JPMorgan Chase & Co. (NYSE:JPM) Shares Sold by Brookstone Capital Management

Brookstone Capital Management trimmed its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,357 shares of the financial services provider’s stock after selling 3,943 shares during the period. Brookstone Capital Management’s holdings in JPMorgan Chase & Co. were worth $20,461,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Fiduciary Alliance LLC grew its holdings in JPMorgan Chase & Co. by 27.2% during the 4th quarter. Fiduciary Alliance LLC now owns 141,701 shares of the financial services provider’s stock worth $33,967,000 after acquiring an additional 30,293 shares in the last quarter. Winthrop Advisory Group LLC grew its holdings in JPMorgan Chase & Co. by 6.6% during the 4th quarter. Winthrop Advisory Group LLC now owns 18,259 shares of the financial services provider’s stock worth $4,377,000 after acquiring an additional 1,124 shares in the last quarter. EWG Elevate Inc. grew its holdings in JPMorgan Chase & Co. by 16.0% during the 4th quarter. EWG Elevate Inc. now owns 1,400 shares of the financial services provider’s stock worth $336,000 after acquiring an additional 193 shares in the last quarter. Matrix Trust Co grew its holdings in JPMorgan Chase & Co. by 0.4% during the 4th quarter. Matrix Trust Co now owns 10,179 shares of the financial services provider’s stock worth $2,440,000 after acquiring an additional 43 shares in the last quarter. Finally, Aprio Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. by 8.6% in the 4th quarter. Aprio Wealth Management LLC now owns 15,545 shares of the financial services provider’s stock valued at $3,726,000 after buying an additional 1,230 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on JPM shares. Keefe, Bruyette & Woods lifted their price target on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a “market perform” rating in a report on Tuesday, December 3rd. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a report on Thursday, November 7th. Royal Bank of Canada lifted their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Barclays lifted their price objective on shares of JPMorgan Chase & Co. from $257.00 to $304.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Finally, Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average target price of $245.83.

JPMorgan Chase & Co. Trading Up 1.3 %

JPMorgan Chase & Co. stock traded up $3.22 during midday trading on Monday, reaching $243.09. The stock had a trading volume of 3,226,251 shares, compared to its average volume of 8,470,073. JPMorgan Chase & Co. has a twelve month low of $164.30 and a twelve month high of $254.31. 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 firm has a market cap of $684.38 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 3.54 and a beta of 1.11. The firm’s fifty day simple moving average is $241.59 and its two-hundred day simple moving average is $222.88.

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

JPMorgan Chase & Co. Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is currently 27.82%.

JPMorgan Chase & Co. 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.