Means Investment CO. Inc. Reduces Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Means Investment CO. Inc. cut its position in JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,220 shares of the financial services provider’s stock after selling 829 shares during the quarter. JPMorgan Chase & Co. accounts for 2.0% of Means Investment CO. Inc.’s portfolio, making the stock its 11th largest position. Means Investment CO. Inc.’s holdings in JPMorgan Chase & Co. were worth $19,469,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. AMF Tjanstepension AB boosted its stake in shares of JPMorgan Chase & Co. by 17.2% during the 3rd quarter. AMF Tjanstepension AB now owns 473,785 shares of the financial services provider’s stock valued at $99,972,000 after buying an additional 69,451 shares during the last quarter. Alpha Financial Partners LLC raised its holdings in JPMorgan Chase & Co. by 11.5% in the third quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider’s stock valued at $702,000 after acquiring an additional 343 shares in the last quarter. Perfromance Wealth Partners LLC raised its holdings in JPMorgan Chase & Co. by 6.2% in the third quarter. Perfromance Wealth Partners LLC now owns 165,601 shares of the financial services provider’s stock valued at $34,918,000 after acquiring an additional 9,737 shares in the last quarter. Requisite Capital Management LLC boosted its stake in JPMorgan Chase & Co. by 6.6% during the 3rd quarter. Requisite Capital Management LLC now owns 4,737 shares of the financial services provider’s stock valued at $999,000 after acquiring an additional 294 shares during the last quarter. Finally, Pinnacle Wealth Management Group Inc. grew its holdings in JPMorgan Chase & Co. by 0.6% during the 3rd quarter. Pinnacle Wealth Management Group Inc. now owns 11,252 shares of the financial services provider’s stock worth $2,373,000 after acquiring an additional 69 shares in the last quarter. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 0.4 %

Shares of JPMorgan Chase & Co. stock opened at $275.84 on Monday. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The business has a fifty day simple moving average of $250.08 and a 200-day simple moving average of $230.52. JPMorgan Chase & Co. has a fifty-two week low of $172.62 and a fifty-two week high of $278.55. The firm has a market cap of $776.57 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 2.94 and a beta of 1.12.

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 analysts’ consensus estimates of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same period in the prior year, the firm earned $3.04 earnings per share. The business’s quarterly revenue was up 10.9% on a year-over-year basis. On average, equities analysts forecast that JPMorgan Chase & Co. will post 18.05 EPS for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were issued a dividend of $1.25 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.81%. JPMorgan Chase & Co.’s dividend payout ratio is 25.33%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the company’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 transaction of $838,763.82. Following the completion of the sale, the general counsel now owns 47,620 shares of the company’s stock, valued at $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.79% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on JPM shares. Robert W. Baird cut shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target on the stock. in a research report on Thursday, November 7th. Bank of America upped their price target on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Baird R W downgraded shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research report on Friday, January 3rd. Finally, Truist Financial boosted their price objective on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Hold” and a consensus target price of $251.78.

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.