RKL Wealth Management LLC Trims Holdings in JPMorgan Chase & Co. (NYSE:JPM)

RKL Wealth Management LLC cut its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,139 shares of the financial services provider’s stock after selling 394 shares during the quarter. RKL Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,631,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Macroview Investment Management LLC grew its position in JPMorgan Chase & Co. by 7,833.3% during the 3rd quarter. Macroview Investment Management LLC now owns 238 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 235 shares during the last quarter. Briaud Financial Planning Inc purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $40,000. FSC Wealth Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 290.9% during the 3rd quarter. FSC Wealth Advisors LLC now owns 387 shares of the financial services provider’s stock valued at $56,000 after acquiring an additional 288 shares during the last quarter. Legacy Financial Group LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter valued at about $58,000. Finally, Robbins Farley boosted its holdings in shares of JPMorgan Chase & Co. by 29.5% during the 3rd quarter. Robbins Farley now owns 421 shares of the financial services provider’s stock valued at $61,000 after acquiring an additional 96 shares during the last quarter. 68.94% of the stock is owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $174.36 on Thursday. JPMorgan Chase & Co. has a one year low of $123.11 and a one year high of $178.30. The company’s fifty day moving average price is $165.81 and its 200-day moving average price is $154.35. The company has a debt-to-equity ratio of 1.30, a quick ratio of 0.90 and a current ratio of 0.91. The company has a market capitalization of $501.57 billion, a PE ratio of 10.75, a price-to-earnings-growth ratio of 2.19 and a beta of 1.13.

JPMorgan Chase & Co. (NYSE:JPMGet Free Report) last released its earnings results on Friday, January 12th. The financial services provider reported $3.04 EPS for the quarter, missing the consensus estimate of $3.73 by ($0.69). JPMorgan Chase & Co. had a return on equity of 17.80% and a net margin of 20.70%. The company had revenue of $38.57 billion during the quarter, compared to analysts’ expectations of $39.73 billion. During the same period last year, the firm posted $3.57 EPS. JPMorgan Chase & Co.’s quarterly revenue was up 11.7% compared to the same quarter last year. On average, equities analysts anticipate that JPMorgan Chase & Co. will post 15.74 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Thursday, January 4th were given a $1.05 dividend. This represents a $4.20 annualized dividend and a yield of 2.41%. The ex-dividend date of this dividend was Thursday, January 4th. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.89%.

Insider Buying and Selling

In related news, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total value of $561,546.64. Following the sale, the insider now owns 205,461 shares in the company, valued at $34,256,512.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Marianne Lake sold 32,243 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $160.00, for a total value of $5,158,880.00. Following the sale, the chief executive officer now owns 131,962 shares in the company, valued at $21,113,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ashley Bacon sold 3,368 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $166.73, for a total transaction of $561,546.64. Following the transaction, the insider now owns 205,461 shares in the company, valued at approximately $34,256,512.53. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 39,072 shares of company stock worth $6,297,103. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on JPM shares. Deutsche Bank Aktiengesellschaft raised shares of JPMorgan Chase & Co. from a “hold” rating to a “buy” rating and raised their price target for the company from $140.00 to $190.00 in a report on Tuesday, January 9th. Morgan Stanley raised their price objective on shares of JPMorgan Chase & Co. from $191.00 to $221.00 and gave the stock an “overweight” rating in a report on Tuesday. BMO Capital Markets raised their price objective on shares of JPMorgan Chase & Co. from $192.00 to $194.00 and gave the stock a “market perform” rating in a report on Tuesday, January 16th. Evercore ISI raised their price objective on shares of JPMorgan Chase & Co. from $158.00 to $167.00 in a report on Thursday, October 5th. Finally, Barclays raised their price objective on shares of JPMorgan Chase & Co. from $186.00 to $212.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Eight research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, JPMorgan Chase & Co. has a consensus rating of “Moderate Buy” and a consensus price target of $179.11.

Check Out Our Latest Stock Analysis on JPM

About JPMorgan Chase & Co.

(Free Report)

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 to consumers and small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit cards, auto loans, leases, and travel services.

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Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)

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