Profit Investment Management LLC Has $1.44 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Profit Investment Management LLC lowered its position in JPMorgan Chase & Co. (NYSE:JPM) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,022 shares of the financial services provider’s stock after selling 242 shares during the period. Profit Investment Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,444,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of JPM. Towerpoint Wealth LLC lifted its holdings in shares of JPMorgan Chase & Co. by 7.4% in the fourth quarter. Towerpoint Wealth LLC now owns 1,481 shares of the financial services provider’s stock valued at $355,000 after purchasing an additional 102 shares in the last quarter. Mirador Capital Partners LP boosted its holdings in shares of JPMorgan Chase & Co. by 0.5% in the 4th quarter. Mirador Capital Partners LP now owns 54,777 shares of the financial services provider’s stock valued at $13,131,000 after buying an additional 258 shares during the last quarter. Guardian Financial Partners LLC raised its position in JPMorgan Chase & Co. by 10.4% during the fourth quarter. Guardian Financial Partners LLC now owns 1,201 shares of the financial services provider’s stock worth $288,000 after acquiring an additional 113 shares in the last quarter. Mason & Associates Inc grew its holdings in JPMorgan Chase & Co. by 17.6% during the fourth quarter. Mason & Associates Inc now owns 7,401 shares of the financial services provider’s stock worth $1,774,000 after purchasing an additional 1,106 shares during the period. Finally, Northside Capital Management LLC boosted its stake in shares of JPMorgan Chase & Co. by 3.7% during the 4th quarter. Northside Capital Management LLC now owns 7,000 shares of the financial services provider’s stock worth $1,678,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

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 transaction, the general counsel now owns 47,620 shares in the company, valued at $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.79% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts recently commented on JPM shares. Bank of America lifted their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Citigroup raised their price target 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. Piper Sandler lifted their price objective on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price for the company in a research note on Friday, January 3rd. Finally, Robert W. Baird downgraded 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 report on Thursday, November 7th. 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $251.78.

JPMorgan Chase & Co. Stock Up 2.0 %

Shares of NYSE:JPM opened at $259.46 on Friday. JPMorgan Chase & Co. has a 1 year low of $165.24 and a 1 year high of $260.62. 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 business’s 50-day moving average is $243.06 and its 200-day moving average is $223.93. The company has a market capitalization of $730.47 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 3.16 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share 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 net margin of 19.64% and a return on equity of 16.71%. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $3.04 earnings per share. Equities research analysts predict that JPMorgan Chase & Co. will post 17.46 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.93%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 25.33%.

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.