Lynch & Associates IN Sells 696 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Lynch & Associates IN lessened its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 57,274 shares of the financial services provider’s stock after selling 696 shares during the quarter. JPMorgan Chase & Co. comprises about 3.0% of Lynch & Associates IN’s portfolio, making the stock its 6th largest holding. Lynch & Associates IN’s holdings in JPMorgan Chase & Co. were worth $13,729,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Lowe Wealth Advisors LLC increased its holdings in shares of JPMorgan Chase & Co. by 34.0% during the fourth quarter. Lowe Wealth Advisors LLC now owns 201 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 51 shares in the last quarter. HBW Advisory Services LLC boosted its holdings in shares of JPMorgan Chase & Co. by 10.6% in the 4th quarter. HBW Advisory Services LLC now owns 4,925 shares of the financial services provider’s stock worth $1,181,000 after buying an additional 473 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in JPMorgan Chase & Co. by 2.4% during the fourth quarter. Harbor Capital Advisors Inc. now owns 60,290 shares of the financial services provider’s stock worth $14,452,000 after buying an additional 1,429 shares during the last quarter. ST Germain D J Co. Inc. grew its position in shares of JPMorgan Chase & Co. by 0.7% during the 4th quarter. ST Germain D J Co. Inc. now owns 192,444 shares of the financial services provider’s stock valued at $46,131,000 after acquiring an additional 1,282 shares during the period. Finally, Baker Tilly Wealth Management LLC increased its position in JPMorgan Chase & Co. by 4.2% in the fourth quarter. Baker Tilly Wealth Management LLC now owns 11,285 shares of the financial services provider’s stock worth $2,705,000 after buying an additional 459 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 NYSE:JPM traded down $3.11 during trading on Friday, reaching $240.02. The company had a trading volume of 10,203,786 shares, compared to its average volume of 9,361,388. The firm has a market capitalization of $675.74 billion, a PE ratio of 13.36, 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 firm’s fifty day moving average is $241.25 and its 200 day moving average is $222.25. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 earnings per share (EPS) 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 firm had revenue of $43.32 billion during the quarter, compared to analyst estimates of $41.43 billion. During the same period in the prior year, the company posted $4.33 earnings per share. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities analysts forecast that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

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

Analyst Ratings Changes

A number of research firms have recently commented on JPM. Robert W. Baird lowered shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price target for the company. in a research report on Thursday, November 7th. Royal Bank of Canada increased their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Keefe, Bruyette & Woods lifted their price target on shares of 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 shares of JPMorgan Chase & Co. from $257.00 to $304.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Citigroup boosted their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $245.83.

About JPMorgan Chase & Co.

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.