Signet Financial Management LLC Sells 209 Shares of JPMorgan Chase & Co. (NYSE:JPM)

Signet Financial Management LLC trimmed its position in JPMorgan Chase & Co. (NYSE:JPM) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,312 shares of the financial services provider’s stock after selling 209 shares during the period. Signet Financial Management LLC’s holdings in JPMorgan Chase & Co. were worth $2,232,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. PFW Advisors LLC bought a new stake in JPMorgan Chase & Co. during the fourth quarter valued at approximately $1,206,000. Catalyst Private Wealth LLC raised its position in shares of JPMorgan Chase & Co. by 3.6% during the 4th quarter. Catalyst Private Wealth LLC now owns 2,055 shares of the financial services provider’s stock valued at $493,000 after buying an additional 71 shares in the last quarter. Noble Family Wealth LLC bought a new stake in shares of JPMorgan Chase & Co. during the 4th quarter worth $227,000. Miracle Mile Advisors LLC grew its position in JPMorgan Chase & Co. by 57.2% in the fourth quarter. Miracle Mile Advisors LLC now owns 104,595 shares of the financial services provider’s stock worth $25,073,000 after acquiring an additional 38,078 shares in the last quarter. Finally, Elevated Capital Advisors LLC increased its stake in JPMorgan Chase & Co. by 94.1% in the fourth quarter. Elevated Capital Advisors LLC now owns 5,927 shares of the financial services provider’s stock valued at $1,421,000 after acquiring an additional 2,874 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 1.3 %

Shares of NYSE:JPM opened at $247.35 on Wednesday. The firm has a market capitalization of $696.37 billion, a P/E ratio of 13.76, a P/E/G ratio of 3.54 and a beta of 1.11. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a 50 day moving average price of $242.60 and a 200-day moving average price of $223.51. JPMorgan Chase & Co. has a 52-week low of $164.30 and a 52-week high of $254.31.

JPMorgan Chase & Co. Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Monday, January 6th will be given a dividend of $1.25 per share. This represents a $5.00 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend is Monday, January 6th. JPMorgan Chase & Co.’s dividend payout ratio is currently 27.82%.

Wall Street Analyst Weigh In

JPM has been the subject of several research analyst reports. Barclays lifted their price target on JPMorgan Chase & Co. from $257.00 to $304.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Robert W. Baird lowered JPMorgan Chase & Co. from a “neutral” rating to an “underperform” rating and set a $200.00 target price for the company. in a research note on Thursday, November 7th. Oppenheimer cut shares of JPMorgan Chase & Co. from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 20th. Royal Bank of Canada boosted their price objective on shares of JPMorgan Chase & Co. from $211.00 to $230.00 and gave the stock an “outperform” rating in a report on Monday, October 14th. Finally, Daiwa Capital Markets reduced their target price on shares of JPMorgan Chase & Co. from $240.00 to $235.00 and set an “overweight” rating on the stock in a report on Thursday, October 10th. Two 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 stock. Based on data from MarketBeat, JPMorgan Chase & Co. currently has a consensus rating of “Hold” and a consensus target price 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.