Kades & Cheifetz LLC Has $217,000 Stock Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Kades & Cheifetz LLC lowered its stake in shares of JPMorgan Chase & Co. (NYSE:JPM) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 904 shares of the financial services provider’s stock after selling 68 shares during the period. Kades & Cheifetz LLC’s holdings in JPMorgan Chase & Co. were worth $217,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of JPM. Accelerate Investment Advisors LLC grew its stake in shares of JPMorgan Chase & Co. by 87.3% in the 4th quarter. Accelerate Investment Advisors LLC now owns 2,034 shares of the financial services provider’s stock valued at $488,000 after buying an additional 948 shares in the last quarter. Cooper Financial Group grew its position in JPMorgan Chase & Co. by 11.6% in the fourth quarter. Cooper Financial Group now owns 8,201 shares of the financial services provider’s stock worth $1,966,000 after acquiring an additional 850 shares in the last quarter. Cadent Capital Advisors LLC increased its stake in shares of JPMorgan Chase & Co. by 16.2% during the 4th quarter. Cadent Capital Advisors LLC now owns 1,926 shares of the financial services provider’s stock worth $462,000 after purchasing an additional 268 shares during the last quarter. Wedmont Private Capital raised its holdings in shares of JPMorgan Chase & Co. by 11.2% during the 4th quarter. Wedmont Private Capital now owns 40,716 shares of the financial services provider’s stock valued at $9,767,000 after purchasing an additional 4,107 shares in the last quarter. Finally, Fragasso Financial Advisors Inc lifted its stake in shares of JPMorgan Chase & Co. by 2.7% in the 4th quarter. Fragasso Financial Advisors Inc now owns 13,071 shares of the financial services provider’s stock valued at $3,133,000 after purchasing an additional 341 shares during the last quarter. 71.55% of the stock is currently owned by hedge funds and other institutional investors.

JPMorgan Chase & Co. Stock Up 1.8 %

Shares of JPM stock opened at $244.25 on Tuesday. JPMorgan Chase & Co. has a one year low of $164.30 and a one year high of $254.31. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a fifty day moving average price of $242.08 and a 200 day moving average price of $223.20. The stock 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.

JPMorgan Chase & Co. (NYSE:JPM) last released its quarterly earnings data on Friday, October 11th. The financial services provider reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. The company had revenue of $43.32 billion during the quarter, compared to the consensus estimate of $41.43 billion. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period last year, the firm earned $4.33 EPS. Analysts predict 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. Shareholders of record on Monday, January 6th will be paid a dividend of $1.25 per share. This represents a $5.00 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is 27.82%.

Analyst Ratings Changes

Several equities analysts have commented on JPM shares. Evercore ISI increased their target price on shares of JPMorgan Chase & Co. from $217.00 to $230.00 and gave the stock an “outperform” rating in a research report on Monday, October 14th. Royal Bank of Canada raised their price objective on JPMorgan Chase & Co. from $211.00 to $230.00 and gave the company an “outperform” rating in a research note on Monday, October 14th. Truist Financial started coverage on JPMorgan Chase & Co. in a research report on Tuesday, January 7th. They set a “hold” rating and a $260.00 target price for the company. Daiwa Capital Markets dropped their price target on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. Finally, Wolfe Research raised shares of JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective for the company in a report on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $245.83.

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.