Crescent Sterling Ltd. Has $4.22 Million Holdings in JPMorgan Chase & Co. (NYSE:JPM)

Crescent Sterling Ltd. trimmed its holdings in JPMorgan Chase & Co. (NYSE:JPM) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,589 shares of the financial services provider’s stock after selling 701 shares during the quarter. JPMorgan Chase & Co. accounts for about 4.3% of Crescent Sterling Ltd.’s portfolio, making the stock its 4th biggest holding. Crescent Sterling Ltd.’s holdings in JPMorgan Chase & Co. were worth $4,216,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of JPM. EWG Elevate Inc. boosted its stake in JPMorgan Chase & Co. by 16.0% in the 4th quarter. EWG Elevate Inc. now owns 1,400 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 193 shares during the period. Matrix Trust Co lifted its holdings in shares of JPMorgan Chase & Co. by 0.4% in the fourth quarter. Matrix Trust Co now owns 10,179 shares of the financial services provider’s stock valued at $2,440,000 after purchasing an additional 43 shares in the last quarter. Aprio Wealth Management LLC lifted its holdings in shares of JPMorgan Chase & Co. by 8.6% in the fourth quarter. Aprio Wealth Management LLC now owns 15,545 shares of the financial services provider’s stock valued at $3,726,000 after purchasing an additional 1,230 shares in the last quarter. Czech National Bank grew its holdings in shares of JPMorgan Chase & Co. by 5.4% during the fourth quarter. Czech National Bank now owns 610,723 shares of the financial services provider’s stock valued at $146,396,000 after buying an additional 31,238 shares in the last quarter. Finally, RMR Wealth Builders raised its position in JPMorgan Chase & Co. by 4.4% during the fourth quarter. RMR Wealth Builders now owns 33,057 shares of the financial services provider’s stock valued at $7,924,000 after buying an additional 1,382 shares during the period. 71.55% of the stock is owned by institutional investors and hedge funds.

JPMorgan Chase & Co. Stock Performance

Shares of JPM opened at $240.02 on Monday. The company has a market capitalization of $675.74 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 3.54 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.89 and a quick ratio of 0.89. JPMorgan Chase & Co. has a one year low of $164.30 and a one year high of $254.31. The company’s fifty day moving average price is $241.59 and its 200 day moving average price is $222.88.

JPMorgan Chase & Co. (NYSE:JPM) last posted 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 return on equity of 16.71% and a net margin of 19.64%. The business had revenue of $43.32 billion for the quarter, compared to analyst estimates of $41.43 billion. During the same period in the previous year, the company posted $4.33 earnings per share. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. As a group, analysts expect that JPMorgan Chase & Co. will post 17.62 earnings per share for the current year.

JPMorgan Chase & Co. Announces Dividend

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 given a $1.25 dividend. This represents a $5.00 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.82%.

Analyst Ratings Changes

JPM has been the topic of several research analyst reports. Wells Fargo & Company lifted their target price on JPMorgan Chase & Co. from $240.00 to $270.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Barclays increased their target price on shares of JPMorgan Chase & Co. from $257.00 to $304.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Keefe, Bruyette & Woods boosted their price target on shares of JPMorgan Chase & Co. from $216.00 to $254.00 and gave the company a “market perform” rating in a report on Tuesday, December 3rd. Citigroup upped their price target on shares of JPMorgan Chase & Co. from $215.00 to $250.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 19th. Finally, Wolfe Research raised 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 issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and an average price target of $245.83.

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.