Atlanta Consulting Group Advisors LLC Sells 402 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Atlanta Consulting Group Advisors LLC reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,377 shares of the financial services provider’s stock after selling 402 shares during the quarter. JPMorgan Chase & Co. accounts for approximately 4.6% of Atlanta Consulting Group Advisors LLC’s holdings, making the stock its 6th biggest position. Atlanta Consulting Group Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $12,316,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Rockport Wealth LLC raised its holdings in JPMorgan Chase & Co. by 4.7% in the 4th quarter. Rockport Wealth LLC now owns 1,639 shares of the financial services provider’s stock valued at $379,000 after acquiring an additional 73 shares in the last quarter. IMG Wealth Management Inc. acquired a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $325,000. Signature Wealth Management Group lifted its position in JPMorgan Chase & Co. by 22.0% in the fourth quarter. Signature Wealth Management Group now owns 2,299 shares of the financial services provider’s stock worth $551,000 after purchasing an additional 415 shares during the period. SlateStone Wealth LLC boosted its stake in JPMorgan Chase & Co. by 1.6% during the fourth quarter. SlateStone Wealth LLC now owns 73,032 shares of the financial services provider’s stock worth $17,507,000 after buying an additional 1,156 shares in the last quarter. Finally, GWN Securities Inc. bought a new stake in JPMorgan Chase & Co. in the 4th quarter valued at $3,096,000. 71.55% of the stock is owned by institutional investors.

JPMorgan Chase & Co. Stock Performance

JPM stock opened at $248.23 on Tuesday. JPMorgan Chase & Co. has a twelve month low of $179.20 and a twelve month high of $280.25. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The company has a market cap of $694.07 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 2.83 and a beta of 1.10. The business’s fifty day moving average is $257.94 and its 200-day moving average is $239.71.

JPMorgan Chase & Co. (NYSE:JPM) last posted its earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, topping the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 20.96% and a return on equity of 16.99%. The company had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. During the same period last year, the business posted $3.04 earnings per share. The business’s revenue for the quarter was up 10.9% compared to the same quarter last year. Equities research analysts forecast that JPMorgan Chase & Co. will post 18.1 EPS for the current year.

JPMorgan Chase & Co. Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Friday, April 4th will be issued a dividend of $1.40 per share. This is a boost from JPMorgan Chase & Co.’s previous quarterly dividend of $1.25. The ex-dividend date of this dividend is Friday, April 4th. This represents a $5.60 annualized dividend and a yield of 2.26%. JPMorgan Chase & Co.’s dividend payout ratio is presently 28.37%.

Insider Activity at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction that occurred on Thursday, January 16th. The stock was sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the transaction, the general counsel now directly owns 47,620 shares in the company, valued at $12,092,622.80. This trade represents a 6.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Robin Leopold sold 1,250 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $270.09, for a total value of $337,612.50. Following the sale, the insider now owns 50,377 shares in the company, valued at approximately $13,606,323.93. This represents a 2.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 76,848 shares of company stock valued at $19,987,908. Corporate insiders own 0.79% of the company’s stock.

Analysts Set New Price Targets

JPM has been the subject of a number of analyst reports. Bank of America raised their price objective on shares of JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a report on Tuesday, January 7th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a report on Friday, January 3rd. Piper Sandler increased their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the stock an “overweight” rating in a report on Tuesday, December 3rd. Baird R W raised JPMorgan Chase & Co. from a “strong sell” rating to a “hold” rating in a research note on Friday, March 7th. Finally, Keefe, Bruyette & Woods increased their price objective on JPMorgan Chase & Co. from $257.00 to $264.00 and gave the stock a “market perform” rating in a research note on Thursday, January 16th. Ten equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $252.89.

JPMorgan Chase & Co. Company Profile

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.