Beach Investment Counsel Inc. PA Sells 10,158 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Beach Investment Counsel Inc. PA reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 11.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 82,391 shares of the financial services provider’s stock after selling 10,158 shares during the period. JPMorgan Chase & Co. comprises 2.7% of Beach Investment Counsel Inc. PA’s investment portfolio, making the stock its 11th biggest position. Beach Investment Counsel Inc. PA’s holdings in JPMorgan Chase & Co. were worth $19,750,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of JPM. Mizuho Securities Co. Ltd. bought a new position in JPMorgan Chase & Co. during the third quarter valued at $25,000. Catalyst Capital Advisors LLC purchased a new position in shares of JPMorgan Chase & Co. during the 3rd quarter valued at $27,000. New England Capital Financial Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 38.5% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 50 shares during the period. Carolina Wealth Advisors LLC increased its holdings in JPMorgan Chase & Co. by 36.0% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 189 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 50 shares during the last quarter. Finally, Peterson Financial Group Inc. bought a new stake in JPMorgan Chase & Co. in the 3rd quarter valued at about $45,000. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the transaction, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.79% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on JPM shares. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price for the company in a research report on Friday, January 3rd. Robert W. Baird downgraded shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a report on Thursday, November 7th. Truist Financial lifted their price objective on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Finally, Barclays lifted their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $275.15 on Wednesday. The firm has a 50 day simple moving average of $250.58 and a two-hundred day simple moving average of $231.11. The stock has a market cap of $774.63 billion, a PE ratio of 13.94, a P/E/G ratio of 2.94 and a beta of 1.12. JPMorgan Chase & Co. has a one year low of $172.62 and a one year high of $278.55. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results 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. 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 previous year, the business earned $3.04 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, analysts predict that JPMorgan Chase & Co. will post 18.05 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Monday, January 6th were given a dividend of $1.25 per share. The ex-dividend date was Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.82%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

About JPMorgan Chase & Co.

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.