Courier Capital LLC Decreases Stake in JPMorgan Chase & Co. (NYSE:JPM)

Courier Capital LLC decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,598 shares of the financial services provider’s stock after selling 7,008 shares during the quarter. JPMorgan Chase & Co. comprises approximately 1.4% of Courier Capital LLC’s portfolio, making the stock its 16th biggest holding. Courier Capital LLC’s holdings in JPMorgan Chase & Co. were worth $20,279,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Mizuho Securities Co. Ltd. acquired a new stake in shares of JPMorgan Chase & Co. in the third quarter valued at about $25,000. Catalyst Capital Advisors LLC purchased a new position in JPMorgan Chase & Co. in the third quarter valued at about $27,000. Fairway Wealth LLC acquired a new stake in shares of JPMorgan Chase & Co. during the 2nd quarter valued at approximately $32,000. West Financial Advisors LLC purchased a new stake in shares of JPMorgan Chase & Co. during the 3rd quarter worth approximately $37,000. Finally, New England Capital Financial Advisors LLC grew its holdings in shares of JPMorgan Chase & Co. by 38.5% in the 3rd quarter. New England Capital Financial Advisors LLC now owns 180 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 50 shares during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on JPM shares. Keefe, Bruyette & Woods boosted their target price on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 3rd. Baird R W lowered shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Wolfe Research upgraded shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 target price for the company in a report on Friday, January 3rd. Oppenheimer downgraded shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Finally, Truist Financial assumed coverage on shares of JPMorgan Chase & Co. in a research note on Tuesday, January 7th. They set a “hold” rating and a $260.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, JPMorgan Chase & Co. presently has a consensus rating of “Hold” and a consensus target price of $245.83.

JPMorgan Chase & Co. Price Performance

JPMorgan Chase & Co. stock opened at $244.25 on Tuesday. The firm has a fifty day moving average of $242.08 and a 200-day moving average of $223.20. JPMorgan Chase & Co. has a 52-week low of $164.30 and a 52-week high of $254.31. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. The firm has a market capitalization of $687.65 billion, a P/E ratio of 13.59, a PEG ratio of 3.54 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, beating the consensus estimate of $4.02 by $0.35. The company had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period last year, the company posted $4.33 earnings per share. As a group, analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently declared 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 annualized dividend and a yield of 2.05%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 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.