Cyndeo Wealth Partners LLC Has $17 Million Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

Cyndeo Wealth Partners LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 70,920 shares of the financial services provider’s stock after purchasing an additional 1,758 shares during the period. JPMorgan Chase & Co. makes up 1.1% of Cyndeo Wealth Partners LLC’s investment portfolio, making the stock its 15th largest holding. Cyndeo Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $17,000,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Aspiring Ventures LLC bought a new stake in JPMorgan Chase & Co. in the 4th quarter worth about $302,000. DGS Capital Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 5.0% in the fourth quarter. DGS Capital Management LLC now owns 1,037 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 49 shares in the last quarter. Bennett Selby Investments LP grew its holdings in shares of JPMorgan Chase & Co. by 0.7% in the fourth quarter. Bennett Selby Investments LP now owns 8,966 shares of the financial services provider’s stock valued at $2,149,000 after acquiring an additional 59 shares in the last quarter. Cottonwood Capital Advisors LLC increased its position in shares of JPMorgan Chase & Co. by 23.0% during the fourth quarter. Cottonwood Capital Advisors LLC now owns 4,293 shares of the financial services provider’s stock valued at $1,029,000 after acquiring an additional 804 shares during the last quarter. Finally, Eclectic Associates Inc. ADV boosted its position in JPMorgan Chase & Co. by 2.7% in the fourth quarter. Eclectic Associates Inc. ADV now owns 16,315 shares of the financial services provider’s stock worth $3,911,000 after purchasing an additional 435 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Price Performance

JPM opened at $266.74 on Thursday. The stock’s 50 day moving average price is $246.56 and its 200-day moving average price is $227.36. JPMorgan Chase & Co. has a 52-week low of $171.43 and a 52-week high of $270.68. The stock has a market capitalization of $750.96 billion, a PE ratio of 13.51, a price-to-earnings-growth 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.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings data on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $41.90 billion. During the same period in the previous year, the firm earned $3.04 EPS. The company’s quarterly revenue was up 10.9% compared to the same quarter last year. On average, equities research analysts predict that JPMorgan Chase & Co. will post 17.82 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be issued a $1.25 dividend. The ex-dividend date is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.87%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 25.33%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Daiwa Capital Markets decreased their price objective on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Evercore ISI lifted their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Piper Sandler increased their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Keefe, Bruyette & Woods boosted their target price on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the company a “market perform” rating in a research note on Thursday, January 16th. Finally, Royal Bank of Canada upped their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $251.78.

Insider Buying and Selling at JPMorgan Chase & Co.

In other 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 value of $838,763.82. Following the completion of 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 document filed with the SEC, which is available through this hyperlink. Insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. Company 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.