JPMorgan Chase & Co. (NYSE:JPM) Stock Position Cut by Ables Iannone Moore & Associates Inc.

Ables Iannone Moore & Associates Inc. decreased its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 0.4% in the 4th quarter, HoldingsChannel reports. The firm owned 25,675 shares of the financial services provider’s stock after selling 103 shares during the quarter. JPMorgan Chase & Co. makes up 3.8% of Ables Iannone Moore & Associates Inc.’s holdings, making the stock its 8th biggest holding. Ables Iannone Moore & Associates Inc.’s holdings in JPMorgan Chase & Co. were worth $6,155,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Mizuho Securities Co. Ltd. purchased a new position in shares of JPMorgan Chase & Co. in the 3rd quarter valued at about $25,000. Catalyst Capital Advisors LLC acquired a new position in JPMorgan Chase & Co. during the 3rd quarter worth approximately $27,000. Fairway Wealth LLC purchased a new stake in shares of JPMorgan Chase & Co. in 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 $37,000. Finally, New England Capital Financial Advisors LLC boosted its position in shares of JPMorgan Chase & Co. by 38.5% during 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 in the last quarter. 71.55% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods raised their price objective on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a “market perform” rating in a report on Tuesday, December 3rd. Piper Sandler boosted their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a 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. Finally, Wells Fargo & Company increased their price objective on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $242.81.

JPMorgan Chase & Co. Price Performance

Shares of JPM stock traded down $1.09 during trading hours on Monday, hitting $240.94. The company’s stock had a trading volume of 9,813,595 shares, compared to its average volume of 8,717,260. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a twelve month low of $164.30 and a twelve month high of $254.31. The stock has a market cap of $678.33 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 3.54 and a beta of 1.11. The business has a fifty day moving average of $239.74 and a 200-day moving average of $221.33.

JPMorgan Chase & Co. (NYSE:JPM) last released 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 company had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter last year, the business posted $4.33 earnings per share. JPMorgan Chase & Co.’s revenue was up 6.5% compared to the same quarter last year. As a group, equities research analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Monday, January 6th will be paid a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 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.