Grassi Investment Management Sells 873 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Grassi Investment Management decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,585 shares of the financial services provider’s stock after selling 873 shares during the period. JPMorgan Chase & Co. makes up about 2.2% of Grassi Investment Management’s holdings, making the stock its 9th biggest position. Grassi Investment Management’s holdings in JPMorgan Chase & Co. were worth $25,310,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JCIC Asset Management Inc. grew its holdings in shares of JPMorgan Chase & Co. by 1.6% in the 4th quarter. JCIC Asset Management Inc. now owns 66,946 shares of the financial services provider’s stock worth $16,048,000 after acquiring an additional 1,030 shares during the period. Clean Yield Group grew its holdings in shares of JPMorgan Chase & Co. by 13.7% in the 4th quarter. Clean Yield Group now owns 1,954 shares of the financial services provider’s stock worth $468,000 after acquiring an additional 236 shares during the period. Forza Wealth Management LLC grew its holdings in shares of JPMorgan Chase & Co. by 0.3% in the 4th quarter. Forza Wealth Management LLC now owns 17,803 shares of the financial services provider’s stock worth $4,268,000 after acquiring an additional 57 shares during the period. Accelerate Investment Advisors LLC grew its holdings 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 worth $488,000 after acquiring an additional 948 shares during the period. Finally, Cooper Financial Group grew its holdings in shares of JPMorgan Chase & Co. by 11.6% in the 4th 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 during the period. Institutional investors and hedge funds own 71.55% of the company’s stock.

Wall Street Analysts Forecast Growth

JPM has been the topic of a number of research reports. Truist Financial initiated coverage on JPMorgan Chase & Co. in a report on Tuesday, January 7th. They issued a “hold” rating and a $260.00 price target on the stock. Baird R W cut JPMorgan Chase & Co. from a “hold” rating to a “strong sell” rating in a report on Thursday, November 7th. Barclays increased their target price on JPMorgan Chase & Co. from $257.00 to $304.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Piper Sandler increased their target price on JPMorgan Chase & Co. from $240.00 to $275.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Finally, Robert W. Baird cut JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price on the stock. in a report 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 company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $245.83.

JPMorgan Chase & Co. Trading Up 1.8 %

Shares of JPM opened at $244.25 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.27. The firm has a market capitalization 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 stock’s fifty day simple moving average is $242.08 and its 200 day simple moving average is $223.20. JPMorgan Chase & Co. has a twelve month low of $164.30 and a twelve month high of $254.31.

JPMorgan Chase & Co. (NYSE:JPM) last issued its earnings results on Friday, October 11th. The financial services provider reported $4.37 earnings per share for the quarter, topping the consensus estimate of $4.02 by $0.35. The business had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. JPMorgan Chase & Co. had a return on equity of 16.71% and a net margin of 19.64%. The business’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company posted $4.33 EPS. On average, equities research analysts forecast that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Dividend Announcement

The business also recently declared 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 annualized dividend and a yield of 2.05%. JPMorgan Chase & Co.’s dividend payout ratio is currently 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.