JPMorgan Chase & Co. (NYSE:JPM) Position Trimmed by GSB Wealth Management LLC

GSB Wealth Management LLC reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 15,218 shares of the financial services provider’s stock after selling 80 shares during the quarter. JPMorgan Chase & Co. makes up 0.9% of GSB Wealth Management LLC’s portfolio, making the stock its 26th biggest position. GSB Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $3,648,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Quarry LP boosted its stake in JPMorgan Chase & Co. by 1,062.1% during the 2nd quarter. Quarry LP now owns 337 shares of the financial services provider’s stock valued at $68,000 after purchasing an additional 308 shares during the period. New Wave Wealth Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. during the second quarter valued at approximately $214,000. RiverFront Investment Group LLC boosted its position in shares of JPMorgan Chase & Co. by 104.3% during the second quarter. RiverFront Investment Group LLC now owns 124,513 shares of the financial services provider’s stock worth $25,184,000 after buying an additional 63,571 shares during the period. Farmers National Bank grew its holdings in JPMorgan Chase & Co. by 0.9% in the 2nd quarter. Farmers National Bank now owns 70,410 shares of the financial services provider’s stock worth $14,241,000 after buying an additional 649 shares in the last quarter. Finally, Strategic Investment Solutions Inc. IL acquired a new stake in JPMorgan Chase & Co. in the 2nd quarter valued at approximately $399,000. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JPM has been the subject of several recent analyst reports. Wells Fargo & Company increased their price target on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Bank of America raised their target price on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, January 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 for the company in a research note on Friday, January 3rd. Royal Bank of Canada raised their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Finally, UBS Group upped their target price on JPMorgan Chase & Co. from $276.00 to $287.00 and gave the stock a “buy” rating in a research report on Thursday, January 16th. Two research 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 MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $251.78.

Insider Transactions at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value 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 represents a 6.49 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Price Performance

Shares of NYSE:JPM opened at $266.74 on Thursday. The company has a market cap of $750.96 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 2.83 and a beta of 1.11. The company’s fifty day moving average is $246.56 and its two-hundred day moving average is $227.36. 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 12-month low of $171.43 and a 12-month high of $270.68.

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 firm had revenue of $42.77 billion during the quarter, compared to analyst estimates of $41.90 billion. During the same period last year, the company posted $3.04 EPS. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. Equities analysts expect that JPMorgan Chase & Co. will post 17.82 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be issued a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 25.33%.

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.