Richard P Slaughter Associates Inc Decreases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Richard P Slaughter Associates Inc lowered its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 2.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,873 shares of the financial services provider’s stock after selling 248 shares during the quarter. Richard P Slaughter Associates Inc’s holdings in JPMorgan Chase & Co. were worth $1,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Grayhawk Investment Strategies Inc. purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at $32,000. HBC Financial Services PLLC increased its position in JPMorgan Chase & Co. by 61.2% during the second quarter. HBC Financial Services PLLC now owns 237 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 90 shares during the last quarter. Horizons Wealth Management purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at $39,000. New Millennium Group LLC purchased a new stake in JPMorgan Chase & Co. during the second quarter valued at $39,000. Finally, Bellwether Advisors LLC increased its position in JPMorgan Chase & Co. by 119.1% during the third quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock valued at $51,000 after acquiring an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 67.89% of the company’s stock.

JPMorgan Chase & Co. Price Performance

NYSE:JPM opened at $125.81 on Friday. The firm has a market capitalization of $370.30 billion, a price-to-earnings ratio of 10.41, a PEG ratio of 2.09 and a beta of 1.12. JPMorgan Chase & Co. has a 1 year low of $101.28 and a 1 year high of $144.34. The business has a 50 day simple moving average of $139.06 and a 200-day simple moving average of $129.21. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.84 and a quick ratio of 0.84.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last posted its quarterly earnings data on Friday, January 13th. The financial services provider reported $3.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.11 by $0.46. The business had revenue of $34.55 billion during the quarter, compared to analyst estimates of $34.23 billion. JPMorgan Chase & Co. had a return on equity of 14.68% and a net margin of 24.34%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period last year, the company earned $3.33 EPS. Equities analysts forecast that JPMorgan Chase & Co. will post 12.9 EPS for the current year.

Insider Activity

In other news, General Counsel Stacey Friedman sold 23,148 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total value of $3,247,895.88. Following the completion of the sale, the general counsel now directly owns 48,311 shares of the company’s stock, valued at approximately $6,778,516.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Mary E. Erdoes sold 10,340 shares of the stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.29, for a total value of $1,450,598.60. Following the sale, the chief executive officer now directly owns 544,136 shares in the company, valued at $76,336,839.44. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, General Counsel Stacey Friedman sold 23,148 shares of the stock in a transaction that occurred on Tuesday, January 17th. The stock was sold at an average price of $140.31, for a total value of $3,247,895.88. Following the completion of the sale, the general counsel now owns 48,311 shares in the company, valued at $6,778,516.41. The disclosure for this sale can be found here. Insiders sold 37,887 shares of company stock valued at $5,315,762 in the last ninety days. Insiders own 0.79% of the company’s stock.

Analyst Ratings Changes

JPM has been the subject of a number of analyst reports. Piper Sandler upped their price target on JPMorgan Chase & Co. from $150.00 to $157.00 in a research report on Tuesday, January 17th. Deutsche Bank Aktiengesellschaft cut JPMorgan Chase & Co. from a “buy” rating to a “hold” rating and reduced their price target for the stock from $155.00 to $145.00 in a research report on Friday, January 6th. Barclays upped their price target on JPMorgan Chase & Co. from $162.00 to $189.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 3rd. Morgan Stanley upped their price target on JPMorgan Chase & Co. from $167.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, February 24th. Finally, Wells Fargo & Company raised JPMorgan Chase & Co. from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $148.00 to $155.00 in a research note on Monday, March 13th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. presently has an average rating of “Moderate Buy” and an average price target of $150.78.

JPMorgan Chase & Co. Company Profile

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JPMorgan Chase & Co is a financial holding company, which engages in providing 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.