Watts Gwilliam & Co. LLC Has $3.99 Million Position in JPMorgan Chase & Co. (NYSE:JPM)

Watts Gwilliam & Co. LLC cut its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 6.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,406 shares of the financial services provider’s stock after selling 1,064 shares during the quarter. JPMorgan Chase & Co. accounts for about 0.8% of Watts Gwilliam & Co. LLC’s investment portfolio, making the stock its 26th largest holding. Watts Gwilliam & Co. LLC’s holdings in JPMorgan Chase & Co. were worth $3,990,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Legacy Private Trust Co. increased its stake in shares of JPMorgan Chase & Co. by 3.2% in the fourth quarter. Legacy Private Trust Co. now owns 72,206 shares of the financial services provider’s stock worth $17,308,000 after acquiring an additional 2,249 shares during the last quarter. First Hawaiian Bank increased 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 worth $11,497,000 after purchasing an additional 460 shares during the last quarter. InvesTrust purchased a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth about $10,578,000. Private Client Services LLC lifted its stake in JPMorgan Chase & Co. by 1.6% in the fourth quarter. Private Client Services LLC now owns 5,708 shares of the financial services provider’s stock valued at $1,368,000 after acquiring an additional 91 shares during the last quarter. Finally, Sterneck Capital Management LLC increased its stake in shares of JPMorgan Chase & Co. by 1.8% during the 4th quarter. Sterneck Capital Management LLC now owns 5,299 shares of the financial services provider’s stock worth $1,270,000 after purchasing an additional 93 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on JPM. Daiwa Capital Markets decreased their price objective on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Keefe, Bruyette & Woods upped their price target on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 3rd. Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Citigroup boosted their target price on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a report on Tuesday, November 19th. Finally, Truist Financial started coverage on JPMorgan Chase & Co. in a report on Tuesday. They set a “hold” rating and a $260.00 price target on the stock. Two research 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $245.83.

JPMorgan Chase & Co. Trading Down 0.1 %

Shares of JPM stock opened at $243.03 on Friday. The stock has a market cap of $684.21 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 3.54 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. JPMorgan Chase & Co. has a 52-week low of $164.30 and a 52-week high of $254.31. The firm has a fifty day moving average of $241.25 and a 200-day moving average of $222.25.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.02 by $0.35. The firm had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 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 6.5% compared to the same quarter last year. During the same period in the prior year, the company posted $4.33 earnings per share. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current fiscal year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.06%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 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.