Seneca House Advisors Sells 2,406 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Seneca House Advisors lessened its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 6.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,757 shares of the financial services provider’s stock after selling 2,406 shares during the period. JPMorgan Chase & Co. makes up 3.6% of Seneca House Advisors’ investment portfolio, making the stock its 9th largest position. Seneca House Advisors’ holdings in JPMorgan Chase & Co. were worth $9,051,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. FCG Investment Co lifted its stake in shares of JPMorgan Chase & Co. by 5.6% in the 4th quarter. FCG Investment Co now owns 19,228 shares of the financial services provider’s stock valued at $4,609,000 after purchasing an additional 1,021 shares during the last quarter. Lifestyle Asset Management Inc. lifted its stake in shares of JPMorgan Chase & Co. by 4.4% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,083 shares of the financial services provider’s stock valued at $260,000 after purchasing an additional 46 shares during the last quarter. Spinnaker Investment Group LLC lifted its stake in shares of JPMorgan Chase & Co. by 3.1% in the 4th quarter. Spinnaker Investment Group LLC now owns 5,049 shares of the financial services provider’s stock valued at $1,210,000 after purchasing an additional 152 shares during the last quarter. Apeiron RIA LLC lifted its stake in shares of JPMorgan Chase & Co. by 6.6% in the 4th quarter. Apeiron RIA LLC now owns 2,798 shares of the financial services provider’s stock valued at $671,000 after purchasing an additional 173 shares during the last quarter. Finally, Secure Asset Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 0.5% in the 4th quarter. Secure Asset Management LLC now owns 15,493 shares of the financial services provider’s stock valued at $3,714,000 after purchasing an additional 84 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Piper Sandler increased their target price 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. Daiwa Capital Markets decreased their target price 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. Citigroup increased their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research note on Friday, January 3rd. Finally, Truist Financial increased their target price on JPMorgan Chase & Co. from $260.00 to $268.00 and gave the stock a “hold” rating in a research note on Thursday, January 16th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. Trading Up 0.4 %

JPM opened at $266.94 on Wednesday. JPMorgan Chase & Co. has a one year low of $171.30 and a one year high of $267.33. The company has a market cap of $751.53 billion, a P/E ratio of 13.52, a PEG ratio of 2.83 and a beta of 1.11. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. The business’s 50-day simple moving average is $246.08 and its 200-day simple moving average is $226.92.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The business had revenue of $42.77 billion for the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $3.04 EPS. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 17.82 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

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 paid a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.87%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.33%.

Insider Buying and Selling

In related news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total transaction of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares in the company, valued at $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 is available through the SEC website. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Profile

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.