JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by JTC Employer Solutions Trustee Ltd

JTC Employer Solutions Trustee Ltd trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 309,236 shares of the financial services provider’s stock after selling 2,395 shares during the period. JPMorgan Chase & Co. makes up about 5.2% of JTC Employer Solutions Trustee Ltd’s holdings, making the stock its 4th largest holding. JTC Employer Solutions Trustee Ltd’s holdings in JPMorgan Chase & Co. were worth $74,034,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the business. Mizuho Securities Co. Ltd. purchased a new position in shares of JPMorgan Chase & Co. during the third quarter worth $25,000. Catalyst Capital Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at $27,000. Fairway Wealth LLC acquired a new stake in shares of JPMorgan Chase & Co. in the second quarter valued at $32,000. West Financial Advisors LLC acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at $37,000. Finally, New England Capital Financial Advisors LLC raised its stake in shares of 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 acquiring an additional 50 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on JPM shares. Evercore ISI raised their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Barclays raised their price target 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. Robert W. Baird cut 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. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and an average price target of $245.83.

JPMorgan Chase & Co. Stock Performance

JPM traded up $2.06 during trading on Monday, reaching $241.93. The company’s stock had a trading volume of 3,884,100 shares, compared to its average volume of 8,566,056. JPMorgan Chase & Co. has a 52-week low of $164.30 and a 52-week high of $254.31. The company’s fifty day moving average price is $241.59 and its 200-day moving average price is $222.88. The company has a market capitalization of $681.12 billion, a price-to-earnings ratio of 13.46, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The company had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same quarter in the previous year, the company earned $4.33 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal 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 issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.82%.

JPMorgan Chase & Co. 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.