Redhawk Wealth Advisors Inc. Sells 121 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Redhawk Wealth Advisors Inc. reduced its stake in JPMorgan Chase & Co. (NYSE:JPM) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,725 shares of the financial services provider’s stock after selling 121 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in JPMorgan Chase & Co. were worth $2,331,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of JPM. Websterrogers Financial Advisors LLC bought a new stake in shares of JPMorgan Chase & Co. in the fourth quarter worth about $275,000. Roble Belko & Company Inc grew its holdings in JPMorgan Chase & Co. by 28.0% during the 4th quarter. Roble Belko & Company Inc now owns 2,286 shares of the financial services provider’s stock valued at $548,000 after buying an additional 500 shares in the last quarter. Armstrong Advisory Group Inc. grew its holdings in JPMorgan Chase & Co. by 13.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 4,644 shares of the financial services provider’s stock valued at $1,113,000 after buying an additional 549 shares in the last quarter. Rockingstone Advisors LLC increased its stake in JPMorgan Chase & Co. by 1.3% in the 4th quarter. Rockingstone Advisors LLC now owns 14,447 shares of the financial services provider’s stock worth $3,463,000 after acquiring an additional 183 shares during the last quarter. Finally, Cliftonlarsonallen Wealth Advisors LLC raised its holdings in shares of JPMorgan Chase & Co. by 0.7% during the 4th quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 11,873 shares of the financial services provider’s stock worth $2,846,000 after acquiring an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 71.55% of the company’s stock.

JPMorgan Chase & Co. Trading Up 0.7 %

Shares of JPM opened at $254.15 on Friday. The firm has a market capitalization of $715.53 billion, a price-to-earnings ratio of 14.14, a PEG ratio of 3.16 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 1-year low of $165.24 and a 1-year high of $257.04. The company has a 50-day moving average of $242.70 and a 200 day moving average of $223.72.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share for the quarter, beating the consensus estimate of $4.03 by $0.78. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm had revenue of $42.77 billion during the quarter, compared to the consensus estimate of $41.90 billion. During the same quarter in the previous year, the firm posted $3.04 earnings per share. The company’s revenue was up 10.9% on a year-over-year basis. On average, research analysts expect that JPMorgan Chase & Co. will post 17.46 EPS for the current year.

JPMorgan Chase & Co. Dividend Announcement

The company also recently declared 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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 27.82%.

Insider Activity

In other JPMorgan Chase & Co. news, General Counsel Stacey Friedman sold 3,303 shares of the firm’s stock in a transaction dated Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the transaction, the general counsel now owns 47,620 shares of the company’s stock, valued at approximately $12,092,622.80. This trade represents a 6.49 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Evercore ISI raised their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the company an “outperform” rating in a report on Monday, October 14th. Wells Fargo & Company boosted their target price on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Truist Financial increased their price target on shares of JPMorgan Chase & Co. from $260.00 to $268.00 and gave the company a “hold” rating in a report on Thursday. Oppenheimer cut JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 20th. Finally, Morgan Stanley lowered JPMorgan Chase & Co. from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $220.00 to $224.00 in a research note on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $251.78.

JPMorgan Chase & Co. Company 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.