apricus wealth LLC Has $1.05 Million Stake in JPMorgan Chase & Co. $JPM

Core Viewpoint - Apricus Wealth LLC significantly reduced its stake in JPMorgan Chase & Co. by 76.5% during the third quarter, indicating a potential shift in investment strategy or market outlook [2] Institutional Holdings - Brighton Jones LLC increased its stake in JPMorgan Chase & Co. by 11.0% in the fourth quarter, now owning 48,732 shares valued at $11,682,000 after acquiring an additional 4,841 shares [3] - Acorns Advisers LLC raised its holdings by 6.9% in the first quarter, owning 1,547 shares valued at $379,000 after purchasing 100 additional shares [3] - Jones Financial Companies Lllp grew its position by 28.0% in the first quarter, now holding 769,996 shares valued at $187,275,000 after buying 168,224 shares [3] - Cullen Investment Group LTD. increased its stake by 1.7% in the second quarter, owning 103,470 shares worth $29,997,000 after purchasing 1,776 shares [3] - Private Client Services LLC raised its stake by 20.6% in the second quarter, now owning 8,310 shares valued at $2,409,000 after acquiring 1,419 shares [3] - Institutional investors and hedge funds currently own 71.55% of the stock [3] Stock Performance - JPMorgan Chase & Co. stock opened at $329.34, with a market capitalization of $896.55 billion, a P/E ratio of 16.31, and a PEG ratio of 1.61 [4] - The stock has a 50-day simple moving average of $315.25 and a 200-day simple moving average of $304.42 [4] - The 52-week low is $202.16 and the high is $337.25 [4] Earnings Report - The company reported earnings per share (EPS) of $5.07 for the quarter, exceeding analysts' expectations of $4.83 by $0.24 [5] - Revenue for the quarter was $47.12 billion, surpassing expectations of $44.42 billion, with a year-over-year revenue increase of 8.8% [5] - The return on equity was 17.18% and the net margin was 20.90% [5] - Analysts project an EPS of 18.1 for the current year [5] Dividend Announcement - JPMorgan Chase & Co. announced a quarterly dividend of $1.50, to be paid on January 31st, with a $6.00 annualized dividend and a yield of 1.8% [6] - The ex-dividend date is January 6th, and the current payout ratio is 29.72% [6] Analyst Ratings - Royal Bank Of Canada lowered its price target from $343.00 to $330.00 while maintaining an "outperform" rating [7] - Cowen reaffirmed a "buy" rating, while KGI Securities raised its target price from $300.00 to $315.00, giving a "hold" rating [7] - Weiss Ratings reissued a "buy (b+)" rating, and HSBC maintained a "hold" rating with a target price of $245.00 [7] - Overall, 14 analysts rated the stock as a Buy, 12 as Hold, and 2 as Sell, with an average target price of $333.90 [8] Insider Transactions - Insider Robin Leopold sold 966 shares at an average price of $311.92, totaling $301,314.72, representing a 1.63% decrease in their position [9] - Following the sale, the insider holds 58,479 shares valued at approximately $18,240,769.68 [9] - Insiders own 0.47% of the stock [9] Company Overview - JPMorgan Chase & Co. is a diversified global financial services firm headquartered in New York City, offering a wide range of banking and financial products [10] - Its operations include retail banking, commercial lending, investment banking, asset management, payments, and treasury services [10][11]