 11.5% during the third quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider's stock valued at $702,000 after buying an additional 343 shares during the period. Strong Tower Advisory Services increased its holdings in JPMorgan Chase & Co. by 16.0% during the third quarter. Strong Tower Advisory Services now owns 10,204 shares of the financial services provider's stock worth $2,152,000 after buying an additional 1,409 shares during the last quarter. Fermata Advisors LLC raised its position in JPMorgan Chase & Co. by 7.3% in the third quarter. Fermata Advisors LLC now owns 2,196 shares of the financial services provider's stock worth $463,000 after acquiring an additional 150 shares during the period. Finally, Charles Schwab Trust Co boosted its stake in JPMorgan Chase & Co. by 2.9% in the third quarter. Charles Schwab Trust Co now owns 24,913 shares of the financial services provider's stock valued at $5,253,000 after acquiring an additional 709 shares during the last quarter. Institutional investors own 71.55% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Robert W. Baird lowered 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 research note on Thursday, November 7th. Bank of America raised their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. UBS Group upped their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a "buy" rating in a research report on Thursday, January 16th. Truist Financial lifted their price objective on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a "hold" rating in a report on Thursday, January 16th. Finally, Wells Fargo & Company upped their price objective on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $251.78.

Insider Activity

In related news, General Counsel Stacey Friedman sold 3,303 shares of the firm'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 transaction of $838,763.82. Following the transaction, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is owned by corporate insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE JPM traded down $4.91 during mid-day trading on Monday, reaching $270.89. 8,623,124 shares of the company were exchanged, compared to its average volume of 9,703,267. JPMorgan Chase & Co. has a 52 week low of $172.62 and a 52 week high of $278.55. The company's 50 day moving average price is $250.08 and its 200 day moving average price is $230.67. The stock has a market capitalization of $762.64 billion, a PE ratio of 13.72, a PEG ratio of 2.94 and a beta of 1.12. 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 announced its quarterly earnings data 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 firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company's revenue was up 10.9% on a year-over-year basis. During the same period in the prior year, the company earned $3.04 EPS. Sell-side analysts forecast that JPMorgan Chase & Co. will post 18.05 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. Stockholders of record on Monday, January 6th were issued a $1.25 dividend. The ex-dividend date was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.85%. JPMorgan Chase & Co.'s payout ratio is 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.