Hennion & Walsh Asset Management Inc. Trims Position in JPMorgan Chase & Co. (NYSE:JPM)

Hennion & Walsh Asset Management Inc. reduced its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 2.2% in the 4th quarter, HoldingsChannel reports. The firm owned 31,281 shares of the financial services provider’s stock after selling 693 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in JPMorgan Chase & Co. were worth $7,498,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Mason & Associates Inc raised its position in JPMorgan Chase & Co. by 17.6% in the fourth quarter. Mason & Associates Inc now owns 7,401 shares of the financial services provider’s stock worth $1,774,000 after acquiring an additional 1,106 shares in the last quarter. Northside Capital Management LLC increased its holdings in shares of JPMorgan Chase & Co. by 3.7% in the 4th quarter. Northside Capital Management LLC now owns 7,000 shares of the financial services provider’s stock valued at $1,678,000 after purchasing an additional 250 shares in the last quarter. Financial Enhancement Group LLC acquired a new stake in shares of JPMorgan Chase & Co. in the fourth quarter valued at about $561,000. West Financial Advisors LLC boosted its holdings in JPMorgan Chase & Co. by 244.6% during the fourth quarter. West Financial Advisors LLC now owns 603 shares of the financial services provider’s stock worth $145,000 after buying an additional 428 shares in the last quarter. Finally, Flywheel Private Wealth LLC acquired a new position in JPMorgan Chase & Co. during the fourth quarter worth about $582,000. Institutional investors and hedge funds own 71.55% of the company’s stock.

Insider Buying and Selling

In other news, General Counsel Stacey Friedman sold 3,303 shares of the business’s stock in a transaction on Thursday, January 16th. The shares were sold at an average price of $253.94, for a total transaction of $838,763.82. Following the completion of the sale, the general counsel now directly owns 47,620 shares of the company’s stock, valued at $12,092,622.80. The trade was a 6.49 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $259.46 on Friday. The stock has a market capitalization of $730.47 billion, a price-to-earnings ratio of 14.44, a price-to-earnings-growth ratio of 3.16 and a beta of 1.11. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.27. JPMorgan Chase & Co. has a 52-week low of $165.24 and a 52-week high of $260.62. The stock’s fifty day simple moving average is $243.06 and its 200-day simple moving average is $223.93.

JPMorgan Chase & Co. (NYSE:JPM) last issued its quarterly earnings results on Wednesday, January 15th. The financial services provider reported $4.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.03 by $0.78. The firm had revenue of $42.77 billion for the quarter, compared to analyst estimates of $41.90 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The firm’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the company earned $3.04 EPS. Equities research analysts expect that JPMorgan Chase & Co. will post 17.46 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. Investors of record on Monday, January 6th will be issued a $1.25 dividend. The ex-dividend date is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a yield of 1.93%. JPMorgan Chase & Co.’s payout ratio is 25.33%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on JPM shares. Barclays boosted their price target on JPMorgan Chase & Co. from $304.00 to $330.00 and gave the stock an “overweight” rating in a research note on Thursday. Bank of America boosted their target price on JPMorgan Chase & Co. from $260.00 to $280.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. Evercore ISI raised their price target 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. Oppenheimer lowered shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Finally, Robert W. Baird cut shares of JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective on the stock. in a research note on Thursday, November 7th. 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 stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $251.78.

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.