Fulcrum Capital LLC Sells 269 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Fulcrum Capital LLC reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 0.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 50,670 shares of the financial services provider’s stock after selling 269 shares during the quarter. JPMorgan Chase & Co. comprises 2.5% of Fulcrum Capital LLC’s holdings, making the stock its 9th largest holding. Fulcrum Capital LLC’s holdings in JPMorgan Chase & Co. were worth $12,146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. JCIC Asset Management Inc. lifted its stake in JPMorgan Chase & Co. by 1.6% in the fourth quarter. JCIC Asset Management Inc. now owns 66,946 shares of the financial services provider’s stock valued at $16,048,000 after buying an additional 1,030 shares during the period. Clean Yield Group lifted its stake in JPMorgan Chase & Co. by 13.7% in the fourth quarter. Clean Yield Group now owns 1,954 shares of the financial services provider’s stock valued at $468,000 after buying an additional 236 shares during the period. Forza Wealth Management LLC lifted its stake in JPMorgan Chase & Co. by 0.3% in the fourth quarter. Forza Wealth Management LLC now owns 17,803 shares of the financial services provider’s stock valued at $4,268,000 after buying an additional 57 shares during the period. Accelerate Investment Advisors LLC lifted its stake in JPMorgan Chase & Co. by 87.3% in the fourth quarter. Accelerate Investment Advisors LLC now owns 2,034 shares of the financial services provider’s stock valued at $488,000 after buying an additional 948 shares during the period. Finally, Cooper Financial Group lifted its stake in JPMorgan Chase & Co. by 11.6% in the fourth quarter. Cooper Financial Group now owns 8,201 shares of the financial services provider’s stock valued at $1,966,000 after buying an additional 850 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Up 1.8 %

Shares of NYSE:JPM opened at $244.25 on Tuesday. The company has a market capitalization of $687.65 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The business has a fifty day moving average price of $242.08 and a two-hundred day moving average price of $223.20. JPMorgan Chase & Co. has a 1 year low of $164.30 and a 1 year high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same quarter in the prior year, the firm earned $4.33 EPS. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. Analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be given a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.05%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.82%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on JPM shares. Royal Bank of Canada boosted their price target on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $220.00 to $224.00 in a research report on Monday, September 30th. Evercore ISI upped their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Finally, Wolfe Research raised 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 report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $245.83.

About JPMorgan Chase & Co.

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.