Goldstein Advisors LLC trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.9% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,444 shares of the financial services provider’s stock after selling 87 shares during the period. Goldstein Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,065,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Trust Co. of Oklahoma lifted its position in shares of JPMorgan Chase & Co. by 4.7% in the fourth quarter. Trust Co. of Oklahoma now owns 2,389 shares of the financial services provider’s stock valued at $573,000 after buying an additional 108 shares during the last quarter. Market Street Wealth Management Advisors LLC raised its stake in JPMorgan Chase & Co. by 3.5% in the 4th quarter. Market Street Wealth Management Advisors LLC now owns 3,061 shares of the financial services provider’s stock valued at $734,000 after acquiring an additional 104 shares during the period. Baron Silver Stevens Financial Advisors LLC lifted its holdings in JPMorgan Chase & Co. by 2.4% during the 4th quarter. Baron Silver Stevens Financial Advisors LLC now owns 7,823 shares of the financial services provider’s stock valued at $1,875,000 after purchasing an additional 183 shares during the last quarter. Whalen Wealth Management Inc. boosted its position in JPMorgan Chase & Co. by 34.3% during the fourth quarter. Whalen Wealth Management Inc. now owns 5,190 shares of the financial services provider’s stock worth $1,244,000 after purchasing an additional 1,325 shares during the period. Finally, Endeavor Private Wealth Inc. acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $66,000. 71.55% of the stock is owned by institutional investors.
Insider Activity at JPMorgan Chase & Co.
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 transaction of $838,763.82. Following the completion of the transaction, the general counsel now directly owns 47,620 shares in the company, valued at approximately $12,092,622.80. This represents a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.79% of the stock is owned by insiders.
JPMorgan Chase & Co. Trading Up 0.4 %
JPMorgan Chase & Co. (NYSE:JPM – Get Free Report) last released its quarterly earnings data 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 business had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.99% and a net margin of 20.96%. JPMorgan Chase & Co.’s revenue was up 10.9% compared to the same quarter last year. During the same period last year, the firm posted $3.04 earnings per share. Equities analysts predict that JPMorgan Chase & Co. will post 17.82 EPS for the current fiscal year.
JPMorgan Chase & Co. Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors 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 1.88%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is 25.33%.
Analysts Set New Price Targets
Several analysts recently commented on the stock. Royal Bank of Canada lifted their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price on the stock in a research note on Friday, January 3rd. Daiwa Capital Markets reduced their price target on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Finally, Barclays increased their price objective on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $251.78.
View Our Latest Analysis on JPM
About JPMorgan Chase & Co.
JPMorgan Chase & Co is a financial holding company, which engages in the provision of 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.
Featured Articles
- Five stocks we like better than JPMorgan Chase & Co.
- What is the Hang Seng index?
- Sizing Up a New Opportunity for NVIDIA Investors
- Ride Out The Recession With These Dividend Kings
- Is DeepSeek Challenging NVIDIA’s AI Dominance?
- Earnings Per Share Calculator: How to Calculate EPS
- The 3 Biggest M&A Stock Opportunities for 2025
Want to see what other hedge funds are holding JPM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for JPMorgan Chase & Co. (NYSE:JPM – Free Report).
Receive News & Ratings for JPMorgan Chase & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for JPMorgan Chase & Co. and related companies with MarketBeat.com's FREE daily email newsletter.