626 Financial LLC Trims Holdings in JPMorgan Chase & Co. (NYSE:JPM)

626 Financial LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 2.1% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,634 shares of the financial services provider’s stock after selling 224 shares during the quarter. JPMorgan Chase & Co. comprises about 1.4% of 626 Financial LLC’s holdings, making the stock its 18th largest position. 626 Financial LLC’s holdings in JPMorgan Chase & Co. were worth $2,549,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Mizuho Securities Co. Ltd. bought a new stake in JPMorgan Chase & Co. during the third quarter valued at $25,000. Catalyst Capital Advisors LLC bought a new stake in JPMorgan Chase & Co. during the third quarter valued at $27,000. Fairway Wealth LLC bought a new stake in JPMorgan Chase & Co. during the second quarter valued at $32,000. West Financial Advisors LLC bought a new stake in JPMorgan Chase & Co. during the third quarter worth about $37,000. Finally, New England Capital Financial Advisors LLC lifted 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 worth $38,000 after purchasing an additional 50 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Stock Up 1.9 %

Shares of NYSE:JPM opened at $252.22 on Thursday. JPMorgan Chase & Co. has a 1 year low of $164.30 and a 1 year high of $254.31. The company has a market cap of $710.09 billion, a PE ratio of 14.04, a P/E/G ratio of 3.54 and a beta of 1.11. 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 stock’s 50-day moving average is $242.60 and its 200 day moving average is $223.51.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly 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. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter in the previous year, the business earned $3.04 EPS. JPMorgan Chase & Co.’s revenue was up 10.9% compared to the same quarter last year. Sell-side analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS 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. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.98%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.82%.

Analyst Ratings Changes

JPM has been the subject of several research analyst reports. Royal Bank of Canada lifted their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Piper Sandler lifted their price target on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Citigroup lifted their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Evercore ISI lifted their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Robert W. Baird lowered 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. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, JPMorgan Chase & Co. has an average rating of “Hold” and a consensus price target of $245.83.

JPMorgan Chase & Co. 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.