Ridgecrest Wealth Partners LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Free Report) by 18.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,357 shares of the financial services provider’s stock after selling 1,700 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.0% of Ridgecrest Wealth Partners LLC’s investment portfolio, making the stock its 22nd largest holding. Ridgecrest Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $1,764,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. Mizuho Securities Co. Ltd. purchased a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $25,000. Catalyst Capital Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $27,000. West Financial Advisors LLC purchased a new stake in JPMorgan Chase & Co. in the third quarter valued at approximately $37,000. New England Capital Financial Advisors LLC boosted its position in JPMorgan Chase & Co. by 38.5% in the third quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock valued at $38,000 after buying an additional 50 shares during the last quarter. Finally, Carolina Wealth Advisors LLC boosted its position in JPMorgan Chase & Co. by 36.0% in the third quarter. Carolina Wealth Advisors LLC now owns 189 shares of the financial services provider’s stock valued at $40,000 after buying an additional 50 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.
Insiders Place Their Bets
In other news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.79% of the company’s stock.
Wall Street Analysts Forecast Growth
Check Out Our Latest Stock Analysis on JPM
JPMorgan Chase & Co. Stock Performance
Shares of JPM stock opened at $267.14 on Friday. The stock’s 50-day moving average is $247.91 and its two-hundred day moving average is $228.31. The firm has a market cap of $752.09 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 2.87 and a beta of 1.11. JPMorgan Chase & Co. has a 1 year low of $171.43 and a 1 year high of $270.82. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.03 by $0.78. The company 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 business’s quarterly revenue was up 10.9% compared to the same quarter last year. During the same quarter last year, the company posted $3.04 earnings per share. Analysts predict that JPMorgan Chase & Co. will post 17.82 earnings per share for the current year.
JPMorgan Chase & Co. Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Monday, January 6th were issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend was Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 25.33%.
JPMorgan Chase & Co. 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.
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