TrueWealth Advisors LLC Sells 1,373 Shares of JPMorgan Chase & Co. (NYSE:JPM)

TrueWealth Advisors LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 21.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,090 shares of the financial services provider’s stock after selling 1,373 shares during the period. TrueWealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $1,220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Eagle Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 0.4% in the second quarter. Eagle Capital Management LLC now owns 21,867 shares of the financial services provider’s stock worth $4,423,000 after purchasing an additional 84 shares during the last quarter. Fiera Capital Corp increased its stake in JPMorgan Chase & Co. by 1.7% in the 2nd quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock worth $756,000 after acquiring an additional 63 shares during the last quarter. Alpha Financial Partners LLC raised its holdings in shares of JPMorgan Chase & Co. by 9.4% during the 2nd quarter. Alpha Financial Partners LLC now owns 2,986 shares of the financial services provider’s stock worth $604,000 after acquiring an additional 257 shares in the last quarter. DHK Financial Advisors Inc. bought a new position in shares of JPMorgan Chase & Co. during the 2nd quarter valued at approximately $585,000. Finally, Madison Wealth Partners Inc grew its holdings in shares of JPMorgan Chase & Co. by 1.9% in the second quarter. Madison Wealth Partners Inc now owns 7,804 shares of the financial services provider’s stock valued at $1,579,000 after purchasing an additional 149 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

Insider Transactions at JPMorgan Chase & Co.

In related news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total value of $838,763.82. Following the completion of the transaction, the general counsel now owns 47,620 shares of the company’s stock, valued at $12,092,622.80. The trade was a 6.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. 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 note on Friday, January 3rd. Piper Sandler upped their target price on shares of JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Oppenheimer lowered JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Citigroup raised their price objective 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. Finally, Daiwa Capital Markets dropped their target price on JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Two 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’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $251.78.

JPMorgan Chase & Co. Trading Up 2.0 %

JPM opened at $259.46 on Monday. 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 stock’s fifty day moving average is $243.50 and its two-hundred day moving average is $224.41. The company has a market capitalization of $730.47 billion, a P/E ratio of 14.44, a PEG ratio of 3.16 and a beta of 1.11. JPMorgan Chase & Co. has a 52 week low of $165.24 and a 52 week high of $260.62.

JPMorgan Chase & Co. (NYSE:JPM) last announced its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 EPS for the quarter, beating the consensus estimate of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. During the same quarter last year, the firm posted $3.04 earnings per share. Analysts forecast that JPMorgan Chase & Co. will post 17.46 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 of this dividend is Monday, January 6th. This represents a $5.00 annualized dividend and a dividend yield of 1.93%. JPMorgan Chase & Co.’s dividend payout ratio is currently 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.