MinichMacGregor Wealth Management LLC Has $545,000 Position in JPMorgan Chase & Co. (NYSE:JPM)

MinichMacGregor Wealth Management LLC boosted its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,443 shares of the financial services provider’s stock after buying an additional 92 shares during the quarter. MinichMacGregor Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $545,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nordea Investment Management AB lifted its holdings in shares of JPMorgan Chase & Co. by 99.2% during the 3rd quarter. Nordea Investment Management AB now owns 9,658,886 shares of the financial services provider’s stock worth $1,597,194,000 after acquiring an additional 4,810,319 shares during the period. Capital World Investors lifted its stake in shares of JPMorgan Chase & Co. by 3.9% in the third quarter. Capital World Investors now owns 74,302,154 shares of the financial services provider’s stock valued at $12,162,752,000 after buying an additional 2,764,341 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of JPMorgan Chase & Co. by 13.4% during the third quarter. Franklin Resources Inc. now owns 15,516,265 shares of the financial services provider’s stock valued at $2,539,859,000 after purchasing an additional 1,827,675 shares in the last quarter. Altshuler Shaham Ltd raised its position in JPMorgan Chase & Co. by 4,144,969.8% in the third quarter. Altshuler Shaham Ltd now owns 1,782,380 shares of the financial services provider’s stock worth $329,233,000 after acquiring an additional 1,782,337 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of JPMorgan Chase & Co. by 5.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 33,544,890 shares of the financial services provider’s stock worth $5,490,964,000 after purchasing an additional 1,622,530 shares in the last quarter. 69.39% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:JPM traded down $3.05 on Friday, hitting $128.81. 1,048,963 shares of the company’s stock were exchanged, compared to its average volume of 17,799,125. 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 $380.35 billion, a price-to-earnings ratio of 8.54, a price-to-earnings-growth ratio of 2.31 and a beta of 1.13. The business’s 50 day simple moving average is $150.93 and its two-hundred day simple moving average is $158.72. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.83 and a quick ratio of 0.83.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its quarterly earnings data on Friday, January 14th. The financial services provider reported $3.33 earnings per share for the quarter, beating the 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 firm had revenue of $29.26 billion during the quarter, compared to the consensus estimate of $29.78 billion. During the same period in the previous year, the company posted $3.79 earnings per share. The firm’s quarterly revenue was down .3% on a year-over-year basis. Equities analysts forecast that JPMorgan Chase & Co. will post 11.12 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, January 31st. Investors of record on Thursday, January 6th were given a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Wednesday, January 5th. JPMorgan Chase & Co.’s payout ratio is 26.06%.

Several brokerages have issued reports on JPM. Wells Fargo & Company lowered shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating in a research report on Friday, January 14th. UBS Group set a $197.00 price objective on shares of JPMorgan Chase & Co. in a report on Wednesday, March 2nd. The Goldman Sachs Group set a $194.00 price objective on shares of JPMorgan Chase & Co. in a research report on Friday, January 14th. Piper Sandler reduced their target price on shares of JPMorgan Chase & Co. from $192.00 to $187.00 in a research report on Tuesday, January 18th. Finally, Citigroup cut their price objective on shares of JPMorgan Chase & Co. from $188.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 18th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $173.47.

JPMorgan Chase & Co. Company Profile (Get Rating)

JPMorgan Chase & Co is a financial holding company. It provides financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.

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