San Luis Wealth Advisors LLC Sells 1,026 Shares of JPMorgan Chase & Co. (NYSE:JPM)

San Luis Wealth Advisors LLC lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 20,527 shares of the financial services provider’s stock after selling 1,026 shares during the period. JPMorgan Chase & Co. accounts for about 0.9% of San Luis Wealth Advisors LLC’s portfolio, making the stock its 27th largest position. San Luis Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $4,921,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 8.4% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 97,908 shares of the financial services provider’s stock valued at $23,470,000 after purchasing an additional 7,620 shares in the last quarter. Floyd Financial Group LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at $1,273,000. R.H. Investment Group LLC bought a new stake in shares of JPMorgan Chase & Co. during the fourth quarter worth $1,771,000. Pines Wealth Management LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at $4,795,000. Finally, Sovereign Financial Group Inc. boosted its holdings in JPMorgan Chase & Co. by 11.9% in the fourth quarter. Sovereign Financial Group Inc. now owns 6,255 shares of the financial services provider’s stock valued at $1,499,000 after acquiring an additional 667 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Daiwa Capital Markets dropped their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Truist Financial started coverage on shares of JPMorgan Chase & Co. in a report on Tuesday, January 7th. They set a “hold” rating and a $260.00 target price for the company. Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a research note on Thursday, November 7th. Finally, Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $245.83.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $252.22 on Thursday. The firm has a market cap of $710.09 billion, a P/E ratio of 14.04, a PEG ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a twelve month low of $164.30 and a twelve month high of $254.31. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The firm’s 50 day moving average price is $242.60 and its two-hundred day moving average price is $223.51.

JPMorgan Chase & Co. (NYSE:JPM) last posted 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 business had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm’s revenue was up 10.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.04 EPS. On average, analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 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.