Parisi Gray Wealth Management Sells 267 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Parisi Gray Wealth Management reduced its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 26,048 shares of the financial services provider’s stock after selling 267 shares during the quarter. JPMorgan Chase & Co. accounts for about 2.0% of Parisi Gray Wealth Management’s holdings, making the stock its 14th biggest holding. Parisi Gray Wealth Management’s holdings in JPMorgan Chase & Co. were worth $6,244,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Miracle Mile Advisors LLC boosted its stake in shares of JPMorgan Chase & Co. by 57.2% in the 4th quarter. Miracle Mile Advisors LLC now owns 104,595 shares of the financial services provider’s stock valued at $25,073,000 after purchasing an additional 38,078 shares in the last quarter. Elevated Capital Advisors LLC lifted its stake in JPMorgan Chase & Co. by 94.1% in the 4th quarter. Elevated Capital Advisors LLC now owns 5,927 shares of the financial services provider’s stock valued at $1,421,000 after purchasing an additional 2,874 shares during the last quarter. Bar Harbor Wealth Management boosted its position in JPMorgan Chase & Co. by 1.1% in the fourth quarter. Bar Harbor Wealth Management now owns 85,886 shares of the financial services provider’s stock valued at $20,588,000 after buying an additional 916 shares in the last quarter. Consilio Wealth Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 2.5% during the fourth quarter. Consilio Wealth Advisors LLC now owns 3,715 shares of the financial services provider’s stock worth $891,000 after buying an additional 92 shares during the last quarter. Finally, Persium Advisors LLC bought a new position in shares of JPMorgan Chase & Co. in the 4th quarter valued at $831,000. Institutional investors own 71.55% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JPM. Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 price objective on the stock. in a research report on Thursday, November 7th. Baird R W downgraded JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 7th. Royal Bank of Canada lifted their target price on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Wells Fargo & Company upped their price target on shares of JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Finally, Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price target for the company in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $245.83.

JPMorgan Chase & Co. Trading Up 1.8 %

JPM opened at $244.25 on Tuesday. The company has a fifty day moving average price of $242.08 and a two-hundred day moving average price of $223.20. JPMorgan Chase & Co. has a 1-year low of $164.30 and a 1-year high of $254.31. The company has a market cap 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 current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27.

JPMorgan Chase & Co. (NYSE:JPM) last posted its quarterly earnings results 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 business had revenue of $43.32 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the business earned $4.33 EPS. Analysts predict that JPMorgan Chase & Co. will post 17.62 EPS for the current fiscal year.

JPMorgan Chase & Co. Announces Dividend

The company 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. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s payout ratio is 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.