Beacon Investment Advisory Services Inc. Cuts Position in JPMorgan Chase & Co. $JPM

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Beacon Investment Advisory Services Inc. reduced its stake in JPMorgan Chase & Co. by 6.3% in the fourth quarter of the prior year, selling 15,285 shares. Despite the reduction, JPMorgan remains the sixth-largest holding for the firm, accounting for 3.0% of its portfolio. Analysts maintain a “Moderate Buy” consensus for JPM, with an average price target of $334.21, and insiders have sold approximately $22.2 million worth of shares in the past three months.

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