O Brien Wealth Partners LLC Lowers Stock Position in JPMorgan Chase & Co. (NYSE:JPM)

O Brien Wealth Partners LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 23.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 906 shares of the financial services provider’s stock after selling 273 shares during the period. O Brien Wealth Partners LLC’s holdings in JPMorgan Chase & Co. were worth $121,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Retirement Financial Solutions LLC purchased a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $26,000. Creative Capital Management Investments LLC acquired a new position in JPMorgan Chase & Co. in the 4th quarter valued at $30,000. Capital Directions Investment Advisors LLC purchased a new position in JPMorgan Chase & Co. during the 4th quarter worth $44,000. Bellwether Advisors LLC lifted its stake in shares of JPMorgan Chase & Co. by 119.1% in the 3rd quarter. Bellwether Advisors LLC now owns 493 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 268 shares during the period. Finally, Delos Wealth Advisors LLC boosted its holdings in shares of JPMorgan Chase & Co. by 24.4% in the third quarter. Delos Wealth Advisors LLC now owns 505 shares of the financial services provider’s stock valued at $53,000 after acquiring an additional 99 shares in the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on JPM shares. Piper Sandler raised their price objective on shares of JPMorgan Chase & Co. from $147.00 to $151.00 and gave the company an “overweight” rating in a research report on Monday, April 17th. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $131.00 to $155.00 and gave the stock a “market perform” rating in a report on Monday, April 17th. Wells Fargo & Company raised their target price on JPMorgan Chase & Co. from $155.00 to $165.00 and gave the company an “overweight” rating in a report on Monday, April 17th. Royal Bank of Canada lowered their price target on shares of JPMorgan Chase & Co. from $150.00 to $132.00 and set an “outperform” rating on the stock in a research note on Friday, March 24th. Finally, Barclays reduced their price objective on shares of JPMorgan Chase & Co. from $189.00 to $179.00 and set an “overweight” rating for the company in a research note on Wednesday, April 12th. Six investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, JPMorgan Chase & Co. currently has an average rating of “Moderate Buy” and a consensus price target of $157.65.

JPMorgan Chase & Co. Price Performance

Shares of JPM traded up $1.41 during trading hours on Friday, reaching $137.08. 3,151,908 shares of the company traded hands, compared to its average volume of 12,762,219. The stock has a market capitalization of $400.59 billion, a PE ratio of 10.01, a price-to-earnings-growth ratio of 1.89 and a beta of 1.10. The stock has a fifty day simple moving average of $133.88 and a 200 day simple moving average of $135.60. JPMorgan Chase & Co. has a fifty-two week low of $101.28 and a fifty-two week high of $144.34. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.07.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its earnings results on Friday, April 14th. The financial services provider reported $4.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.41 by $0.69. The company had revenue of $38.35 billion for the quarter, compared to analyst estimates of $35.77 billion. JPMorgan Chase & Co. had a net margin of 23.73% and a return on equity of 16.02%. The firm’s quarterly revenue was up 24.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.63 EPS. As a group, research analysts predict that JPMorgan Chase & Co. will post 14.33 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 31st. Stockholders of record on Thursday, July 6th will be issued a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 2.92%. The ex-dividend date of this dividend is Wednesday, July 5th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is 29.52%.

Insider Activity

In related news, Vice Chairman Peter Scher sold 1,240 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $135.02, for a total transaction of $167,424.80. Following the transaction, the insider now directly owns 45,056 shares in the company, valued at $6,083,461.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Douglas B. Petno sold 4,932 shares of the company’s stock in a transaction on Monday, May 15th. The stock was sold at an average price of $134.90, for a total transaction of $665,326.80. Following the completion of the sale, the chief executive officer now directly owns 282,091 shares in the company, valued at approximately $38,054,075.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Vice Chairman Peter Scher sold 1,240 shares of JPMorgan Chase & Co. stock in a transaction on Monday, May 15th. The shares were sold at an average price of $135.02, for a total value of $167,424.80. Following the completion of the transaction, the insider now owns 45,056 shares in the company, valued at approximately $6,083,461.12. The disclosure for this sale can be found here. Insiders sold a total of 136,578 shares of company stock valued at $18,543,247 over the last quarter. Company insiders own 0.79% of the company’s stock.

JPMorgan Chase & Co. 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.