CJM Wealth Advisers Ltd. Trims Stake in JPMorgan Chase & Co. (NYSE:JPM)

CJM Wealth Advisers Ltd. lessened its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,957 shares of the financial services provider’s stock after selling 157 shares during the period. JPMorgan Chase & Co. comprises approximately 0.3% of CJM Wealth Advisers Ltd.’s investment portfolio, making the stock its 27th biggest position. CJM Wealth Advisers Ltd.’s holdings in JPMorgan Chase & Co. were worth $948,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of JPM. Fortitude Family Office LLC grew its holdings in shares of JPMorgan Chase & Co. by 15.5% in the fourth quarter. Fortitude Family Office LLC now owns 12,004 shares of the financial services provider’s stock worth $2,877,000 after purchasing an additional 1,615 shares during the last quarter. Legacy Private Trust Co. boosted its position in JPMorgan Chase & Co. by 3.2% in the 4th quarter. Legacy Private Trust Co. now owns 72,206 shares of the financial services provider’s stock valued at $17,308,000 after buying an additional 2,249 shares during the period. First Hawaiian Bank boosted its position in JPMorgan Chase & Co. by 1.0% in the 4th quarter. First Hawaiian Bank now owns 47,964 shares of the financial services provider’s stock valued at $11,497,000 after buying an additional 460 shares during the period. InvesTrust bought a new position in JPMorgan Chase & Co. in the 4th quarter worth about $10,578,000. Finally, Private Client Services LLC increased its position in shares of JPMorgan Chase & Co. by 1.6% during the fourth quarter. Private Client Services LLC now owns 5,708 shares of the financial services provider’s stock worth $1,368,000 after acquiring an additional 91 shares during the period. Institutional investors own 71.55% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Evercore ISI boosted their price target on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Bank of America increased their price target on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday. Royal Bank of Canada raised their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Citigroup upped their price objective on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Finally, Piper Sandler raised their target price 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and an average target price of $245.83.

JPMorgan Chase & Co. Stock Down 0.1 %

NYSE:JPM opened at $243.03 on Friday. The company’s 50 day moving average is $241.25 and its two-hundred day moving average is $222.25. The company has a market cap of $684.21 billion, a PE ratio of 13.52, a P/E/G ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a twelve month low of $164.30 and a twelve month high of $254.31. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. During the same period in the prior year, the firm earned $4.33 EPS. The firm’s revenue was up 6.5% on a year-over-year basis. Analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be issued a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.82%.

JPMorgan Chase & Co. Company 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.