TPG Financial Advisors LLC Reduces Position in JPMorgan Chase & Co. (NYSE:JPM)

TPG Financial Advisors LLC reduced its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 4.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,149 shares of the financial services provider’s stock after selling 55 shares during the period. TPG Financial Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Marcum Wealth LLC grew its holdings in JPMorgan Chase & Co. by 1.8% in the 4th quarter. Marcum Wealth LLC now owns 35,185 shares of the financial services provider’s stock valued at $8,434,000 after buying an additional 628 shares in the last quarter. Traveka Wealth LLC boosted its position in shares of JPMorgan Chase & Co. by 30.4% during the 4th quarter. Traveka Wealth LLC now owns 6,570 shares of the financial services provider’s stock valued at $1,575,000 after acquiring an additional 1,532 shares during the last quarter. CHB Investment Group LLC acquired a new position in shares of JPMorgan Chase & Co. during the 4th quarter valued at about $210,000. BCS Wealth Management grew its holdings in shares of JPMorgan Chase & Co. by 2.0% in the fourth quarter. BCS Wealth Management now owns 3,168 shares of the financial services provider’s stock valued at $759,000 after purchasing an additional 62 shares during the period. Finally, Granite Bay Wealth Management LLC increased its position in JPMorgan Chase & Co. by 2.3% during the fourth quarter. Granite Bay Wealth Management LLC now owns 26,518 shares of the financial services provider’s stock worth $6,357,000 after purchasing an additional 588 shares during the last quarter. 71.55% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. Morgan Stanley lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $220.00 to $224.00 in a report on Monday, September 30th. Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target on the stock in a research report on Friday, January 3rd. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Evercore ISI raised their target price on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research note on Monday, October 14th. Finally, Citigroup upped their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, JPMorgan Chase & Co. has a consensus rating of “Hold” and an average price target of $245.83.

JPMorgan Chase & Co. Trading Up 1.3 %

NYSE JPM opened at $247.35 on Wednesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $696.37 billion, a price-to-earnings ratio of 13.76, a PEG ratio of 3.54 and a beta of 1.11. The firm has a 50 day simple moving average of $242.60 and a 200-day simple moving average of $223.51. JPMorgan Chase & Co. has a one year low of $164.30 and a one year high of $254.31.

JPMorgan Chase & Co. Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be given a $1.25 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 annualized dividend and a yield of 2.02%. JPMorgan Chase & Co.’s dividend payout ratio is presently 27.82%.

JPMorgan Chase & Co. Company 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.