JPMorgan Chase & Co. (NYSE:JPM) Shares Acquired by Aprio Wealth Management LLC

Aprio Wealth Management LLC increased its position in JPMorgan Chase & Co. (NYSE:JPM) by 8.6% in the fourth quarter, Holdings Channel reports. The firm owned 15,545 shares of the financial services provider’s stock after purchasing an additional 1,230 shares during the quarter. Aprio Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $3,726,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of JPM. Eagle Capital Management LLC boosted its stake in 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 valued at $4,423,000 after acquiring an additional 84 shares during the period. Fiera Capital Corp boosted its stake in JPMorgan Chase & Co. by 1.7% in the second quarter. Fiera Capital Corp now owns 3,738 shares of the financial services provider’s stock valued at $756,000 after acquiring an additional 63 shares during the period. Invera Wealth Advisors LLC boosted its stake in JPMorgan Chase & Co. by 1.5% in the second quarter. Invera Wealth Advisors LLC now owns 26,997 shares of the financial services provider’s stock valued at $5,601,000 after acquiring an additional 400 shares during the period. Ashton Thomas Private Wealth LLC boosted its stake in JPMorgan Chase & Co. by 0.6% in the second quarter. Ashton Thomas Private Wealth LLC now owns 76,632 shares of the financial services provider’s stock valued at $15,500,000 after acquiring an additional 466 shares during the period. Finally, Fiduciary Planning LLC boosted its stake in JPMorgan Chase & Co. by 1.2% in the second quarter. Fiduciary Planning LLC now owns 4,636 shares of the financial services provider’s stock valued at $938,000 after acquiring an additional 55 shares during the period. 71.55% of the stock is currently owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Trading Down 1.3 %

NYSE JPM opened at $240.02 on Monday. JPMorgan Chase & Co. has a twelve month low of $164.30 and a twelve month high of $254.31. 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 stock has a market cap of $675.74 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 3.54 and a beta of 1.11. The firm’s 50 day moving average price is $241.59 and its two-hundred day moving average price is $222.88.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings data 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 net margin of 19.64% and a return on equity of 16.71%. The firm had revenue of $43.32 billion for the quarter, compared to analysts’ expectations of $41.43 billion. During the same period in the previous year, the company posted $4.33 EPS. The company’s quarterly revenue was up 6.5% compared to the same quarter last year. Equities analysts anticipate that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 27.82%.

Analyst Ratings Changes

JPM has been the topic of a number of recent analyst reports. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Keefe, Bruyette & Woods lifted their price target on JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a “market perform” rating in a report on Tuesday, December 3rd. Barclays lifted their price target on JPMorgan Chase & Co. from $257.00 to $304.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Truist Financial initiated coverage on JPMorgan Chase & Co. in a report on Tuesday, January 7th. They set a “hold” rating and a $260.00 price target on the stock. Finally, Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and a consensus target price of $245.83.

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.