ORG Wealth Partners LLC Sells 67 Shares of JPMorgan Chase & Co. (NYSE:JPM)

ORG Wealth Partners LLC decreased its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 3.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 2,088 shares of the financial services provider’s stock after selling 67 shares during the period. ORG Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $501,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. ST Germain D J Co. Inc. boosted its position in shares of JPMorgan Chase & Co. by 0.7% during the fourth quarter. ST Germain D J Co. Inc. now owns 192,444 shares of the financial services provider’s stock worth $46,131,000 after acquiring an additional 1,282 shares during the last quarter. Baker Tilly Wealth Management LLC lifted its position in JPMorgan Chase & Co. by 4.2% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 11,285 shares of the financial services provider’s stock valued at $2,705,000 after purchasing an additional 459 shares during the last quarter. Fortitude Family Office LLC lifted its position in JPMorgan Chase & Co. by 15.5% during the fourth quarter. Fortitude Family Office LLC now owns 12,004 shares of the financial services provider’s stock valued at $2,877,000 after purchasing an additional 1,615 shares during the last quarter. Legacy Private Trust Co. lifted its position in JPMorgan Chase & Co. by 3.2% during the fourth quarter. Legacy Private Trust Co. now owns 72,206 shares of the financial services provider’s stock valued at $17,308,000 after purchasing an additional 2,249 shares during the last quarter. Finally, First Hawaiian Bank lifted its position in JPMorgan Chase & Co. by 1.0% during the fourth quarter. First Hawaiian Bank now owns 47,964 shares of the financial services provider’s stock valued at $11,497,000 after purchasing an additional 460 shares during the last quarter. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Down 1.6 %

JPM stock traded down $3.82 during trading on Friday, hitting $239.31. The company had a trading volume of 4,123,731 shares, compared to its average volume of 8,328,673. The firm has a market capitalization of $673.74 billion, a P/E ratio of 13.32, a PEG ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a 52-week low of $164.30 and a 52-week high of $254.31. The company has a 50 day simple moving average of $241.25 and a 200-day simple moving average of $222.25. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping the consensus estimate of $4.02 by $0.35. The company had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.33 EPS. As a group, research analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be given a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.09%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 27.82%.

Analyst Ratings Changes

JPM has been the subject of several research reports. Piper Sandler increased their price objective 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. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research report on Friday, January 3rd. Bank of America increased their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their target price for the stock from $220.00 to $224.00 in a report on Monday, September 30th. Finally, Oppenheimer lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $245.83.

About JPMorgan Chase & Co.

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.