Corepath Wealth Partners LLC Has $231,000 Stake in JPMorgan Chase & Co. (NYSE:JPM)

Corepath Wealth Partners LLC lowered its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 13.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 934 shares of the financial services provider’s stock after selling 143 shares during the period. JPMorgan Chase & Co. comprises 0.2% of Corepath Wealth Partners LLC’s portfolio, making the stock its 27th largest holding. Corepath Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $231,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Barlow Wealth Partners Inc. boosted its position in shares of JPMorgan Chase & Co. by 8.6% during the 4th quarter. Barlow Wealth Partners Inc. now owns 86,009 shares of the financial services provider’s stock valued at $21,704,000 after acquiring an additional 6,779 shares in the last quarter. Traphagen Investment Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 1.3% during the fourth quarter. Traphagen Investment Advisors LLC now owns 13,214 shares of the financial services provider’s stock valued at $3,167,000 after purchasing an additional 169 shares in the last quarter. Genesis Private Wealth LLC bought a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $531,000. Simon Quick Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 10.3% in the 4th quarter. Simon Quick Advisors LLC now owns 25,727 shares of the financial services provider’s stock worth $6,167,000 after buying an additional 2,409 shares in the last quarter. Finally, Beaumont Financial Advisors LLC boosted its stake in JPMorgan Chase & Co. by 2.1% in the 4th quarter. Beaumont Financial Advisors LLC now owns 20,872 shares of the financial services provider’s stock valued at $5,003,000 after buying an additional 430 shares in the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock opened at $264.66 on Friday. The firm’s 50 day moving average price is $245.67 and its two-hundred day moving average price is $226.25. The stock has a market cap of $745.09 billion, a PE ratio of 13.41, a PEG ratio of 2.83 and a beta of 1.11. JPMorgan Chase & Co. has a 52-week low of $170.90 and a 52-week high of $267.10. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $42.77 billion during the quarter, compared to analysts’ expectations of $41.90 billion. During the same period in the previous year, the firm earned $3.04 earnings per share. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. As a group, analysts forecast that JPMorgan Chase & Co. will post 17.82 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be given a $1.25 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.89%. JPMorgan Chase & Co.’s dividend payout ratio is 25.33%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Barclays lifted their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the company an “overweight” rating in a report on Thursday, January 16th. Daiwa Capital Markets reduced their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Truist Financial raised their price objective on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a report on Thursday, January 16th. Royal Bank of Canada boosted their target price on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, UBS Group raised their price target on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Hold” and an average target price of $251.78.

Insider Buying and Selling

In other news, General Counsel Stacey Friedman sold 3,303 shares of JPMorgan Chase & Co. 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 transaction, the general counsel now directly owns 47,620 shares of the company’s stock, 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 document filed with the SEC, which is available through this hyperlink. 0.79% of the stock is owned by insiders.

JPMorgan Chase & Co. Profile

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.