Horizon Wealth Management LLC Trims Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Horizon Wealth Management LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,341 shares of the financial services provider’s stock after selling 127 shares during the quarter. JPMorgan Chase & Co. comprises 0.2% of Horizon Wealth Management LLC’s holdings, making the stock its 29th largest position. Horizon Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $1,280,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Eagle Capital Management LLC raised its position in JPMorgan Chase & Co. by 0.4% during 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 in the last quarter. Fiera Capital Corp raised its position in JPMorgan Chase & Co. by 1.7% during 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 in the last quarter. Andra AP fonden raised its position in JPMorgan Chase & Co. by 82.2% during the second quarter. Andra AP fonden now owns 270,000 shares of the financial services provider’s stock valued at $54,610,000 after acquiring an additional 121,800 shares in the last quarter. Hutchinson Capital Management CA raised its position in JPMorgan Chase & Co. by 143.5% during the second quarter. Hutchinson Capital Management CA now owns 5,089 shares of the financial services provider’s stock valued at $1,029,000 after acquiring an additional 2,999 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its position in JPMorgan Chase & Co. by 13.5% during the second quarter. Daiwa Securities Group Inc. now owns 420,057 shares of the financial services provider’s stock valued at $84,961,000 after acquiring an additional 49,937 shares in the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on JPM shares. Bank of America lifted their price target on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the company a “buy” rating in a research report on Tuesday, January 7th. Wolfe Research upgraded JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a research report on Friday, January 3rd. Morgan Stanley cut JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $220.00 to $224.00 in a research report on Monday, September 30th. Piper Sandler boosted 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, Evercore ISI boosted their price objective on JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $245.83.

JPMorgan Chase & Co. Stock Performance

NYSE JPM opened at $244.25 on Tuesday. The stock’s fifty day moving average is $242.08 and its two-hundred day moving average is $223.20. The firm has a market capitalization of $687.65 billion, a P/E ratio of 13.59, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. 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. has a fifty-two week low of $164.30 and a fifty-two week high of $254.31.

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 for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. The company had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.33 earnings per share. On average, research analysts anticipate that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Monday, January 6th will be paid a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

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.