Sugarloaf Wealth Management LLC Sells 2,958 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Sugarloaf Wealth Management LLC decreased its position in shares of JPMorgan Chase & Co. (NYSE:JPM) by 13.5% during the 4th quarter, HoldingsChannel reports. The fund owned 18,886 shares of the financial services provider’s stock after selling 2,958 shares during the period. JPMorgan Chase & Co. comprises approximately 0.8% of Sugarloaf Wealth Management LLC’s portfolio, making the stock its 20th largest holding. Sugarloaf Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $4,527,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in JPMorgan Chase & Co. by 0.9% during the third quarter. Geode Capital Management LLC now owns 58,344,186 shares of the financial services provider’s stock worth $12,258,346,000 after buying an additional 505,830 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of JPMorgan Chase & Co. by 4.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 22,696,963 shares of the financial services provider’s stock valued at $4,590,412,000 after acquiring an additional 1,040,594 shares during the period. Fisher Asset Management LLC raised its stake in shares of JPMorgan Chase & Co. by 31.7% in the third quarter. Fisher Asset Management LLC now owns 16,784,272 shares of the financial services provider’s stock valued at $3,539,132,000 after buying an additional 4,043,841 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of JPMorgan Chase & Co. by 2.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,084,919 shares of the financial services provider’s stock valued at $3,180,806,000 after buying an additional 302,592 shares in the last quarter. Finally, Franklin Resources Inc. grew its holdings in JPMorgan Chase & Co. by 7.2% during the 3rd quarter. Franklin Resources Inc. now owns 15,073,193 shares of the financial services provider’s stock valued at $3,338,955,000 after buying an additional 1,016,289 shares in the last quarter. 71.55% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on JPM. Keefe, Bruyette & Woods upped their price objective on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 3rd. Citigroup boosted their price target on JPMorgan Chase & Co. from $215.00 to $250.00 and gave the company a “neutral” rating in a report on Tuesday, November 19th. Wolfe Research raised JPMorgan Chase & Co. from a “peer perform” rating to an “outperform” rating and set a $269.00 price objective on the stock in a research report on Friday, January 3rd. Baird R W cut shares of JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 7th. Finally, Barclays raised their price target on JPMorgan Chase & Co. from $257.00 to $304.00 and gave the company an “overweight” rating in a report on Monday. 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’s stock. Based on data from MarketBeat, JPMorgan Chase & Co. has an average rating of “Hold” and a consensus target price of $245.83.

JPMorgan Chase & Co. Stock Performance

NYSE JPM traded down $2.79 during trading hours on Friday, hitting $240.34. The company had a trading volume of 6,152,731 shares, compared to its average volume of 8,669,762. The company has a market cap of $676.64 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. The business has a 50 day moving average of $241.25 and a 200-day moving average of $222.25. 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 1-year low of $164.30 and a 1-year 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 EPS for the quarter, topping analysts’ consensus estimates of $4.02 by $0.35. JPMorgan Chase & Co. had a net margin of 19.64% and a return on equity of 16.71%. The firm had revenue of $43.32 billion for the quarter, compared to the consensus estimate of $41.43 billion. During the same quarter in the previous year, the firm earned $4.33 earnings per share. The firm’s revenue was up 6.5% on a year-over-year basis. As a group, equities research analysts expect that JPMorgan Chase & Co. will post 17.62 EPS for the current year.

JPMorgan Chase & Co. Announces Dividend

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 issued a dividend of $1.25 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $5.00 dividend on an annualized basis and a dividend yield of 2.08%. JPMorgan Chase & Co.’s dividend payout ratio (DPR) is presently 27.82%.

About JPMorgan Chase & Co.

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.