JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Aviance Capital Partners LLC

Aviance Capital Partners LLC reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 82,665 shares of the financial services provider’s stock after selling 825 shares during the period. JPMorgan Chase & Co. makes up 2.7% of Aviance Capital Partners LLC’s investment portfolio, making the stock its 6th largest holding. Aviance Capital Partners LLC’s holdings in JPMorgan Chase & Co. were worth $19,816,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. EFG Asset Management Americas Corp. grew its holdings in shares of JPMorgan Chase & Co. by 20.1% during the fourth quarter. EFG Asset Management Americas Corp. now owns 58,760 shares of the financial services provider’s stock valued at $14,085,000 after buying an additional 9,826 shares during the last quarter. Bradyco Inc. acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $2,662,000. Novus Advisors LLC acquired a new position in shares of JPMorgan Chase & Co. during the fourth quarter valued at about $264,000. Edgestream Partners L.P. grew its holdings in shares of JPMorgan Chase & Co. by 288.9% during the fourth quarter. Edgestream Partners L.P. now owns 37,567 shares of the financial services provider’s stock valued at $9,005,000 after buying an additional 27,906 shares during the last quarter. Finally, BBR Partners LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.7% during the fourth quarter. BBR Partners LLC now owns 33,471 shares of the financial services provider’s stock valued at $8,023,000 after buying an additional 228 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $232.94 on Monday. The stock has a market capitalization of $651.31 billion, a P/E ratio of 11.80, a PEG ratio of 2.83 and a beta of 1.10. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The firm’s 50 day moving average is $258.29 and its 200 day moving average is $238.95. JPMorgan Chase & Co. has a 12 month low of $179.20 and a 12 month high of $280.25.

JPMorgan Chase & Co. (NYSE:JPM) last posted 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 business had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the prior year, the company posted $3.04 EPS. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. On average, sell-side analysts anticipate that JPMorgan Chase & Co. will post 18.1 earnings per share for the current year.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction 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 sale, the general counsel now owns 47,620 shares in the company, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Robin Leopold sold 1,250 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $270.09, for a total transaction of $337,612.50. Following the transaction, the insider now directly owns 50,377 shares in the company, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,326 shares of company stock worth $12,448,445 in the last three months. 0.79% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on JPM shares. Baird R W upgraded shares of JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a report on Friday, March 7th. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research report on Friday, January 3rd. Truist Financial raised their price target on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a research report on Thursday, January 16th. Barclays raised their price target on shares of JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Piper Sandler raised their price target on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Ten research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $252.89.

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.