Financial Planning & Information Services Inc. Decreases Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)


Financial Planning & Information Services Inc. reduced its stake in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 0.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC) . The fund owned 17,752 shares of the financial services provider’s stock after selling 142 shares during the quarter. Financial Planning & Information Services Inc.’s holdings in JPMorgan Chase & Co. were worth $2,811,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Woodward Diversified Capital LLC lifted its holdings in JPMorgan Chase & Co. by 0.7% during the 3rd quarter. Woodward Diversified Capital LLC now owns 9,357 shares of the financial services provider’s stock worth $1,532,000 after buying an additional 62 shares during the last quarter. Pasadena Private Wealth LLC lifted its holdings in JPMorgan Chase & Co. by 1.0% during the 3rd quarter. Pasadena Private Wealth LLC now owns 6,678 shares of the financial services provider’s stock worth $1,093,000 after buying an additional 66 shares during the last quarter. QP Wealth Management LLC lifted its holdings in JPMorgan Chase & Co. by 0.9% during the 4th quarter. QP Wealth Management LLC now owns 7,700 shares of the financial services provider’s stock worth $1,219,000 after buying an additional 67 shares during the last quarter. Breiter Capital Management Inc. lifted its holdings in JPMorgan Chase & Co. by 0.6% during the 4th quarter. Breiter Capital Management Inc. now owns 10,844 shares of the financial services provider’s stock worth $1,717,000 after buying an additional 67 shares during the last quarter. Finally, Lokken Investment Group LLC lifted its holdings in JPMorgan Chase & Co. by 4.4% during the 3rd quarter. Lokken Investment Group LLC now owns 1,617 shares of the financial services provider’s stock worth $265,000 after buying an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 69.39% of the company’s stock.

NYSE JPM opened at $133.49 on Monday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 1.16. The business’s 50 day moving average is $142.33 and its two-hundred day moving average is $155.37. JPMorgan Chase & Co. has a 12-month low of $127.27 and a 12-month high of $172.96. The stock has a market capitalization of $392.43 billion, a price-to-earnings ratio of 8.70, a PEG ratio of 2.42 and a beta of 1.11.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its earnings results on Friday, January 14th. The financial services provider reported $3.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.98 by $0.35. JPMorgan Chase & Co. had a return on equity of 19.01% and a net margin of 38.00%. The company had revenue of $29.26 billion for the quarter, compared to analysts’ expectations of $29.78 billion. During the same quarter in the previous year, the firm posted $3.79 EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. Equities analysts forecast that JPMorgan Chase & Co. will post 11.03 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, April 30th. Shareholders of record on Wednesday, April 6th will be given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.00%. The ex-dividend date is Tuesday, April 5th. JPMorgan Chase & Co.’s payout ratio is 26.06%.

JPM has been the subject of a number of recent analyst reports. UBS Group set a $197.00 price target on JPMorgan Chase & Co. in a report on Wednesday, March 2nd. Citigroup reduced their target price on JPMorgan Chase & Co. from $188.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, January 18th. Piper Sandler reduced their target price on JPMorgan Chase & Co. from $187.00 to $165.00 and set an “overweight” rating for the company in a report on Tuesday, April 5th. Morgan Stanley reduced their target price on JPMorgan Chase & Co. from $170.00 to $161.00 and set an “underweight” rating for the company in a report on Monday, March 28th. Finally, Wells Fargo & Company reduced their target price on JPMorgan Chase & Co. from $180.00 to $150.00 and set an “equal weight” rating for the company in a report on Monday, April 4th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $166.67.

JPMorgan Chase & Co. Company Profile (Get Rating)

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 s deposit, investment and lending products, payments, and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, auto loan, and leasing services.

See Also

Institutional Ownership by Quarter for JPMorgan Chase & Co. (NYSE:JPM)



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