Avitas Wealth Management LLC Has $6.80 Million Stake in JPMorgan Chase & Co. (NYSE:JPM)

Avitas Wealth Management LLC decreased its holdings in shares of JPMorgan Chase & Co. (NYSE:JPM – Get Rating) by 0.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,737 shares of the financial services provider’s stock after selling 245 shares during the quarter. JPMorgan Chase & Co. makes up about 1.4% of Avitas Wealth Management LLC’s investment portfolio, making the stock its 11th biggest holding. Avitas Wealth Management LLC’s holdings in JPMorgan Chase & Co. were worth $6,804,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. Apella Capital LLC boosted its holdings in JPMorgan Chase & Co. by 6.5% during the fourth quarter. Apella Capital LLC now owns 7,925 shares of the financial services provider’s stock worth $1,063,000 after purchasing an additional 483 shares during the last quarter. Gries Financial LLC boosted its holdings in JPMorgan Chase & Co. by 36.2% during the fourth quarter. Gries Financial LLC now owns 31,672 shares of the financial services provider’s stock worth $4,247,000 after purchasing an additional 8,410 shares during the last quarter. Coldstream Capital Management Inc. acquired a new stake in JPMorgan Chase & Co. in the fourth quarter valued at $10,645,000. Thomasville National Bank lifted its stake in JPMorgan Chase & Co. by 0.4% in the fourth quarter. Thomasville National Bank now owns 197,038 shares of the financial services provider’s stock valued at $26,423,000 after acquiring an additional 776 shares during the last quarter. Finally, Stillwater Investment Management LLC lifted its stake in JPMorgan Chase & Co. by 0.8% in the fourth quarter. Stillwater Investment Management LLC now owns 38,402 shares of the financial services provider’s stock valued at $5,150,000 after acquiring an additional 300 shares during the last quarter. Institutional investors and hedge funds own 67.89% of the company’s stock.

Insider Buying and Selling at JPMorgan Chase & Co.

In other JPMorgan Chase & Co. news, Vice Chairman Peter Scher sold 4,399 shares of the firm’s stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total value of $617,267.68. Following the transaction, the insider now directly owns 36,369 shares of the company’s stock, valued at approximately $5,103,298.08. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, Director Mellody L. Hobson purchased 375 shares of JPMorgan Chase & Co. stock in a transaction dated Thursday, January 19th. The shares were bought at an average cost of $134.53 per share, for a total transaction of $50,448.75. Following the purchase, the director now owns 22,040 shares in the company, valued at approximately $2,965,041.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Peter Scher sold 4,399 shares of the firm’s stock in a transaction that occurred on Tuesday, January 17th. The shares were sold at an average price of $140.32, for a total transaction of $617,267.68. Following the completion of the sale, the insider now owns 36,369 shares in the company, valued at $5,103,298.08. The disclosure for this sale can be found here. Insiders have sold a total of 37,887 shares of company stock valued at $5,315,762 in the last ninety days. 0.79% of the stock is currently owned by company insiders.

JPMorgan Chase & Co. Price Performance

JPM stock opened at $125.81 on Friday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 1.12. JPMorgan Chase & Co. has a 12 month low of $101.28 and a 12 month high of $144.34. The firm has a market cap of $370.30 billion, a P/E ratio of 10.41, a P/E/G ratio of 1.99 and a beta of 1.12. The company’s 50-day moving average price is $139.06 and its two-hundred day moving average price is $129.31.

JPMorgan Chase & Co. (NYSE:JPM – Get Rating) last released its earnings results on Friday, January 13th. The financial services provider reported $3.57 EPS for the quarter, beating the consensus estimate of $3.11 by $0.46. JPMorgan Chase & Co. had a net margin of 24.34% and a return on equity of 14.68%. The firm had revenue of $34.55 billion for the quarter, compared to analyst estimates of $34.23 billion. During the same period last year, the firm earned $3.33 EPS. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. On average, analysts anticipate that JPMorgan Chase & Co. will post 12.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have commented on JPM. Oppenheimer increased their price target on shares of JPMorgan Chase & Co. from $177.00 to $186.00 and gave the company an “outperform” rating in a research note on Thursday, February 2nd. Piper Sandler increased their price objective on shares of JPMorgan Chase & Co. from $150.00 to $157.00 in a research report on Tuesday, January 17th. Credit Suisse Group set a $155.00 price objective on shares of JPMorgan Chase & Co. in a research report on Monday, February 27th. Morgan Stanley increased their price objective on shares of JPMorgan Chase & Co. from $167.00 to $173.00 and gave the company an “overweight” rating in a research report on Friday, February 24th. Finally, Barclays increased their price objective on shares of JPMorgan Chase & Co. from $162.00 to $189.00 and gave the company an “overweight” rating in a research report on Tuesday, January 3rd. Six research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $150.78.

JPMorgan Chase & Co. Profile

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JPMorgan Chase & Co is a financial holding company, which engages in providing financial and investment banking services. The firm offers a range of investment banking products and services in all capital markets, including advising on corporate strategy and structure, capital raising in equity and debt markets, risk management, market making in cash securities and derivative instruments, and brokerage and research.