West Oak Capital LLC Has $276,000 Holdings in JPMorgan Chase & Co. (NYSE:JPM)

West Oak Capital LLC trimmed its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 94.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,150 shares of the financial services provider’s stock after selling 20,237 shares during the quarter. West Oak Capital LLC’s holdings in JPMorgan Chase & Co. were worth $276,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. RMR Wealth Builders lifted its position in shares of JPMorgan Chase & Co. by 4.4% during the 4th quarter. RMR Wealth Builders now owns 33,057 shares of the financial services provider’s stock valued at $7,924,000 after buying an additional 1,382 shares during the last quarter. Lowe Wealth Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 34.0% during the 4th quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 51 shares during the period. HBW Advisory Services LLC boosted its holdings in JPMorgan Chase & Co. by 10.6% during the 4th quarter. HBW Advisory Services LLC now owns 4,925 shares of the financial services provider’s stock valued at $1,181,000 after acquiring an additional 473 shares during the period. Harbor Capital Advisors Inc. raised its position in shares of JPMorgan Chase & Co. by 2.4% in the 4th quarter. Harbor Capital Advisors Inc. now owns 60,290 shares of the financial services provider’s stock worth $14,452,000 after acquiring an additional 1,429 shares in the last quarter. Finally, ST Germain D J Co. Inc. raised its stake in JPMorgan Chase & Co. by 0.7% during the fourth quarter. ST Germain D J Co. Inc. now owns 192,444 shares of the financial services provider’s stock valued at $46,131,000 after buying an additional 1,282 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

NYSE:JPM traded down $3.11 during mid-day trading on Friday, hitting $240.02. The stock had a trading volume of 10,246,126 shares, compared to its average volume of 9,384,023. The stock has a market capitalization of $675.74 billion, a price-to-earnings ratio of 13.36, a P/E/G ratio of 3.54 and a beta of 1.11. The company has a 50 day simple moving average of $241.25 and a 200-day simple moving average of $222.25. JPMorgan Chase & Co. has a 52 week low of $164.30 and a 52 week high of $254.31. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, beating the consensus estimate of $4.02 by $0.35. The firm had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. JPMorgan Chase & Co.’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the firm posted $4.33 EPS. On average, research analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be paid a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.82%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on JPM shares. Citigroup lifted their price objective on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Daiwa Capital Markets reduced their price objective on 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. Royal Bank of Canada upped their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Piper Sandler increased their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Finally, Barclays increased their price objective on JPMorgan Chase & Co. from $257.00 to $304.00 and gave the company an “overweight” rating in a report on Monday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $245.83.

About JPMorgan Chase & Co.

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.