Jennison Associates LLC Cuts Stock Holdings in JPMorgan Chase & Co. $JPM

Jennison Associates LLC reduced its stake in JPMorgan Chase & Co. by 5.0% in the fourth quarter, selling 73,957 shares and retaining 1,403,134 shares valued at approximately $452.1 million. The article also highlights JPMorgan’s strong quarterly results, beating EPS and revenue estimates, and its capital return to shareholders through a $1.50 quarterly dividend. Despite some institutional profit-taking and lawsuit risks, the company maintains a “Moderate Buy” rating from analysts with an average price target of $338.12.

JPM0.06%
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