Accurate Wealth Management LLC Sells 180 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Accurate Wealth Management LLC cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,034 shares of the financial services provider’s stock after selling 180 shares during the period. JPMorgan Chase & Co. makes up 1.4% of Accurate Wealth Management LLC’s investment portfolio, making the stock its 11th biggest holding. Accurate Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $7,447,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Sovereign Financial Group Inc. boosted its stake in shares of JPMorgan Chase & Co. by 11.9% during the 4th quarter. Sovereign Financial Group Inc. now owns 6,255 shares of the financial services provider’s stock worth $1,499,000 after acquiring an additional 667 shares in the last quarter. Mayfair Advisory Group LLC lifted its holdings in JPMorgan Chase & Co. by 5.9% in the 4th quarter. Mayfair Advisory Group LLC now owns 3,757 shares of the financial services provider’s stock worth $901,000 after purchasing an additional 210 shares during the last quarter. Affinity Capital Advisors LLC boosted its position in JPMorgan Chase & Co. by 3.3% during the fourth quarter. Affinity Capital Advisors LLC now owns 4,046 shares of the financial services provider’s stock worth $984,000 after purchasing an additional 129 shares during the period. Ignite Planners LLC grew its holdings in JPMorgan Chase & Co. by 0.8% during the fourth quarter. Ignite Planners LLC now owns 9,994 shares of the financial services provider’s stock valued at $2,431,000 after purchasing an additional 78 shares during the last quarter. Finally, Tlwm raised its position in shares of JPMorgan Chase & Co. by 4.6% in the fourth quarter. Tlwm now owns 8,290 shares of the financial services provider’s stock valued at $1,987,000 after purchasing an additional 368 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on JPM shares. Daiwa Capital Markets lowered their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research note on Thursday, October 10th. Keefe, Bruyette & Woods upped their price target on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a “market perform” rating in a report on Tuesday, December 3rd. Wells Fargo & Company lifted their price objective 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. Barclays increased their target price on JPMorgan Chase & Co. from $257.00 to $304.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, Morgan Stanley downgraded JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $245.83.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM opened at $252.22 on Thursday. The firm has a market capitalization of $710.09 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 12-month low of $164.30 and a 12-month high of $254.31. The firm has a 50-day moving average price of $242.60 and a 200 day moving average price of $223.51.

JPMorgan Chase & Co. (NYSE:JPM) last released 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. 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 analyst estimates of $41.90 billion. During the same period in the prior year, the company posted $3.04 EPS. The company’s revenue was up 10.9% compared to the same quarter last year. Research analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be given a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 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.