San Luis Wealth Advisors LLC Sells 1,026 Shares of JPMorgan Chase & Co. (NYSE:JPM)

San Luis Wealth Advisors LLC decreased its stake in JPMorgan Chase & Co. (NYSE:JPM) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,527 shares of the financial services provider’s stock after selling 1,026 shares during the period. JPMorgan Chase & Co. accounts for approximately 0.9% of San Luis Wealth Advisors LLC’s holdings, making the stock its 27th largest position. San Luis Wealth Advisors LLC’s holdings in JPMorgan Chase & Co. were worth $4,921,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of JPM. Fifth Third Wealth Advisors LLC boosted its position in JPMorgan Chase & Co. by 8.4% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 97,908 shares of the financial services provider’s stock valued at $23,470,000 after purchasing an additional 7,620 shares during the last quarter. Floyd Financial Group LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth approximately $1,273,000. R.H. Investment Group LLC acquired a new stake in shares of JPMorgan Chase & Co. in the 4th quarter valued at approximately $1,771,000. Pines Wealth Management LLC bought a new position in shares of JPMorgan Chase & Co. in the fourth quarter valued at $4,795,000. Finally, Sovereign Financial Group Inc. increased its holdings in JPMorgan Chase & Co. by 11.9% during the fourth quarter. Sovereign Financial Group Inc. now owns 6,255 shares of the financial services provider’s stock worth $1,499,000 after buying an additional 667 shares during the last quarter. Institutional investors and hedge funds own 71.55% of the company’s stock.

JPMorgan Chase & Co. Price Performance

Shares of JPMorgan Chase & Co. stock opened at $252.22 on Thursday. 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 has a market capitalization of $710.09 billion, a price-to-earnings ratio of 14.04, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. JPMorgan Chase & Co. has a twelve month low of $164.30 and a twelve month high of $254.31. The company has a 50-day simple moving average of $242.60 and a two-hundred day simple moving average of $223.51.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating analysts’ consensus estimates of $4.03 by $0.78. The company had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period in the previous year, the business earned $3.04 earnings per share. Analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be given a dividend of $1.25 per share. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.98%. JPMorgan Chase & Co.’s payout ratio is 27.82%.

Analyst Ratings Changes

JPM has been the subject of a number of recent analyst reports. Evercore ISI increased their price target on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Morgan Stanley downgraded shares of JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their target price for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Truist Financial initiated coverage on JPMorgan Chase & Co. in a research report on Tuesday, January 7th. They set a “hold” rating and a $260.00 price target on the stock. Piper Sandler raised their price objective on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Finally, Baird R W lowered JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus 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.