JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Balentine LLC

Balentine LLC cut its stake in JPMorgan Chase & Co. (NYSE:JPM) by 53.2% in the fourth quarter, HoldingsChannel reports. The fund owned 2,405 shares of the financial services provider’s stock after selling 2,729 shares during the period. Balentine LLC’s holdings in JPMorgan Chase & Co. were worth $577,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. AMF Tjanstepension AB raised 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 worth $99,972,000 after buying an additional 69,451 shares during the period. Alpha Financial Partners LLC raised its stake in shares of JPMorgan Chase & Co. by 11.5% during the 3rd quarter. Alpha Financial Partners LLC now owns 3,329 shares of the financial services provider’s stock worth $702,000 after buying an additional 343 shares during the period. Calton & Associates Inc. raised its stake in shares of JPMorgan Chase & Co. by 307.3% during the 3rd quarter. Calton & Associates Inc. now owns 33,750 shares of the financial services provider’s stock worth $7,117,000 after buying an additional 25,464 shares during the period. Violich Capital Management Inc. raised its stake in shares of JPMorgan Chase & Co. by 0.5% during the 3rd quarter. Violich Capital Management Inc. now owns 19,795 shares of the financial services provider’s stock worth $4,174,000 after buying an additional 100 shares during the period. Finally, Koss Olinger Consulting LLC raised its stake in shares of JPMorgan Chase & Co. by 4.0% during the 3rd quarter. Koss Olinger Consulting LLC now owns 3,496 shares of the financial services provider’s stock worth $737,000 after buying an additional 133 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on JPM. Robert W. Baird downgraded JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective for the company. in a research note on Thursday, November 7th. Truist Financial increased their price objective on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research note on Thursday, January 16th. Oppenheimer downgraded JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research note on Friday, January 3rd. Finally, Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, JPMorgan Chase & Co. presently has an average rating of “Hold” and an average price target of $251.78.

Insider Activity at JPMorgan Chase & Co.

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

JPMorgan Chase & Co. Trading Down 0.2 %

NYSE:JPM opened at $279.30 on Thursday. The stock’s 50 day moving average price is $255.13 and its 200 day moving average price is $234.26. The company has a market capitalization of $786.31 billion, a PE ratio of 14.15, a P/E/G ratio of 2.93 and a beta of 1.12. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 52-week low of $178.40 and a 52-week high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last announced its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The company had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. During the same period last year, the business posted $3.04 EPS. The company’s revenue was up 10.9% on a year-over-year basis. On average, research analysts anticipate that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Monday, January 6th were paid a $1.25 dividend. The ex-dividend date was Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.79%. 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.