Sivia Capital Partners LLC Sells 178 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Sivia Capital Partners LLC lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.6% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 6,716 shares of the financial services provider’s stock after selling 178 shares during the period. JPMorgan Chase & Co. accounts for about 0.8% of Sivia Capital Partners LLC’s investment portfolio, making the stock its 20th biggest holding. Sivia Capital Partners LLC’s holdings in JPMorgan Chase & Co. were worth $1,610,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Enterprise Bank & Trust Co grew its holdings in JPMorgan Chase & Co. by 0.9% during the fourth quarter. Enterprise Bank & Trust Co now owns 29,547 shares of the financial services provider’s stock valued at $7,083,000 after purchasing an additional 277 shares during the period. JCIC Asset Management Inc. grew its holdings in JPMorgan Chase & Co. by 1.6% during 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 purchasing an additional 1,030 shares during the period. Clean Yield Group boosted its stake in shares of 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 worth $468,000 after acquiring an additional 236 shares during the period. Forza Wealth Management LLC boosted its stake in shares of 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 worth $4,268,000 after acquiring an additional 57 shares during the period. Finally, Accelerate Investment Advisors LLC boosted its stake in shares of 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 worth $488,000 after acquiring an additional 948 shares during the period. Institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 1.8 %

Shares of JPM stock opened at $244.25 on Tuesday. JPMorgan Chase & Co. has a 1 year low of $164.30 and a 1 year 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 stock’s 50 day simple moving average is $242.08 and its two-hundred day simple moving average is $223.20. The company has a market cap 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.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $41.43 billion. During the same period in the prior year, the business posted $4.33 earnings per share. The company’s revenue for the quarter was up 6.5% on a year-over-year basis. Research analysts predict that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JPM. Truist Financial began coverage on JPMorgan Chase & Co. in a research note on Tuesday, January 7th. They issued a “hold” rating and a $260.00 price objective for the company. Keefe, Bruyette & Woods upped their price objective on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 3rd. Daiwa Capital Markets dropped their price objective on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a research note on Thursday, October 10th. Barclays upped their price objective on JPMorgan Chase & Co. from $257.00 to $304.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Finally, Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.