JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Argent Capital Management LLC

Argent Capital Management LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 237,948 shares of the financial services provider’s stock after selling 4,761 shares during the period. JPMorgan Chase & Co. makes up about 1.6% of Argent Capital Management LLC’s investment portfolio, making the stock its 24th largest holding. Argent Capital Management LLC’s holdings in JPMorgan Chase & Co. were worth $57,038,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in JPM. Outlook Wealth Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 4.1% in the fourth quarter. Outlook Wealth Advisors LLC now owns 3,385 shares of the financial services provider’s stock worth $812,000 after purchasing an additional 134 shares during the period. Keeler & Nadler Financial Planning & Wealth Management raised its position in shares of JPMorgan Chase & Co. by 5.1% during the 4th quarter. Keeler & Nadler Financial Planning & Wealth Management now owns 1,981 shares of the financial services provider’s stock worth $475,000 after buying an additional 97 shares in the last quarter. ERn Financial LLC lifted its stake in shares of JPMorgan Chase & Co. by 4.9% in the 4th quarter. ERn Financial LLC now owns 6,869 shares of the financial services provider’s stock worth $1,647,000 after acquiring an additional 323 shares during the period. BluePath Capital Management LLC lifted its stake in shares of JPMorgan Chase & Co. by 13.8% in the 4th quarter. BluePath Capital Management LLC now owns 6,498 shares of the financial services provider’s stock worth $1,587,000 after acquiring an additional 786 shares during the period. Finally, Websterrogers Financial Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at approximately $275,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

Shares of JPM stock opened at $259.46 on Friday. The company has a market capitalization of $730.47 billion, a price-to-earnings ratio of 14.44, a P/E/G ratio of 3.16 and a beta of 1.11. JPMorgan Chase & Co. has a 1-year low of $165.24 and a 1-year high of $260.62. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The stock’s fifty day simple moving average is $243.06 and its 200-day simple moving average is $223.93.

JPMorgan Chase & Co. (NYSE:JPM) last released its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. The company had revenue of $42.77 billion for the quarter, compared to analysts’ expectations of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.04 EPS. On average, sell-side analysts predict that JPMorgan Chase & Co. will post 17.46 earnings per share for the current fiscal 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 paid a $1.25 dividend. The ex-dividend date is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 1.93%. JPMorgan Chase & Co.’s dividend payout ratio is presently 25.33%.

Insiders Place Their Bets

In other news, General Counsel Stacey Friedman sold 3,303 shares of the company’s stock in a transaction on Thursday, January 16th. The shares were 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 approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on JPM shares. Wells Fargo & Company boosted their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Citigroup boosted their price objective 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. Piper Sandler upped 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. Daiwa Capital Markets lowered their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $251.78.

JPMorgan Chase & Co. 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.